India TV

Hospital sector stock below Rs 300 in focus as firm expands footprint with 28-year agreement in Kanpur

Shares of hospital chain Park Medi World Ltd will be on investors' radar as the company has informed exchanges that it wholly owned subsidiary will operate and manage a 300-bed multi-super speciality hospital in Kanpur district of Uttar Pradesh. Amid this, the stock opened in the red at Rs 276.05, with a drop of Rs 3.2 or 1.14 per cent from the previous close of Rs 279.25 on the BSE. However, it gained to touch the high of Rs 281.05, representing a gain of Rs 1.8 or 0.64 per cent. However, the stock soon witnessed profit booking and dipped to touch the intraday low of Rs 272.70. Last seen, the stock was trading at Rs 274.90 with a fall of Rs 4.35 or 1.56 per cent. The market cap of the company stood at Rs 11,873.78 crore.