This Healthcare Company to Announce Stock Split This Friday: 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 Friday, 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 Tuesday Krishna Medical Institution Ltd (KIMS) shares closed the day at Rs 2128.50 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.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Related articles
-
Stock Split Likely to Be Announced by Company Today; Keep This Stock on Your Radar!
-
5:1 Stock Split Announced by This Small-Cap Company; FIIs Bought 11,66,846 Shares!
-
10:1 Stock Split: Company Announces Record Date for Share Split; Promoters Bought 28,708 Shares & FIIs Purchased 65,245 Shares!
-
Stock Split Likely to be Announced by this Infralogistic Company on July 1; Stock Gains Over 395 per cent in Just 1 Year
-
10:1 Split Announcement: Heavy Buying, Stock Gains Over 600 per cent in Just 6 Months – Complete Details Inside!
-
1:2 Stock split and 300 per cent dividend announcement: Stock gains over 190 per cent in just 1 year, FIIs and DIIs increase stake!
-
Board likely to announce stock split: Meeting scheduled for May 2024, Stock gains over 500 per cent!
-
220 per cent multibagger returns in just six months: Board likely to announce stock split, Profit surged by 47 per cent in FY24!
-
3:1 Bonus Shares Announced by Small-Cap Multibagger Company; Stock Gains Over 250 per cent in Just 1 Year!
-
4:1 Bonus Share & 10:1 Split: Stock Hits Upper Circuit for 13 Consecutive Trading Days; Stock Gains Over 270 Per cent in Just 3 Months Only
-
Penny Stock Under Rs 5: Back-to-Back Upper Circuit Multibagger Stock with 2:1 Bonus Shares and 10:1 Stock Split
-
2:1 Bonus Issue & 10:1 Stock Split: Multibagger Penny Stock Under Rs 5 Hits Upper Circuit Today; Keep it on Radar
-
10:1 Stock Split: This Microcap Launches New Product Transforming India’s 27.49 Crore Consumers; Complete Details Inside
-
4:1 Bonus Share & 10:1 Stock Split: Heavy Buying Hits Back-to-Back Upper Circuit Stock - Keep on Radar for Monday!
-
5:1 Stock Split & 1:2 Bonus Issue Announced by This Small-Cap Infra Company; Stock Gains Over 670 per cent; Must Watch!
-
10:1 Stock Split: Small-Cap Company Announces Record Date for Share Split; Stock Surges Over 830 per cent in Just 1 Year!
-
2:1 Stock Split & 1:2 Bonus Issue Announced by This Small-Cap Engineering Company; Stock Gains Over 1,100 per cent in Just 2 Years!
-
This Small-cap Company Announces Share Split; Stock Surged 20 per cent and Hits Upper Circuit Today with Heavy Volumes – Complete Details Inside!
-
1,79,000 per cent Multibagger Returns: 10:1 Stock Split, This Offshore Oil and Gas Stock Generated Exceptional Wealth for Shareholders; Must Watch
-
Board Likely to Announce Stock Split on June 17, 2024; Heavy Buying, Stock Hits Upper Circuit Today; Must-Watch