Aster DM Healthcare inches up as its arm signs lease agreement for greenfield hospital project in Kerala

Aster DM Healthcare is currently trading at Rs. 184.95, up by 0.90 points or 0.49% from its previous closing of Rs. 184.05 on the BSE.

Aster DM Healthcare
Aster DM Healthcare

The scrip opened at Rs. 185.25 and has touched a high and low of Rs. 186.10 and Rs. 183.65 respectively. So far 25493 shares were traded on the counter.

Aster DM Healthcare The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 237.25 on 14-Sep-2021 and a 52 week low of Rs. 132.55 on 26-Mar-2021.

Last one week high and low of the scrip stood at Rs. 191.30 and Rs. 181.00 respectively. The current market cap of the company is Rs. 9253.48 crore.

The promoters holding in the company stood at 37.88%, while Institutions and Non-Institutions held 19.40% and 42.71% respectively. Aster DM Healthcare

Aster DM Healthcare’s material subsidiary — Malabar Institute of Medical Sciences has signed lease agreement for a greenfield hospital project in Kasaragod district of Kerala. An initial investment of around Rs 140 crore are estimated for the new facility, which will include a 200-bed comprehensive tertiary care facility, with the option of expanding to a quaternary facility in the future. The Aster Hospital is expected to be operationalised in two and half years.

As the first tertiary hospital in Kasaragod district, the upcoming hospital will provide 24×7 emergency and critical care as well as super specialities like Neurosciences, Multi-Organ Transplantation, Oncology, Gastro Sciences, Cardiac Sciences, Pulmonology, Interventional Radiology, Women & Children among others. The hospital will have state-of-the-art equipment and technology including PET, CT Scan, MRI, and ECMO. Additionally, it will have Cath Labs, Dialysis, Modular Operating Theatres, Ultrasound, Adult, Neonatal and Pediatric ICUs, as well as pharmacy and diagnostic facilities available 24 hours a day.

Aster DM Healthcare operates as a healthcare company in the Middle East, India, and the Far East. It operates hospitals and clinics, pharmacies, diagnostic centers, educational institutions, and healthcare management and healthcare support systems.

Leave a Comment