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Buy Aster DM Healthcare Ltd For Target Rs. 335 - JM Financial Institutional Securities Aster DM’s 1Q Revenue/EBITDA was ahead of JMFe primarily driven by strong GCC performance. Reported PAT was lower than estimates due to one-time tax charge of INR 443mn and new hospital losses of INR 230mn adjusted for which PAT grew 87%YoY. GCC hospital revenues grew 19%YoY with c. 15.6% margin (17% adj. for new hospital losses). The India Hospital revenues (6% beat) was driven by strong ARPOB growth due to price hikes, better case mix and higher cash patients which is expected to sust...
Buy Aster DM Healthcare Ltd For Target Rs. 335 - JM Financial Institutional Securities
Buy Aster DM Healthcare Ltd For Target Rs. 335 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
21/08/2023 2:24:49 PM
Aster DM Healthcare rises as its arm acquires remaining 20% stake in Premium Healthcare Aster DM Healthcare is currently trading at Rs. 302.35, up by 0.30 points or 0.10% from its previous closing of Rs. 302.05 on the BSE. The scrip opened at Rs. 302.25 and has touched a high and low of Rs. 307.35 and Rs. 301.45 respectively. So far 7247 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 336.40 on 04-Jul-2023 and a 52 week low of Rs. 193.80 on 14-Jul-2022. Last one week high and low of the scrip stoo...
Aster DM Healthcare rises as its arm acquires remaining 20% stake in Premium Healthcare
Aster DM Healthcare rises as its arm acquires remaining 20% stake in Premium Healthcare
Source: Accord Fintech
14/07/2023 10:45:51 AM
Aster DM Healthcare jumps on acquiring additional 2.36% stake in Malabar Institute of Medical Sciences Aster DM Healthcare is currently trading at Rs. 320.55, up by 9.75 points or 3.14% from its previous closing of Rs. 310.80 on the BSE. The scrip opened at Rs. 314.00 and has touched a high and low of Rs. 327.95 and Rs. 314.00 respectively. So far 67966 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 336.40 on 04-Jul-2023 and a 52 week low of Rs. 181.80 on 07-Jul-2022. Last one week high and low of the scrip sto...
Aster DM Healthcare jumps on acquiring additional 2.36% stake in Malabar Institute of Medical Sciences
Aster DM Healthcare jumps on acquiring additional 2.36% stake in Malabar Institute of Medical Sciences
Source: Accord Fintech
7/07/2023 10:23:11 AM
Buy Aster DM Healthcare Ltd For Target Rs. 300 - JM Financial Institutional Securities India outperformance to continue   Aster DM’s 4Q Revenue/EBITDA was broadly in-line with JMFe driven by better India hospitals, GCC clinics and GCC pharmacies performance. However, PAT missed estimates by 9% due to lower other income, higher finance costs and depreciation. GCC hospital revenues grew 15%YoY with 13.7% margin (17% adj. for new hospital losses). India hospitals beat estimates yet again with 15.8% EBITDAM (JMFe: 15%), lower due to Aster Lab losses. We expect Indi...
Buy Aster DM Healthcare Ltd For Target Rs. 300 - JM Financial Institutional Securities
Buy Aster DM Healthcare Ltd For Target Rs. 300 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
17/06/2023 12:43:49 PM
Aster DM Healthcare rises on inking pact with Padmavathy Medical Foundation Aster DM Healthcare is currently trading at Rs. 271.70, up by 1.15 points or 0.43% from its previous closing of Rs. 270.55 on the BSE. The scrip opened at Rs. 272.95 and has touched a high and low of Rs. 276.15 and Rs. 266.85 respectively. So far 22406 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 285.00 on 25-May-2023 and a 52 week low of Rs. 168.35 on 20-Jun-2022. Last one week high and low of the scrip sto...
Aster DM Healthcare rises on inking pact with Padmavathy Medical Foundation
Aster DM Healthcare rises on inking pact with Padmavathy Medical Foundation
Source: Accord Fintech
2/06/2023 2:53:33 PM
Aster DM Healthcare inches up as its arm incorporates Joint Venture Company in Riyadh Aster DM Healthcare is currently trading at Rs. 231.50, up by 0.35 points or 0.15% from its previous closing of Rs. 231.15 on the BSE. The scrip opened at Rs. 231.15 and has touched a high and low of Rs. 233.45 and Rs. 231.00 respectively. So far 629 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 275.45 on 04-Nov-2022 and a 52 week low of Rs. 162.65 on 12-May-2022. Last one week high and low of the scrip stood...
Aster DM Healthcare inches up as its arm incorporates Joint Venture Company in Riyadh
Aster DM Healthcare inches up as its arm incorporates Joint Venture Company in Riyadh
Source: Accord Fintech
13/03/2023 9:57:29 AM
Buy Aster DM Healthcare Ltd For Target Rs. 262 - ICICI Securities Growth driven by GCC hospitals and pharmacies Aster DM Healthcare’s (Aster) Q3FY23 performance exceeded our expectations on revenue front, largely driven by strong growth in GCC hospitals and pharmacies. Consolidated revenue grew 20.5% YoY to Rs31.9bn (I-Sec: Rs28.1bn). GCC hospitals posted healthy growth of 22% YoY. India hospitals revenue was up 18.9% YoY (-5.5% QoQ). EBITDA margin contracted 90bps YoY to 14.1% (I-Sec:14%). We expect overall business and margins to improve with hig...
Buy Aster DM Healthcare Ltd For Target Rs. 262 - ICICI Securities
Buy Aster DM Healthcare Ltd For Target Rs. 262 - ICICI Securities
Source: ICICI Securities Ltd
1/03/2023 2:01:41 PM
Buy Aster DM Healthcare Ltd For Target Rs. 260 - JM Financial Institutional Securities India business sustains growth momentum Aster DM’s 3Q was ahead of our estimates driven by better India hospitals, GCC clinics and GCC pharmacies performance. GCC hospital revenues grew 22%YoY with 16.1% margin (18% adj. for new hospital losses). India hospitals beat estimates yet again with 15.7% EBITDAM (JMFe: 17%), lower due to Aster Lab losses. The management expects India business to continue momentum as: (1) Kerala cluster has been operating at 80%+ occupancies; (2) AP-Telangan...
Buy Aster DM Healthcare Ltd For Target Rs. 260 - JM Financial Institutional Securities
Buy Aster DM Healthcare Ltd For Target Rs. 260 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
22/02/2023 11:53:47 AM
Aster DM Healthcare gains as its arm to acquire 99.99% stake in Cantown Infra Developers Aster DM Healthcare is currently trading at Rs. 223.30, up by 1.40 points or 0.63% from its previous closing of Rs. 221.90 on the BSE. The scrip opened at Rs. 221.90 and has touched a high and low of Rs. 224.50 and Rs. 218.50 respectively. So far 5411 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 275.45 on 04-Nov-2022 and a 52 week low of Rs. 158.00 on 07-Mar-2022. Last one week high and low of the scrip stoo...
Aster DM Healthcare gains as its arm to acquire 99.99% stake in Cantown Infra Developers
Aster DM Healthcare gains as its arm to acquire 99.99% stake in Cantown Infra Developers
Source: Accord Fintech
16/01/2023 12:30:51 PM
Aster DM Healthcare gains as its arm to acquire 100% stake in Adiran IB Healthcare Aster DM Healthcare is currently trading at Rs. 232.00, up by 1.55 points or 0.67% from its previous closing of Rs. 230.45 on the BSE. The scrip opened at Rs. 228.30 and has touched a high and low of Rs. 234.75 and Rs. 228.30 respectively. So far 15578 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 275.45 on 04-Nov-2022 and a 52 week low of Rs. 158.00 on 07-Mar-2022. Last one week high and low of the scrip sto...
Aster DM Healthcare gains as its arm to acquire 100% stake in Adiran IB Healthcare
Aster DM Healthcare gains as its arm to acquire 100% stake in Adiran IB Healthcare
Source: Accord Fintech
29/12/2022 3:26:24 PM
Buy Aster DM Healthcare Ltd For Target Rs.300 - ICICI Direct GCC clinics, new hospitals dent margins; India margins upbeat… About the stock: Aster operates a network of hospitals, clinics, retail pharmacies in several GCC countries as well as India. * Its network consists of 15 hospitals, 110 clinics and 245 retail pharmacies in GCC states;15 hospitals, 11 clinics and 159 labs in India; total bed capacity: GCC: 1160, India: 3905 * Revenue break-up FY22: hospitals: 56%, pharmacies: 21%, clinics: 23% with GCC & India contributing 77% ...
Buy Aster DM Healthcare Ltd For Target Rs.300 - ICICI Direct
Buy Aster DM Healthcare Ltd For Target Rs.300 - ICICI Direct
Source: ICICI Direct Ltd
14/12/2022 11:52:32 AM
Aster DM Healthcare zooms on signing contract with Faruk Medical City Aster DM Healthcare is currently trading at Rs. 233.00, up by 5.75 points or 2.53% from its previous closing of Rs. 227.25 on the BSE. The scrip opened at Rs. 231.80 and has touched a high and low of Rs. 235.15 and Rs. 227.50 respectively. So far 26958 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 275.45 on 04-Nov-2022 and a 52 week low of Rs. 158.00 on 07-Mar-2022. Last one week high and low of the scrip sto...
Aster DM Healthcare zooms on signing contract with Faruk Medical City
Aster DM Healthcare zooms on signing contract with Faruk Medical City
Source: Accord Fintech
7/12/2022 3:00:02 PM
Buy Aster DM Healthcare Ltd For Target Rs. 300 - ICICI Direct GCC clinics, new hospitals dent margins; India margins upbeat… About the stock: Aster operates a network of hospitals, clinics, retail pharmacies in several GCC countries as well as India. * Its network consists of 15 hospitals, 110 clinics and 245 retail pharmacies in GCC states;15 hospitals, 11 clinics and 159 labs in India; total bed capacity: GCC: 1160, India: 3905 * Revenue break-up FY22: hospitals: 56%, pharmacies: 21%, clinics: 23% with GCC & India contributing 77% ...
Buy Aster DM Healthcare Ltd For Target Rs. 300 - ICICI Direct
Buy Aster DM Healthcare Ltd For Target Rs. 300 - ICICI Direct
Source: ICICI Direct Ltd
25/11/2022 2:56:22 PM
Tech Stars - Aster DM Healthcare Ltd and Muthoot Finance Ltd By Religare Broking Aster DM Healthcare Ltd TECHNICAL RATIONALE ATERDM has retraced marginally of late on low volumes, after making a new record high at 275.60. Technically, it’s an healthy pause in a strong uptrend and we thus recommend utilizing this buying opportunity and initiate fresh longs as per the mentioned levels. Buy Aster DM Healthcare Ltd @263-266 CMP 266.50 Stop Loss 249 Target 289   Muthoot Finance Ltd TECHNICAL RATIONALE After spending almost 6 m...
Tech Stars - Aster DM Healthcare Ltd and Muthoot Finance Ltd By Religare Broking
Tech Stars - Aster DM Healthcare Ltd and Muthoot Finance Ltd By Religare Broking
Source: Religare Broking Ltd
9/11/2022 10:49:44 AM
Aster DM Healthcare surges as its arm enters into JVA with Abdulmohsen Al Hokair Holding Group Aster DM Healthcare is currently trading at Rs 249.65, up by 7.35 points or 3.03% from its previous closing of Rs. 242.30 on the BSE. The scrip opened at Rs. 247.05 and has touched a high and low of Rs. 251.60 and Rs. 247.05 respectively. So far 39024 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 265.55 on 11-Oct-2022 and a 52 week low of Rs. 158.00 on 07-Mar-2022. Last one week high and low of the scrip stoo...
Aster DM Healthcare surges as its arm enters into JVA with Abdulmohsen Al Hokair Holding Group
Aster DM Healthcare surges as its arm enters into JVA with Abdulmohsen Al Hokair Holding Group
Source: Accord Fintech
18/10/2022 4:22:15 PM
Aster DM Healthcare rises as its arm acquires additional 2% stake in Medcare Hospital Aster DM Healthcare is currently trading at Rs. 248.85, up by 0.85 points or 0.34% from its previous closing of Rs. 248.00 on the BSE. The scrip opened at Rs. 250.15 and has touched a high and low of Rs. 253.15 and Rs. 245.30 respectively. So far 28294 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 265.55 on 08-Sep-2022 and a 52 week low of Rs. 158.00 on 07-Mar-2022. Last one week high and low of the scrip sto...
Aster DM Healthcare rises as its arm acquires additional 2% stake in Medcare Hospital
Aster DM Healthcare rises as its arm acquires additional 2% stake in Medcare Hospital
Source: IANS
16/09/2022 12:53:36 PM
Aster DM Healthcare soars as its arm executes area development agreement with GD Assist Aster DM Healthcare is currently trading at Rs. 222.60, up by 7.10 points or 3.29% from its previous closing of Rs. 215.50 on the BSE. The scrip opened at Rs. 211.00 and has touched a high and low of Rs. 228.95 and Rs. 209.50 respectively. So far 52575 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 244.10 on 02-Aug-2022 and a 52 week low of Rs. 158.00 on 07-Mar-2022. Last one week high and low of the scrip sto...
Aster DM Healthcare soars as its arm executes area development agreement with GD Assist
Aster DM Healthcare soars as its arm executes area development agreement with GD Assist
Source: Accord Fintech
29/08/2022 2:40:50 PM
Aster DM Healthcare rises on commencing drone delivery trials with Skye Air Mobility in Kerala Aster DM Healthcare is currently trading at Rs. 190.00, up by 0.65 points or 0.34% from its previous closing of Rs. 189.35 on the BSE. The scrip opened at Rs. 188.40 and has touched a high and low of Rs. 192.00 and Rs. 188.40 respectively. So far 177 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 237.25 on 14-Sep-2021 and a 52 week low of Rs. 147.00 on 09-Jun-2021. Last one week high and low of the scrip stood...
Aster DM Healthcare rises on commencing drone delivery trials with Skye Air Mobility in Kerala
Aster DM Healthcare rises on commencing drone delivery trials with Skye Air Mobility in Kerala
Source: Accord Fintech
8/06/2022 9:56:51 AM
Aster DM Healthcare posts Q4 net profit of Rs 62.87 cr The company reported standalone net profit during the quarter stood at Rs 62.87 crore compared to net loss of Rs 14.24 crore in the previous year quarter. Net revenue of the company rose substantially by 24.04 per cent at Rs 290.79 crore in January-March quarter of this fiscal as against Rs 234.43 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 10.47 per cent to Rs 246.79 crore from Rs 223.41 crore in year ago period. Other Income gre...
Aster DM Healthcare posts Q4 net profit of Rs 62.87 cr
Aster DM Healthcare posts Q4 net profit of Rs 62.87 cr
Source: Dion Global Solutions Ltd
25/05/2022 11:31:50 AM
Buy Aster DM Healthcare Ltd For Target Rs. 250 - ICICI Direct Normalcy in India, GCC; focus on India expansion… About the stock: Aster operates in segments like hospitals, clinics, retail pharmacies and provides healthcare services to patients across economic segments in several GCC states through various brands such as Aster, Medcare and Access. Its network consists of 13 hospitals, 109 clinics and 233 retail pharmacies in the GCC states;14 hospitals, nine clinics, 90 pharmacies and 66 labs in India; total bed capacity: GCC: 1160, India: 3...
Buy Aster DM Healthcare Ltd For Target Rs. 250 - ICICI Direct
Buy Aster DM Healthcare Ltd For Target Rs. 250 - ICICI Direct
Source: ICICI Direct
13/04/2022 1:06:32 PM
Aster DM Healthcare shines on signing MoU with Government of Tamil Nadu Aster DM Healthcare is currently trading at Rs. 185.05, up by 4.65 points or 2.58% from its previous closing of Rs. 180.40 on the BSE. The scrip opened at Rs. 182.40 and has touched a high and low of Rs. 186.25 and Rs. 182.30 respectively. So far 5679 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 237.25 on 14-Sep-2021 and a 52 week low of Rs. 132.55 on 26-Mar-2021. Last one week high and low of the scrip stoo...
Aster DM Healthcare shines on signing MoU with Government of Tamil Nadu
Aster DM Healthcare shines on signing MoU with Government of Tamil Nadu
Source: Accord Fintech
28/03/2022 10:11:35 AM
Add Aster DM Healthcare Ltd For Target Rs. 211 - ICICI Securities Strong domestic performance drives Q3 Aster DM Healthcare’s (Aster) Q3FY22 performance exceeded our estimates mainly due to better than expected growth in India hospitals. Consolidated revenues grew 18.9% YoY to Rs26.5bn (I-Sec: Rs25.0bn), which works out to a 2- year CAGR of 6.8%. EBITDA margin improved by 30bps YoY to 15.0% with occupancy recovery. We expect the overall business and margins to continue improving with higher occupancy and case mix. We believe the company’s str...
Add Aster DM Healthcare Ltd For Target Rs. 211 - ICICI Securities
Add Aster DM Healthcare Ltd For Target Rs. 211 - ICICI Securities
Source: ICICI Securities Ltd
4/03/2022 3:24:44 PM
Buy Aster DM Healthcare Ltd For Target Rs. 290 - JM Financial Services Shifting focus to India biz Aster’s 3QFY22 beat expectations on the back of third consecutive quarter of India outperformance as the company shifts focus to India. Revenue/ EBITDA/ PAT of INR 26496 mn/ 3971 mn/ 1483 mn were +19%/+21%/+61% YoY and were +8%/+3%/+7% vs. our estimates. EBITDA margin improved by c.30 bps YoY to 15% (JMFe: 15.6%). India hospitals Revenue/ EBITDA of INR 6180 mn/ 1040 mn delivered a meaningful beat (+55%/+145%) as capacities continue to ramp up with over 60 ...
Buy Aster DM Healthcare Ltd For Target Rs. 290 - JM Financial Services
Buy Aster DM Healthcare Ltd For Target Rs. 290 - JM Financial Services
Source: JM Financial Services Ltd
23/02/2022 2:50:34 PM
Buy Aster DM Healthcare Ltd : Strong recovery; agressive focus on India - ICICI Securities Buy Aster DM Healthcare Ltd For Target Rs.193 Strong recovery; agressive focus on India Aster DM Healthcare’s (Aster) Q1FY22 performance was broadly in-line with our estimates with strong recovery across GCC and India businesses. Occupancy improved by 700bps QoQ to 65% during Q1FY22. Consolidated revenue grew 35.7% YoY to Rs23.7bn (I-Sec: Rs22.9bn), 2-year CAGR of 8.1%. EBITDA margin improved 360bps YoY to 11.8% (I-Sec:12.0%) with occupancy recovery and on a low base. We expect...
Buy Aster DM Healthcare Ltd : Strong recovery; agressive focus on India - ICICI Securities
Buy Aster DM Healthcare Ltd : Strong recovery; agressive focus on India - ICICI Securities
Source: ICICI Securities
7/10/2021 9:46:44 AM
Buy Aster DM Healthcare Ltd For Target Rs. 193 - ICICI Securities India recovers; GCC recovery remains slow Aster DM Healthcare’s (Aster) Q4FY21 performance was broadly inline with our estimates, though margin was lower due to higher S,G&A expenses, particularly related to COVID-19 patients which would normalise. Overall occupancy improved marginally YoY and QoQ to 58% during Q4FY21. Consolidated revenue grew 4.8% YoY to Rs23.9bn (I-Sec: Rs23.2bn), India hospitals witnessed healthy recovery with 19.7% YoY growth. EBITDA margin declined 370bps Y...
Buy Aster DM Healthcare Ltd For Target Rs. 193 - ICICI Securities
Buy Aster DM Healthcare Ltd For Target Rs. 193 - ICICI Securities
Source: ICICI Securities
19/07/2021 10:33:43 AM
Aster DM Healthcare trades in red on reporting 20% fall in Q4 consolidated net profit Aster DM Healthcare is currently trading at Rs. 152.40, down by 5.80 points or 3.67% from its previous closing of Rs. 158.20 on the BSE. The scrip opened at Rs. 154.00 and has touched a high and low of Rs. 154.50 and Rs. 151.00 respectively. So far 94233 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 179.90 on 20-Nov-2020 and a 52 week low of Rs. 119.40 on 14-Jul-2020. Last one week high and low of the scrip s...
Aster DM Healthcare trades in red on reporting 20% fall in Q4 consolidated net profit
Aster DM Healthcare trades in red on reporting 20% fall in Q4 consolidated net profit
Source: Accord Fintech
23/06/2021 11:37:43 AM
Update On Aster DM Healthcare By HDFC Securities Our Take: Aster DM Healthcare Ltd has a unique business model among Indian healthcare service providers with a strong established presence in GCC (Gulf Cooperation council) and India. While the India expansion remains on an investment curve, a firm presence in GCC helps the company in pursuing aggressive expansion in both GCC and India albeit via an asset light model. The company has a diversified portfolio of healthcare facilities, consisting of 26 hospitals (bed capacity 4873), 115 cl...
Update On Aster DM Healthcare By HDFC Securities
Update On Aster DM Healthcare By HDFC Securities
Source: HDFC Securities Ltd
10/05/2021 1:16:11 PM
Buy Aster DM Healthcare Ltd For Target Rs.210 - ICICI Direct Second wave impacts GCC, India back to near normal Q3 revenues stayed flat QoQ at | 2259 crore (still down 2.7% YoY) vs. | 2268 crore in the last quarter. India revenues grew 10.8% QoQ (up 6.7% YoY) to | 460 crore. However, GCC revenues de-grew 3.4% QoQ (down 4.6% YoY) to | 1866 crore. EBITDA margins expanded 257 bps QoQ to 14.5% due to lower other expenditure. Subsequent EBITDA grew 21.0% QoQ to | 328 crore. PAT came in at | 92 crore, which is ~2.8x of last quarter.   Strong R...
Buy Aster DM Healthcare Ltd For Target Rs.210 - ICICI Direct
Buy Aster DM Healthcare Ltd For Target Rs.210 - ICICI Direct
Source: ICICI Direct Ltd
13/03/2021 11:17:55 AM
Buy Aster DM Healthcare Ltd For Target Rs.200 - ICICI Securities India recovers; GCC recovery remains slow Aster DM Healthcare’s (Aster) Q3FY21 performance was below our estimates due to weak growth in GCC hospitals. Overall occupancy remained flat YoY and QoQ at 57% during Q3FY21. Consolidated revenue declined 2.7% YoY to Rs22.6bn (ISec: Rs23.8bn), India hospitals witnessed healthy recovery with 7.7% YoY growth. EBITDA margin declined 210bps YoY to 14.5% (I-Sec:15.0%) on a high base. We expect overall business to stabilise by Q1FY22 and expect s...
Buy Aster DM Healthcare Ltd For Target Rs.200 - ICICI Securities
Buy Aster DM Healthcare Ltd For Target Rs.200 - ICICI Securities
Source: ICICI Securities Ltd
12/03/2021 9:22:54 AM