{"id":112728,"date":"2023-10-27T14:35:20","date_gmt":"2023-10-27T09:05:20","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112728"},"modified":"2023-10-27T14:35:26","modified_gmt":"2023-10-27T09:05:26","slug":"healthcare-stock-jumps-up-to-10-after-it-reports-50-growth-in-profit-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/healthcare-stock-jumps-up-to-10-after-it-reports-50-growth-in-profit-check-the-details\/","title":{"rendered":"Healthcare stock jumps up to 10% after it reports 50% growth in profit, Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4205403142\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this small cap healthcare company jumped 10.2 percent after the company announced results today and reported profit growth of 50 percent. The company has a market capitalization of Rs. 2,610.06 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-25281845\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12:45, 27th October shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SHALBY\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Shalby Ltd<\/a><\/strong> were trading at Rs. 266.10 per share, up by 10.2 percent from previous closing price of Rs. 241.40 per share.\u00a0<\/p><p>Such bullish stock price movements were observed after the company today announced results for Q2FY24 and reported revenue growth of 17.5 percent to Rs. 243.3 crores from Rs. 207.1 crores in the same quarter of previous financial year moreover, in the same time period net profit increased by 49.5 percent to Rs. 271.64 crores from Rs. 181.63 crores.&nbsp;<\/p><p>Looking at the profitability ratios, the company reported return on equity (ROE) of 7.51 percent and return on capital employed (ROCE) of 10.72 percent in the last financial year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2767051805\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company&#8217;s promoters possess roughly 74.12 percent of the shares, while the public own 21.77 percent, leaving the remaining 4.11 percent with the foreign institutional investors (FIIs).&nbsp;<\/p><p>Shalby is the largest chain of multispecialty hospitals in Western and Central India. It operates 14 hospitals across India with a total bed capacity of 2,000+ beds. The company holds the dominant position worldwide when it comes to knee replacement surgery and ranks among the top hospitals in India for joint replacement procedures.&nbsp;<\/p><p><strong>Written by: Vinit Israni<\/strong><strong>&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2655546003\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this small cap healthcare company jumped 10.2 percent after the company announced results today and reported profit growth of 50 percent. The company has a market capitalization of Rs. 2,610.06 crores.&nbsp; At 12:45, 27th October shares of Shalby Ltd were trading at Rs. 266.10 per share, up by 10.2 percent from previous closing [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[13726,13727,13725,948,936],"class_list":["post-112728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-shalby-latest-news","tag-shalby-q2-results","tag-shalby-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Healthcare stock jumps up to 10% after it reports 50% growth in profit, Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this small cap healthcare company jumped 10.2 percent after the company announced results today and reported profit growth of 50 percent. 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