News

Add Vijaya Diagnostics Ltd For Target Rs. 1,240 by Yes Securities Ltd All round beat builds ground for optimism Result Synopsis Base business growth in Vijaya is running healthy coupled with robust addition from new hubs opened between FY21-23. We had been circumspect about base business expansion, but it does appear to be running at 8-10% YoY in our view and indeed Vijaya has surprised for 2 quarters in a row. Company has not added any hubs between JanNov’24 barring one opened in Ongole, AP as management focused on integration of PH. With ~4 hubs l...
Add Vijaya Diagnostics Ltd For Target Rs. 1,240 by Yes Securities Ltd
Add Vijaya Diagnostics Ltd For Target Rs. 1,240 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-19 04:24:36 pm
60% of Healthcare job postings aimed at women in the last three months, reports apna.co Amidst a rapidly expanding healthcare sector, Apna.co, India's leading job and professional networking platform, has observed a notable shift, with over 60% of the recent 40,000 healthcare job postings specifically targeting women healthcare professionals in the last 3 months. This increase in demand for female healthcare professionals is largely driven by expanded government spending on public healthcare and the development of healthcare services in underserved Tier 2 and 3 cities by pri...
60% of Healthcare job postings aimed at women in the last three months, reports apna.co
60% of Healthcare job postings aimed at women in the last three months, reports apna.co
Source: PR Agency
2024-11-19 03:12:40 pm
Nureca gains on entering into distribution agreement with Zepto Nureca is currently trading at Rs. 272.30, up by 3.40 points or 1.26% from its previous closing of Rs. 268.90 on the BSE. The scrip opened at Rs. 283.00 and has touched a high and low of Rs. 283.00 and Rs. 272.30 respectively. So far 78 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 468.25 on 26-Dec-2023 and a 52 week low of Rs. 240.90 on 04-Jun-2024. Last one week high and low of the scrip stood at Rs. 292.95...
Nureca gains on entering into distribution agreement with Zepto
Nureca gains on entering into distribution agreement with Zepto
Source: Accord Fintech
2024-11-18 10:35:27 am
Krishna Institute of Medical Sciences trades higher on the BSE Krishna Institute of Medical Sciences is currently trading at Rs. 558.40, up by 1.90 points or 0.34% from its previous closing of Rs. 556.50 on the BSE. The scrip opened at Rs. 550.70 and has touched a high and low of Rs. 561.55 and Rs. 546.10 respectively. So far 16100 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 603.95 on 11-Nov-2024 and a 52 week low of Rs. 350.02 on 04-Jun-2024. Last one week high and low...
Krishna Institute of Medical Sciences trades higher on the BSE
Krishna Institute of Medical Sciences trades higher on the BSE
Source: Accord Fintech
2024-11-13 11:41:35 am
Sagility India lists with 4% premium on the BSE Sagility India has debuted at Rs 31.06 on the BSE, up by 1.06 points or 3.53% from its issue price of Rs 30.  The scrip is currently trading at Rs 31.70, up by 1.7 points or 5.67% from its issue price.  It has touched a high and low of Rs 32.90 and Rs 30.51 respectively. So far 96.49 lakh shares were traded on the counter. The offering, which was open for subscription between November 5, 2024 and November 7, 2024 was subscribed 3.2 times. The issue price was fixed at Rs 30 ...
Sagility India lists with 4% premium on the BSE
Sagility India lists with 4% premium on the BSE
Source: Accord Fintech
2024-11-12 11:29:55 am
Max Healthcare Institute gains on completing acquisition of 100% equity stake of Jaypee Healthcare Max Healthcare Institute is currently trading at Rs. 1036.05, up by 10.85 points or 1.06% from its previous closing of Rs. 1025.20 on the BSE. The scrip opened at Rs. 1025.20 and has touched a high and low of Rs. 1064.45 and Rs. 1025.20 respectively. So far 17469 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1117.05 on 24-Sep-2024 and a 52 week low of Rs. 590.25 on 15-Nov-2023. Last one week high and low of t...
Max Healthcare Institute gains on completing acquisition of 100% equity stake of Jaypee Healthcare
Max Healthcare Institute gains on completing acquisition of 100% equity stake of Jaypee Healthcare
Source: Accord Fintech
2024-11-12 11:26:00 am
Krishna Institute of Medical Sciences soars on inking pact with Insignia Healthcare Krishna Institute of Medical Sciences is currently trading at Rs. 581.15, up by 10.95 points or 1.92% from its previous closing of Rs. 570.20 on the BSE. The scrip opened at Rs. 589.35 and has touched a high and low of Rs. 603.95 and Rs. 575.00 respectively. So far 29089 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 603.95 on 11-Nov-2024 and a 52 week low of Rs. 350.02 on 04-Jun-2024. Last one week high and lo...
Krishna Institute of Medical Sciences soars on inking pact with Insignia Healthcare
Krishna Institute of Medical Sciences soars on inking pact with Insignia Healthcare
Source: Accord Fintech
2024-11-11 10:54:06 am
Sell Max Healthcare Institute Ltd For Target Rs. 907 By Choice Broking Ltd In Q2FY25, Max Healthcare saw a robust revenue growth of 23.3% YoY and 9.7% QoQ to INR 21,190mn led by an increase in the revenue from international patients which saw a growth of 12% YoY with a 9% share in the total hospital revenue. ARPOB grew by 6.8% YoY to INR 79,700 and occupancy at 81%. EBITDA grew by 15.7% YoY and 13.4% QoQ to INR 5,600mn. EBITDA margin contracted by 173bps YoY but marginally expanded by 84bps QoQ to 26.4%. APAT for the quarter grew by 3.3% YoY and 18.2% QoQ to INR 3,6...
Sell Max Healthcare Institute Ltd For Target Rs. 907 By Choice Broking Ltd
Sell Max Healthcare Institute Ltd For Target Rs. 907 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-11-10 11:57:20 am
Buy Apollo Hospitals Enterprise Ltd For Target Rs. 8,702 By Choice Broking Ltd Apollo Hospital reported earnings above our expectations, whereas the revenue was in line. Revenue stood at INR 55,893 mn, reflecting a growth of 15.3% YoY and 9.9% QoQ, driven by strong performance across the key segments. EBITDA saw a significant growth of 30% YoY and 20.8% QoQ to INR 8,155 mn, with the margin expanding by 164bps YoY and 132bps QoQ to 14.6%. ARPOB for the healthcare segment grew by 2.8% YoY, reaching INR 59,011. International patients contributed 6% to the revenue. The comp...
Buy Apollo Hospitals Enterprise Ltd For Target Rs. 8,702 By Choice Broking Ltd
Buy Apollo Hospitals Enterprise Ltd For Target Rs. 8,702 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-11-10 11:50:36 am
India's Apollo Hospitals beats Q2 profit view on strong healthcare services demand India's Apollo Hospitals Enterprise topped second-quarter profit expectations on Wednesday, driven by higher demand for its healthcare services. The hospital chain operator's consolidated net profit surged nearly 63% year-on-year to 3.79 billion rupees ($45 million) in the quarter ended Sept. 30, beating analysts' average estimate of 3.64 billion rupees, as per data compiled by LSEG. Hospital chain operators such as Apollo and Max Healthcare have been focused on improving th...
India's Apollo Hospitals beats Q2 profit view on strong healthcare services demand
India's Apollo Hospitals beats Q2 profit view on strong healthcare services demand
Source: Reuters
2024-11-06 04:59:00 pm
Krishna Institute of Medical trades higher on the BSE Krishna Institute of Medical is currently trading at Rs. 559.15, up by 16.85 points or 3.11% from its previous closing of Rs. 542.30 on the BSE. The scrip opened at Rs. 531.15 and has touched a high and low of Rs. 562.20 and Rs. 531.15 respectively. So far 8989 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 s...
Krishna Institute of Medical trades higher on the BSE
Krishna Institute of Medical trades higher on the BSE
Source: Accord Fintech
2024-11-04 10:59:23 am
Zydus Wellness shines as the company to acquire Naturell (India) Zydus Wellness is currently trading at Rs. 1947.35, up by 63.00 points or 3.34% from its previous closing of Rs. 1884.35 on the BSE. The scrip opened at Rs. 1938.95 and has touched a high and low of Rs. 1962.40 and Rs. 1897.05 respectively. So far 3678 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2484.00 on 30-Jul-2024 and a 52 week low of Rs. 1441.75 on 18-Mar-2024. Last one week high and low of the scrip s...
Zydus Wellness shines as the company to acquire Naturell (India)
Zydus Wellness shines as the company to acquire Naturell (India)
Source: Accord Fintech
2024-10-31 03:34:46 pm
Krishna Institute of Medical gains on making further investment in M/s. Sarvejana Healthcare Krishna Institute of Medical is currently trading at Rs. 540.35, up by 2.40 points or 0.45% from its previous closing of Rs. 537.95 on the BSE. The scrip opened at Rs. 537.95 and has touched a high and low of Rs. 541.55 and Rs. 535.00 respectively. So far 1087 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 sc...
Krishna Institute of Medical gains on making further investment in M/s. Sarvejana Healthcare
Krishna Institute of Medical gains on making further investment in M/s. Sarvejana Healthcare
Source: Accord Fintech
2024-10-31 10:35:46 am
Dhanvantari Jayanti: PM Narendra Modi to launch healthcare projects worth Rs 12,850 cr today Prime Minister Narendra Modi is set to launch, inaugurate, and lay the foundation stone for multiple projects related to the health sector worth around Rs 12,850 crore at All India Institute of Ayurveda (AIIA) here on Tuesday on the occasion of Dhanvantari Jayanti and the 9th Ayurveda Day.  As a major addition to the flagship scheme Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY), Prime Minister Modi will launch the expansion of health coverage to all senior citizens aged 70...
Dhanvantari Jayanti: PM Narendra Modi to launch healthcare projects worth Rs 12,850 cr today
Dhanvantari Jayanti: PM Narendra Modi to launch healthcare projects worth Rs 12,850 cr today
Source: IANS
2024-10-29 11:43:11 am
India`s Dr Lal Path Labs posts bigger-than-expected Q2 profit on demand for medical tests Dr. Lal PathLabs, India's top diagnostics firm by revenue, reported a bigger-than-expected second-quarter profit on Wednesday, driven by continued demand and a rising awareness for health and wellness. The company's consolidated net profit increased 18% year-over-year to 1.29 billion rupees ($15.4 million), increasing for the sixth quarter in a row. That beat analysts' estimates of 1.26 billion rupees, according to estimates compiled by LSEG. The company, which operates a...
India`s Dr Lal Path Labs posts bigger-than-expected Q2 profit on demand for medical tests
India`s Dr Lal Path Labs posts bigger-than-expected Q2 profit on demand for medical tests
Source: Reuters
2024-10-23 05:06:36 pm
Krishna Institute of Medical moves up on acquiring additional stake in Sarvejana Healthcare Krishna Institute of Medical Sciences is currently trading at Rs. 530.10, up by 3.80 points or 0.72% from its previous closing of Rs. 526.30 on the BSE. The scrip opened at Rs. 521.00 and has touched a high and low of Rs. 532.00 and Rs. 521.00 respectively. So far 2313 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 ...
Krishna Institute of Medical moves up on acquiring additional stake in Sarvejana Healthcare
Krishna Institute of Medical moves up on acquiring additional stake in Sarvejana Healthcare
Source: Accord Fintech
2024-10-23 11:21:26 am
AI to make significant mark in healthcare & education in India: Experts As the country embarks on its journey to use artificial intelligence (AI) for empowering millions of people while democratising it, experts on Tuesday said that the technology has great potential and will make a significant mark in the sectors of healthcare and education.   From detecting diseases to analysing test results to manufacturing drugs, AI is making great strides in the healthcare sector. In the education sector, AI is enabling digital literacy, critical thinking, problem...
AI to make significant mark in healthcare & education in India: Experts
AI to make significant mark in healthcare & education in India: Experts
Source: IANS
2024-10-22 05:42:30 pm
Centre announces 3 CoEs for AI in healthcare, agriculture & sustainable cities The Union government on Tuesday announced the establishment of three Centres of Excellence (CoE) for Artificial Intelligence (AI) in healthcare, agriculture, and sustainable cities.  The CoEs in AI, to be built with a total financial outlay of Rs. 990.00 Crore over the period of FY 2023-24 to FY 2027-28, is aimed to further boost the start-up ecosystem in the country. “The three AI-CoEs would emerge as temples of global public good, and also emerge as solution providers of th...
Centre announces 3 CoEs for AI in healthcare, agriculture & sustainable cities
Centre announces 3 CoEs for AI in healthcare, agriculture & sustainable cities
Source: IANS
2024-10-15 05:37:03 pm
Krystal Integrated Services gains on receiving work order worth Rs 55 crore Krystal Integrated Services is currently trading at Rs. 746.00, up by 8.90 points or 1.21% from its previous closing of Rs. 737.10 on the BSE. The scrip opened at Rs. 751.85 and has touched a high and low of Rs. 758.40 and Rs. 742.10 respectively. So far 2534 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1023.75 on 12-Apr-2024 and a 52 week low of Rs. 629.70 on 04-Jun-2024. Last one week high and low of the s...
Krystal Integrated Services gains on receiving work order worth Rs 55 crore
Krystal Integrated Services gains on receiving work order worth Rs 55 crore
Source: Accord Fintech
2024-10-14 12:29:07 pm
Bain Capital-backed 360 ONE Asset Management invests in A4 Hospitals 360 ONE’s Healthcare Opportunities Fund has entered into definitive agreements to invest in A4 Hospitals, a prominent integrated women’s healthcare chain based in Tamil Nadu, with a robust presence in Chennai. Founded by experienced healthcare professionals Dr. Ashok Kumar and Dr. Aruna Ashok, A4 Hospitals offers a wide range of comprehensive services, including fertility treatments (IVF), maternity care, and gynaecologicalservices. The growth capital from 360 ONE’s Healt...
Bain Capital-backed 360 ONE Asset Management invests in A4 Hospitals
Bain Capital-backed 360 ONE Asset Management invests in A4 Hospitals
Source: PR Agency
2024-10-10 12:10:09 pm
Ratan Tata ensured education and health for millions globally: Cornell University  A bachelor in architecture from Cornell University in the US in 1962, Ratan Tata did not pursue an architecture career and, instead, started as an apprentice on a shop floor at Tata Steel, before building a $100 billion empire.    He was a former Cornell trustee who became the university’s largest international donor – supporting scholarships, research to reduce rural poverty and malnutrition in India, and technology innovation. Remembering him, Cornell Un...
Ratan Tata ensured education and health for millions globally: Cornell University
Ratan Tata ensured education and health for millions globally: Cornell University
Source: IANS
2024-10-10 09:19:20 am
Biocon moves up on inking pact with Tabuk Pharmaceutical Manufacturing Company Biocon is currently trading at Rs. 374.15, up by 1.65 points or 0.44% from its previous closing of Rs. 372.50 on the BSE. The scrip opened at Rs. 376.35 and has touched a high and low of Rs. 378.60 and Rs. 373.90 respectively. So far 36893 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 395.65 on 17-Sep-2024 and a 52 week low of Rs. 217.50 on 31-Oct-2023. Last one week high and low of the scrip stood at Rs. 381....
Biocon moves up on inking pact with Tabuk Pharmaceutical Manufacturing Company
Biocon moves up on inking pact with Tabuk Pharmaceutical Manufacturing Company
Source: Accord Fintech
2024-09-27 09:53:13 am
Unichem Laboratories surges on planning to consolidate generics formulations business in US market Unichem Laboratories is currently trading at Rs. 647.00, up by 5.40 points or 0.84% from its previous closing of Rs. 641.60 on the BSE. The scrip opened at Rs. 670.00 and has touched a high and low of Rs. 670.00 and Rs. 642.25 respectively. So far 5173 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 693.25 on 12-Sep-2024 and a 52 week low of Rs. 398.70 on 03-Nov-2023. Last one week high and low of the scrip stoo...
Unichem Laboratories surges on planning to consolidate generics formulations business in US market
Unichem Laboratories surges on planning to consolidate generics formulations business in US market
Source: Accord Fintech
2024-09-24 02:25:26 pm
Aster DM Healthcare moves up as its arm to set up new Aster Woman and Children Hospital in Hyderabad Aster DM Healthcare is currently trading at Rs. 423.15, up by 1.70 points or 0.40% from its previous closing of Rs. 421.45 on the BSE. The scrip opened at Rs. 425.05 and has touched a high and low of Rs. 431.55 and Rs. 422.60 respectively. So far 79703 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 558.30 on 15-Apr-2024 and a 52 week low of Rs. 309.05 on 09-Oct-2023. Last one week high and low of the scrip sto...
Aster DM Healthcare moves up as its arm to set up new Aster Woman and Children Hospital in Hyderabad
Aster DM Healthcare moves up as its arm to set up new Aster Woman and Children Hospital in Hyderabad
Source: Accord Fintech
2024-09-23 11:41:28 am
IIT Kanpur launches project for Uttar Pradesh Digital Health Stack  The Indian Institute of Technology Kanpur (IITK) and ICICI Foundation for Inclusive Growth on Tuesday announced a partnership to work on the Uttar Pradesh Digital Health Stack project to strengthen healthcare in the state.  The Stack will be available for use in the public healthcare system, starting with Uttar Pradesh. As per the Memorandum of Understanding (MoU), ICICI Foundation will support this initiative with significant fund requirements over multiple years. The Sta...
IIT Kanpur launches project for Uttar Pradesh Digital Health Stack
IIT Kanpur launches project for Uttar Pradesh Digital Health Stack
Source: IANS
2024-09-18 09:45:14 am
Nureca jumps on entering into distribution agreement to make products available on commerce platform Nureca is currently trading at Rs. 358.25, up by 24.00 points or 7.18% from its previous closing of Rs. 334.25 on the BSE. The scrip opened at Rs. 335.35 and has touched a high and low of Rs. 375.25 and Rs. 334.80 respectively. So far 35573 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 468.25 on 26-Dec-2023 and a 52 week low of Rs. 240.90 on 04-Jun-2024. Last one week high and low of the scrip stood at Rs. 37...
Nureca jumps on entering into distribution agreement to make products available on commerce platform
Nureca jumps on entering into distribution agreement to make products available on commerce platform
Source: Accord Fintech
2024-09-17 02:18:45 pm
Stock of the day : Firstsource Solution Ltd For Target Rs. 345 - Religare Broking Firstsource Solution Ltd * FSL witnessed a sharp rally following its breakout from a corrective price pattern in July 2024. * It has been trading in a narrow consolidation range, after a dip from its all -time high level. * It has now recorded a decisive breakout from the same with strong volumes suggesting resumption of uptrend. * Traders can consider fresh longs in the mentioned range.   Buy Firstsource Solution Ltd CMP 328.75 Range 327-32...
Stock of the day : Firstsource Solution Ltd For Target Rs. 345 - Religare Broking
Stock of the day : Firstsource Solution Ltd For Target Rs. 345 - Religare Broking
Source: Religare Broking
2024-09-11 10:46:39 am
Krishna Institute rises as its arm enters into lease agreement with Sree Chand Specialty Hospitals Krishna Institute of Medical Sciences is currently trading at Rs. 2685.00, up by 29.05 points or 1.09% from its previous closing of Rs. 2655.95 on the BSE. The scrip opened at Rs. 2692.95 and has touched a high and low of Rs. 2692.95 and Rs. 2655.00 respectively. So far 522 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,692.95 on 09-Sep-2024 and a 52 week low of Rs. 1625.05 on 16-Oct-2023. Last one week high...
Krishna Institute rises as its arm enters into lease agreement with Sree Chand Specialty Hospitals
Krishna Institute rises as its arm enters into lease agreement with Sree Chand Specialty Hospitals
Source: Accord Fintech
2024-09-09 10:07:54 am
Healthcare sector value chain can boost Indian pharma exports: Commerce Secy  While India is already known as the 'pharmacy of the world', the country also has huge scope to enter the global value chain system to further boost exports of pharma products, said Sunil Barthwal, Secretary, Union Ministry of Commerce and Industry on Thursday.  He said this during an interaction with pharma sector industry leaders at the ongoing three-day International Pharmaceutical Exhibition (IPHEX) jointly organised by the Pharmaceutical Export Promotion Council and...
Healthcare sector value chain can boost Indian pharma exports: Commerce Secy
Healthcare sector value chain can boost Indian pharma exports: Commerce Secy
Source: IANS
2024-08-29 04:22:20 pm
Procter & Gamble Hygiene declines as its net profit falls 46% in June quarter Procter & Gamble Hygiene and Health Care is currently trading at Rs. 16526.95, down by 453.85 points or 2.67 % from its previous closing of Rs. 16980.80 on the BSE. The scrip opened at Rs. 16805.25 and has touched a high and low of Rs. 16805.25 and Rs. 16342.00 respectively. So far 749 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 19086.20 on 20-Nov-2023 and a 52 week low of Rs. 15306.15 on 14-Mar-2024. L...
Procter & Gamble Hygiene declines as its net profit falls 46% in June quarter
Procter & Gamble Hygiene declines as its net profit falls 46% in June quarter
Source: Accord Fintech
2024-08-29 11:56:52 am
Rural electrification, healthcare boost consumption at district level in India As private consumption growth surges across sectors in India, especially in the rural economy, a report revealed on Tuesday that 60 per cent of households with annual income above Rs 5 lakh are in the top 20 per cent (150) districts in the country.  The findings showed that the rural electrification across the county grew significantly from 17 per cent to 30 per cent in the last four years, thus lifting the economy and enhancing the quality of life. Healthcare infrastructure witnes...
Rural electrification, healthcare boost consumption at district level in India
Rural electrification, healthcare boost consumption at district level in India
Source: IANS
2024-08-27 04:45:30 pm
Health Care Services : Diagnostics : A steady pricing regime continues by Kotak Institutional Equities Diagnostics: A steady pricing regime continues Our latest diagnostics pricing exercise across seven cities suggests continued stability in pricing trends, in sync with the higher pricing sanity seen over the past 1.5 years. Even as the pricing differential of listed incumbents with the online players stays elevated at 2-2.7X, an increasingly benign competitive landscape alleviates any major concerns on structural volume growth and margins of DLPL and METROHL. Given elevated valuations, we ...
Health Care Services : Diagnostics : A steady pricing regime continues by Kotak Institutional Equities
Health Care Services : Diagnostics : A steady pricing regime continues by Kotak Institutional Equities
Source: Kotak Institutional Equities
2024-08-22 09:15:45 am
Sequent Scientific jumps on receiving WHO prequalification approval for Albendazole API Sequent Scientific is currently trading at Rs. 168.65, up by 11.30 points or 7.18% from its previous closing of Rs. 157.35 on the BSE. The scrip opened at Rs. 166.55 and has touched a high and low of Rs. 175.00 and Rs. 165.00 respectively. So far 372135 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 175.00 on 20-Aug-2024 and a 52 week low of Rs. 86.03 on 13-Sep-2023. Last one week high and low of the scrip stoo...
Sequent Scientific jumps on receiving WHO prequalification approval for Albendazole API
Sequent Scientific jumps on receiving WHO prequalification approval for Albendazole API
Source: Accord Fintech
2024-08-20 10:50:02 am
Coal sector PSUs step up healthcare drive for poor with Rs 800 crore CSR budget Coal India Limited (CIL), its subsidiaries, NLCIL are making a profound impact on community well-being, with an annual commitment of approximately Rs 800 crore towards Corporate Social Responsibility (CSR) initiatives related to healthcare, education, environment sustainability and women empowerment, according to a Coal Ministry statement issued on Monday.    CIL's flagship health initiative, the Thalassemia Bal Sewa Yojana (TBSY), has reached a significant milestone with the...
Coal sector PSUs step up healthcare drive for poor with Rs 800 crore CSR budget
Coal sector PSUs step up healthcare drive for poor with Rs 800 crore CSR budget
Source: IANS
2024-08-20 09:55:55 am
75,000 new medical seats in next 5 years: PM Narendra Modi  In a bid to boost healthcare in India, Prime Minister Narendra Modi, in his address to the nation on Independence Day on Thursday, promised to create 75,000 more medical seats over the next five years, adding to the existing over one lakh seats in the country.  "In the last 10 years we have increased the number of medical seats to nearly 1 lakh in the country," PM Modi said while delivering his eleventh Independence Day speech from the ramparts of the Red Fort. He l...
75,000 new medical seats in next 5 years: PM Narendra Modi
75,000 new medical seats in next 5 years: PM Narendra Modi
Source: IANS
2024-08-15 12:02:05 pm
AI in Indian healthcare market to reach $1.6 billion by 2025 Artificial intelligence (AI) in the Indian healthcare market is growing at a compound annual growth rate (CAGR) of 40.6 per cent and is estimated to reach $1.6 billion by 2025, a report showed on Tuesday.  Expected to reach $650 billion by 2025, the overall healthcare sector in India has been growing at a CAGR of 22.5 per cent between 2016 to 2022 and is diversifying in terms of products, services, and markets, according to the report by Nasscom and Kantar. AI technology promises a...
AI in Indian healthcare market to reach $1.6 billion by 2025
AI in Indian healthcare market to reach $1.6 billion by 2025
Source: IANS
2024-08-13 05:48:36 pm
WHO collaboration boosts India's position as leader in healthcare innovation: Minister The partnership with the World Health Organisation (WHO) for the production of medical devices strengthens India's position as a leader in healthcare innovation, the government has said.  Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, said that despite producing indigenous devices, we need to produce them at the required volume to meet the growing demand. Towards this, an MoU has been signed between Sree Chitra Tirunal Institute for ...
WHO collaboration boosts India's position as leader in healthcare innovation: Minister
WHO collaboration boosts India's position as leader in healthcare innovation: Minister
Source: IANS
2024-08-10 09:42:11 am
Indian hospital industry’s financial profile to remain healthy in FY25 Backed by sustained healthy demand for healthcare services and continued market share gains for organised players, the aggregate occupancy for the Indian hospital industry will remain strong at 61-63 per cent in the financial year 2025, according to a report by rating agency ICRA on Thursday.  New Delhi, Aug 8 (IANS) Backed by sustained healthy demand for healthcare services and continued market share gains for organised players, the aggregate occupancy for the Indian hospital industr...
Indian hospital industry’s financial profile to remain healthy in FY25
Indian hospital industry’s financial profile to remain healthy in FY25
Source: IANS
2024-08-08 02:48:14 pm
India's Dr Lal PathLabs tops Q1 profit estimates on strong testing demand  Dr. Lal PathLabs reported first-quarter profit above expectations on Wednesday on strong demand for its medical tests in smaller cities and towns amidst rising awareness for health and wellness in India. Shares of the diagnostic firm rose as much as 6% to hit the day's highest, before closing up 3.4%. Consolidated net profit rose 28% to 1.06 billion rupees (around $13 million) for the quarter ended June 30, beating analysts' estimate of 992.7 million rupees, per LSEG. &...
India's Dr Lal PathLabs tops Q1 profit estimates on strong testing demand
India's Dr Lal PathLabs tops Q1 profit estimates on strong testing demand
Source: Reuters
2024-08-07 04:58:45 pm
India emerging as top affordable healthcare destination, global pharma leader: Minister India is emerging as a top cost-effective healthcare destination and, at the same time, a leader in the global pharmaceutical industry, Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, said on Tuesday.  Addressing the ‘Global MedTech Summit 2024,’ organised by the Confederation of Indian Industry (CII) in the national capital, the minister spoke about the transformation in healthcare brought about in recent times.  "P...
India emerging as top affordable healthcare destination, global pharma leader: Minister
India emerging as top affordable healthcare destination, global pharma leader: Minister
Source: IANS
2024-08-07 09:53:42 am
Tata Elxsi gains on tying up with Skanray to advance surgical imaging, healthcare innovation Tata Elxsi is currently trading at Rs. 6799.60, up by 27.50 points or 0.41% from its previous closing of Rs. 6772.10 on the BSE. The scrip opened at Rs. 6755.15 and has touched a high and low of Rs. 6885.05 and Rs. 6755.15 respectively. So far 3399 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9191.10 on 18-Dec-2023 and a 52 week low of Rs. 6406.60 on 04-Jun-2024. Last one week high and low of the scrip stood...
Tata Elxsi gains on tying up with Skanray to advance surgical imaging, healthcare innovation
Tata Elxsi gains on tying up with Skanray to advance surgical imaging, healthcare innovation
Source: Accord Fintech
2024-08-06 02:53:45 pm
Strides Pharma Science climbs as its arm to acquire balance 81% stake in Consumer UK Strides Pharma Science is currently trading at Rs. 1075.80, up by 36.30 points or 3.49% from its previous closing of Rs. 1039.50 on the BSE. The scrip opened at Rs. 1027.15 and has touched a high and low of Rs. 1079.00 and Rs. 1027.15 respectively. So far 7973 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1120.30 on 30-Jul-2024 and a 52 week low of Rs. 412.45 on 18-Aug-2023. Last one week high and low of the ...
Strides Pharma Science climbs as its arm to acquire balance 81% stake in Consumer UK
Strides Pharma Science climbs as its arm to acquire balance 81% stake in Consumer UK
Source: Accord Fintech
2024-08-06 12:38:59 pm
ZIM Laboratories gains on getting nod to invest in SIA ZIM Laboratories ZIM Laboratories is currently trading at Rs. 114.30, up by 0.40 points or 0.35% from its previous closing of Rs. 113.90 on the BSE. The scrip opened at Rs. 110.50 and has touched a high and low of Rs. 114.30 and Rs. 106.70 respectively. So far 25493 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 151.75 on 04-Aug-2023 and a 52 week low of Rs. 89.90 on 13-Mar-2024. Last one week high and low of the scrip stood a...
ZIM Laboratories gains on getting nod to invest in SIA ZIM Laboratories
ZIM Laboratories gains on getting nod to invest in SIA ZIM Laboratories
Source: Accord Fintech
2024-08-05 11:18:15 am
India's Aster DM Healthcare's Q1 profit rises on strong flu season-led demand  Indian hospital chain operator Aster DM Healthcare reported a rise in first-quarter profit on Wednesday, helped by higher occupancy during the flu season. The company's quarterly consolidated profit from continuing operations surged 81.3% to 810 million rupees ($9.7 million) from a year ago. This excludes a gain of 51.48 billion rupees in the first quarter from the sale of its Gulf business. Revenue from operations climbed 19% to 10.02 billion rupees, the company said. KEY ...
India's Aster DM Healthcare's Q1 profit rises on strong flu season-led demand
India's Aster DM Healthcare's Q1 profit rises on strong flu season-led demand
Source: Reuters
2024-08-01 12:15:19 pm
Dr Reddy's posts 1 pc drop in net profit at Rs 1,392 crore in Q1, revenue up 14 pc Dr Reddy's Laboratories on Saturday posted Rs 1,392 crore in net profit for the April-June quarter (year-on-year), down 1 per cent from Rs 1,402.5 crore in the same period in last fiscal.  The company clocked a 14 per cent rise in revenue in Q1 FY25 at Rs 7,672 crore, from Rs 6,738 crore in the same quarter last fiscal. “We had a good start to the new fiscal year and our growth and profitability was mainly driven by our generics business,” said GV Prasad, Co-Chairma...
Dr Reddy's posts 1 pc drop in net profit at Rs 1,392 crore in Q1, revenue up 14 pc
Dr Reddy's posts 1 pc drop in net profit at Rs 1,392 crore in Q1, revenue up 14 pc
Source: IANS
2024-07-27 05:55:04 pm
Union Budget 2024: Government to exempt three more cancer drugs from customs duty In a big relief to cancer patients, Union Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2024, exempted customs duty on three cancer drugs.  The three drugs are Trastuzumab deruxtecan, Osimertinib and Durvalumab. The reduction in customs duty may help reduce the financial burden on those battling the deadly disease. In her seventh budget speech, the Union Minister also called for exemptions in custom duties on X-ray tubes and flat panel detectors. "I...
Union Budget 2024: Government to exempt three more cancer drugs from customs duty
Union Budget 2024: Government to exempt three more cancer drugs from customs duty
Source: IANS
2024-07-23 03:21:05 pm
Union Budget: Experts urge government to remove 18 pc GST on mental health services The government must remove or limit the 18 per cent Goods and Services Tax (GST) on mental health services, and allocate resources strategically to help India become a mentally resilient society, experts said on the eve of Union Budget presentation on Monday.  Mental health is a key area of concern that can have a significant impact on the productivity and economy of the country. “Mental health issues are highly prevalent, yet are poorly managed and are affecting a significan...
Union Budget: Experts urge government to remove 18 pc GST on mental health services
Union Budget: Experts urge government to remove 18 pc GST on mental health services
Source: IANS
2024-07-22 05:46:26 pm
India's healthcare needs greater allocation of funds: Experts India's healthcare sector requires more allocation of funds for better research and to provide better facilities to a vast number of people, said experts on Monday, a day ahead of the Union Budget.  Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2024 on July 23. Currently, India's public healthcare spending remains low with just 1.6 to 1.8 per cent of the Gross Domestic Product (GDP). But a higher allocation is needed, said the experts. "...
India's healthcare needs greater allocation of funds: Experts
India's healthcare needs greater allocation of funds: Experts
Source: IANS
2024-07-22 03:09:01 pm