{"id":118760,"date":"2024-02-07T16:23:55","date_gmt":"2024-02-07T10:53:55","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118760"},"modified":"2024-02-07T16:23:56","modified_gmt":"2024-02-07T10:53:56","slug":"mid-cap-stock-jumps-after-sbi-life-insurance-bought-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/mid-cap-stock-jumps-after-sbi-life-insurance-bought-stake-in-the-company\/","title":{"rendered":"Mid cap stock jumps after SBI Life Insurance bought stake in the company\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2900096053\"><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 the company engaged in the hospital chain business jumped around 2 percent in Wednesday\u2019s trading session after SBI Life Insurance bought stake in the company. The shares have delivered around 49 percent returns to its shareholders in one year.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3271324202\"><!-- 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>With a market capitalisation of Rs. 17,279 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/KIMS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Krishna Institute of Medical Sciences Ltd<\/a><\/strong> started Wednesday\u2019s trading session on a higher note at Rs. 2,148 compared to the previous close of Rs. 2,133. During the trading session, the shares hit a high of Rs. 2,176, gaining around 2 percent and are currently trading at Rs. 2,161 apiece.\u00a0<\/p><p>According to the BSE bulk deal data, SBI Life Insurance company has bought 11,49,074 equity shares via open market transactions in KIMS, which is equivalent to 1.43 percent of paid-up equity, at an average price of Rs 2,085 per share, valued at Rs. 239.6 crores.&nbsp;<\/p><p>However, alternative investment fund India (Advantage Fund S4-I) has sold 10,70,545 equity shares, which is equivalent to 1.3 percent stake, in the company at the same price, amounting to Rs. 223.2 crores. As of December 2023, India Advantage Fund had a 2.23 percent stake in the midcap company.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1947779618\"><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>Coming onto the company\u2019s financial statements, the revenue decreased by 7 percent from Rs. 652 crores during the September quarter to Rs. 606 crores in the December quarter. In addition, the net profits declined by 24 percent from Rs. 101 crores to Rs. 77 crores during the same period.&nbsp;<\/p><p>The company has unveiled plans for the construction of new hospitals in Nashik and Bengaluru, aiming to enhance healthcare accessibility and quality. These expansion efforts are part of KIMS&#8217; broader strategy to strengthen its position as a leader in the Indian healthcare industry.&nbsp;<\/p><p>Due to increasing expenditure, the profitability metrics of the company declined with the return on equity (RoE) decreasing from 20.20 percent during FY 21-22 to 15.48 percent in FY 22-23, and, the return on capital employed (RoCE) showed a downward movement from 26.17 percent to 20 percent during the same timeframe. Furthermore, the net profit margin decreased from 24.34 percent during FY 21-22 to 22.30 percent during FY 22-23.&nbsp;<\/p><p>Headquartered in Secunderabad, KIMS was incorporated in 1973. It is one of the largest corporate healthcare groups in Andhra Pradesh and Telangana in terms of patients treated and treatments offered. The company offers multidisciplinary healthcare services with primary, secondary, and tertiary care across 2-3 tier cities and an additional quaternary healthcare facility in tier-1 cities.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil&nbsp;<\/strong><\/p><\/blockquote><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-905493293\"><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 the company engaged in the hospital chain business jumped around 2 percent in Wednesday\u2019s trading session after SBI Life Insurance bought stake in the company. The shares have delivered around 49 percent returns to its shareholders in one year.\u00a0 With a market capitalisation of Rs. 17,279 crores, the shares of Krishna Institute of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":17480,"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":[7774,948,936],"class_list":["post-118760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-kims-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>Mid cap stock jumps after SBI Life Insurance bought stake in the company\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of the company engaged in the hospital chain business jumped around 2 percent in Wednesday\u2019s trading session after SBI Life Insurance bought stake in the company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/mid-cap-stock-jumps-after-sbi-life-insurance-bought-stake-in-the-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mid cap stock jumps after SBI Life Insurance bought stake in the company\u00a0\" \/>\n<meta property=\"og:description\" content=\"Shares of the company engaged in the hospital chain business jumped around 2 percent in Wednesday\u2019s trading session after SBI Life Insurance bought stake in the company.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/mid-cap-stock-jumps-after-sbi-life-insurance-bought-stake-in-the-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-07T10:53:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-07T10:53:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/SBI-LIfe-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/mid-cap-stock-jumps-after-sbi-life-insurance-bought-stake-in-the-company\/\",\"url\":\"https:\/\/tradebrains.in\/features\/mid-cap-stock-jumps-after-sbi-life-insurance-bought-stake-in-the-company\/\",\"name\":\"Mid cap stock jumps after SBI Life Insurance bought stake in the company\u00a0 - 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