Jupiter Life Line surges on acquiring land in Pune
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Jupiter Life Line is currently trading at Rs. 1480.40, up by 41.60 points or 2.89% from its previous closing of Rs. 1438.80 on the BSE.
The scrip opened at Rs. 1452.25 and has touched a high and low of Rs. 1487.85 and Rs. 1452.25 respectively. So far 1049 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1496.25 on 21-Feb-2024 and a 52 week low of Rs. 960.00 on 18-Sep-2023.
Last one week high and low of the scrip stood at Rs. 1496.25 and Rs. 1296.60 respectively. The current market cap of the company is Rs. 9654.92 crore.
The promoters holding in the company stood at 40.91%, while Institutions and Non-Institutions held 17.90% and 41.19% respectively.
Jupiter Life Line Hospitals has acquired land in Bibvewadi, Pune, with an area of around 11,500 Sq. Meter, on a leased basis. The period for lease is 10 years with an annual lease rental of Rs 9.27 crore. Further, the company will have the option to purchase the land after three years. The land is leased for setting up a hospital.
Jupiter Life Line Hospitals is engaged in the business of operating and managing hospitals and clinics in India. The company is among the key multi-specialty tertiary and quaternary healthcare providers.
