{"id":119917,"date":"2024-02-28T13:10:14","date_gmt":"2024-02-28T07:40:14","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=119917"},"modified":"2024-02-28T13:51:23","modified_gmt":"2024-02-28T08:21:23","slug":"penny-stock-jumps-after-signing-an-mou-with-doctors-for-establishment-of-new-surgical-department","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-after-signing-an-mou-with-doctors-for-establishment-of-new-surgical-department\/","title":{"rendered":"Penny stock jumps after signing an MoU with doctors for establishment of new surgical department\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2906279817\"><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 microcap company jumped 2 percent in Wednesday\u2019s trading session after signing an MoU with doctors to establish a new surgical department. The shares have delivered around 15 percent returns to its shareholders in three months.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-142602148\"><!-- 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 capitalization of Rs. 60.6 crores, the shares of Sangani Hospitals Ltd started Wednesday\u2019s trading session on a higher note at Rs. 44, gaining 2 percent compared to its previous close of Rs. 43.10 apiece.&nbsp;<\/p><p>Such a positive movement in the share price was observed after the company in an exchange filing announced that it had entered into a Memorandum of Understanding with Dr Bhavinsh Babubhai Mori and Dr Pareetaben Dodiya for the establishment of a new surgical department for providing medical services located at Devasya Hospital, Keshod, Gujarat.&nbsp;<\/p><p>As per the MoU, Sangani Hospitals Limited will provide the necessary infrastructure, including space and facilities, for the new surgical department and Dr Bhavinsh Babubhai Mori and Dr Pareetaben Dodiya will be paid their private practice earnings after deducting rent.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1957240637\"><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>Furthermore, the MoU was signed to meet the growing demand for specialized Surgical and Gynaecology services in the region and to establish a new surgical department to meet these needs efficiently.&nbsp;<\/p><p>Coming onto the company\u2019s financial statements, the revenue magnified by 237 percent from Rs. 4.20 crores during the September quarter to Rs. 15.67 crores in the December quarter. In addition, the net profits zoomed by 41 percent from Rs. 1.05 crores to Rs. 1.48 crores during the same period.&nbsp;<\/p><p>Looking at the company\u2019s important financial ratios, the return on equity was at 12.87 percent in FY22-23 and the return on capital employed was recorded at 17.35 percent during the same period. On the other hand, the net profit margin was at 9.44 percent during FY22-23.&nbsp;<\/p><p>According to the latest shareholding pattern, the Promoters have 74.48 percent of the stake and the remaining 27.52 percent of shares are with the Retail Investors.&nbsp;<\/p><p>Headquartered in Gujarat, Sangani Hospitals was incorporated in 2021. It is a multi-specialty healthcare provider operating in the Keshod and Veraval regions of Gujarat. The company offers healthcare services and operates with a combined bed capacity of 68 beds, focusing on providing specialized medical care to the local communities.&nbsp;<\/p><p><strong>Written By Vaibhav Patil&nbsp;<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3444708561\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><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-408111122\"><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 microcap company jumped 2 percent in Wednesday\u2019s trading session after signing an MoU with doctors to establish a new surgical department. The shares have delivered around 15 percent returns to its shareholders in three months.&nbsp; With a market capitalization of Rs. 60.6 crores, the shares of Sangani Hospitals Ltd started Wednesday\u2019s trading [&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":[31,13525],"tags":[],"class_list":["post-119917","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) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Penny stock jumps after signing an MoU with doctors for establishment of new surgical department\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this microcap company jumped 2 percent in Wednesday\u2019s trading session after signing an MoU with doctors to establish a new surgical department.\" \/>\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\/penny-stock-jumps-after-signing-an-mou-with-doctors-for-establishment-of-new-surgical-department\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny stock jumps after signing an MoU with doctors for establishment of new surgical department\u00a0\" \/>\n<meta property=\"og:description\" content=\"Shares of this microcap company jumped 2 percent in Wednesday\u2019s trading session after signing an MoU with doctors to establish a new surgical department.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-after-signing-an-mou-with-doctors-for-establishment-of-new-surgical-department\/\" \/>\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=\"2024-02-28T07:40:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-28T08:21:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Hospitals-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\/penny-stock-jumps-after-signing-an-mou-with-doctors-for-establishment-of-new-surgical-department\/\",\"url\":\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-after-signing-an-mou-with-doctors-for-establishment-of-new-surgical-department\/\",\"name\":\"Penny stock jumps after signing an MoU with doctors for establishment of new surgical department\u00a0 - 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