Intraday Spotlight: This healthcare stock jumped over 5 per cent today

The company was a leading gainer in A group in the early morning session.

Aster DM Healthcare Ltd, engaged in providing healthcare services, had jumped by over 5 per cent in today’s early morning session from its previous close of Rs 167.10. The stock opened at Rs 168 and has made its day high of Rs 181.60. As of 11:30 am today, the stock was trading near Rs 173 on the BSE. It was today’s top gainer from the A group only to be overtaken by fellow healthcare company Healthcare Global Enterprises (up by 9.4 per cent).  

When the markets continue to tumble due to the global situation and FIIs withdrawals, this healthcare stock has rallied on the backs of its partnership with Oman Insurance which is one of the leading insurance providers in UAE. For the quarter ended December, the company reported a growth of 19 per cent in revenues and a 57.5 per cent jump in net profit on a YoY basis. 

Aster DM Healthcare is known for providing quality healthcare services in India, the Middle East and the Philippines. It is one of the fast-growing conglomerates in the MENA region. The stock has a 52-week high and low of Rs 237.25 and Rs 132.55, respectively.