This healthcare stock hit a 52-week high today; do you hold it?

Since its Q2FY23 results announcement, the stock has rallied more than 14 per cent in just two trading sessions.

On Tuesday, shares of Krishna Institute of Medical Sciences Ltd hit a fresh 52-week high. The stock opened at Rs 1580 and made an intraday high and low of Rs 1669.1 and Rs 1580, respectively.  

On November 12, the company announced its September Quarterly Results. Since the result announcement, the shares of Krishna Institute of Medical Sciences have rallied more than 14 per cent in just two trading sessions.  

For the recent quarter Q2FY23, on a consolidated basis, the total revenue from operations increased 37 per cent YoY and 13.8 per cent sequentially to Rs 573 crore. The EBITDA margin remained stable at 26.6 per cent compared to 26.5 per cent in Q2FY22.  

The company’s net profit increased by 25.89 per cent YoY from Rs 84.25 in Q2FY22 to Rs 106 crore in Q2FY23. In all, the company had reported a good set of numbers.  

KIMS Hospitals is one of India's largest corporate healthcare groups, with hospitals in Telangana, Andhra Pradesh, and Maharashtra. It offers budget-friendly multi-disciplinary integrated healthcare services, with a primary focus on tertiary and quaternary healthcare.  

About the shareholding pattern, 38.85 per cent of the company’s stake is owned by the promoters, 10.17 per cent by FIIs, 27.97 per cent by DIIs, and the rest 23.01 per cent by non-institutional investors.   

The company has a market capitalisation of Rs 13147 crore and is trading at a PE multiple of 51.74x.