Stock Split Likely to Be Announced by Company Today; Keep This Stock on Your Radar!

FIIs stake increased from 15.27 per cent to 16.73 per cent in the recent quarter.

Krishna Medical Institution Ltd (KIMS), incorporated in 1973, ranks among the largest corporate healthcare groups in Andhra Pradesh and Telangana based on patient volume and breadth of services. The company provides comprehensive healthcare services across 2-3 tier cities, including primary, secondary, and tertiary care, and operates additional quaternary healthcare facilities in tier-1 cities.

The Board of Directors meeting is scheduled for today that is June 28, 2024, to review the proposal for sub-division or stock split of each existing fully paid-up Equity Share with a face value of Rs 10 into 5 Equity Shares valued at Rs 2 each.

Share Performance:

On Friday Krishna Medical Institution Ltd (KIMS) shares are trading at around Rs 2129 per share. The company’s current market capitalization stands at Rs 17,033.91 crore. The stock has delivered a return of over 84 per cent in just 2 years only.

Financial performance:

According to the Quarterly Results, in Q4 FY24, Krishna Medical Institution Ltd (KIMS) reported a revenue of Rs 634 crore and an operating profit of Rs 159 crore. The operating profit margin for the quarter stands at 25 per cent. The company’s net profit stood at Rs 71 crore. In FY24, the company reported a revenue of Rs 2498 crore compared to Rs 2198 crore, and a net profit of Rs 336 crore, compared to a profit of Rs 366 crore in the previous year.

Investors must keep this Mid-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.