Krishna Institute of Medical gains on planning to develop new medical facilities in Kerala
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Krishna Institute of Medical Sciences s currently trading at Rs. 564.55, up by 5.05 points or 0.90% from its previous closing of Rs. 559.50 on the BSE.
The scrip opened at Rs. 564.00 and has touched a high and low of Rs. 568.40 and Rs. 560.00 respectively. So far 1046 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 580.10 on 13-Sep-2024 and a 52 week low of Rs. 350.02 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 572.10 and Rs. 531.15 respectively. The current market cap of the company is Rs. 22387.77 crore.
The promoters holding in the company stood at 38.82%, while Institutions and Non-Institutions held 48.15% and 13.03% respectively.
Krishna Institute of Medical Sciences (KIMS) has planned to develop new medical facilities and acquire 3000 beds in Kerala over the next five years. KIMS Hospitals, currently has presence in the 5 states of Telangana, Andhra Pradesh, Maharashtra, Kerala and Karnataka with over 16 hospitals and 5000 plus beds.
KIMS has already begun operations in Kerala by taking over Sreechand Hospital in Kannur and entering into an O&M contract with Westfort Hospital at Thrissur, where further development work is underway. Over the next two years, the group plans to establish new hospitals in Kerala developing large health cities in Kochi and Kozhikode, each with 800-bed capacities. The group’s expansion blueprint includes setting up a fully equipped oncology and transplant centre in Kannur, along with a 350-bed hospital in Thrissur dedicated to advanced transplant services. In future plans, KIMS intends to acquire hospitals in Calicut and Trivandrum. In the distant future, it plans to explore possibility of opening one hospital in all districts of Kerala. All its units will mostly be asset light model
Krishna Institute of Medical Sciences offers a comprehensive range of healthcare services including oncology, cardiac sciences, neurosciences, gastric sciences, orthopaedics, renal sciences, organ transplantation, and mother & child care.
