{"id":113715,"date":"2023-11-15T13:12:07","date_gmt":"2023-11-15T07:42:07","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113715"},"modified":"2023-11-15T13:39:16","modified_gmt":"2023-11-15T08:09:16","slug":"healthcare-stock-hits-52-week-high-after-its-net-profits-increases-by-34-in-q2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/healthcare-stock-hits-52-week-high-after-its-net-profits-increases-by-34-in-q2\/","title":{"rendered":"Healthcare stock hits 52 week high after its net profits increases by 34% in Q2"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2863054825\"><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>Leading Multi Speciality Healthcare Chain hit its 52 week high and all-time high price after it jumped 9 percent in the day\u2019s trade following its Q2FY24 results with increase in Net Profit by 32 percent YoY.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3566511831\"><!-- 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 11:35 a.m the shares of Narayana Hrudayalaya Limited were trading at Rs. 1,138 up 4.92 percent from its previous day close price of Rs. 1,084.65 and its market capitalization is Rs. 23,264.&nbsp;<\/p><p>Narayana Hrudayalaya Limited reported a 34.24 percent YoY jump in Net Profit from Rs. 168.85 Crores in Q2FY23 to Rs. 226.68 Crores in Q2FY24 and it grew 23.16 percent QoQ from Rs. 184.04 Crores in Q1FY24 to Rs. 226.68 in Q2FY24.&nbsp;<\/p><p>Its Revenue from operations grew 14.33 percent YoY from Rs. 1,141.57 Crores in Q2FY23 to Rs. 1,305.24 Crores in Q2FY24 and it grew 5.82 percent QoQ from Rs. 1,233.42 Crores in Q1FY24 to Rs. 1,305.24 Crores in Q2FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3784206134\"><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>As per the company\u2019s financial statements its revenue grew 22.25 percent from Rs. 3,701.32 Crores in FY22 to Rs. 4,524.77 Crores in FY23, accompanied by increasing profits of Rs. 342.12 Crores to Rs. 606.57 Crores.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 33.55 percent and a return on capital employed (ROCE) of 33.92 percent, it is making good returns on its equity and capital employed.&nbsp;<\/p><p>According to the latest shareholding data available for the September 2023 quarter, the company\u2019s Promoters hold 63.85 percent stake, the Domestic Institutional Investors hold 10.90 percent and the Foreign Institutional Investors (FII) hold 11.59 percent.&nbsp;<\/p><p>Narayana Hrudayalaya Limited is engaged in providing economical healthcare services. It has a network of multispecialty and super specialty hospitals spread across multiple locations.&nbsp;<\/p><p><strong>Written by: Bharath K.S<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2445016745\"><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>Leading Multi Speciality Healthcare Chain hit its 52 week high and all-time high price after it jumped 9 percent in the day\u2019s trade following its Q2FY24 results with increase in Net Profit by 32 percent YoY.&nbsp; At 11:35 a.m the shares of Narayana Hrudayalaya Limited were trading at Rs. 1,138 up 4.92 percent from its [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82826,"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":[31,13525],"tags":[],"class_list":["post-113715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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