Aster DM spurts on Q1 earnings

about 4 months ago
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Aster DM Healthcare, which got listed on the bourses on 26th Feb’18 is doing well today. The stock price rose over 6.5% to Rs.180.20, which is Rs.14 away from its 52-week high of Rs.194.

The stock is in the limelight following its performance for Q1FY19. The company posted a turnaround with  a net profit of Rs.12 crore v/s loss of Rs.77 crore (YoY) on a 14% rise in revenue at Rs.1775 crore. EBITDA for the quarter was at Rs.124 crore v/s loss of Rs.40 crore.

The stock had a muted listing at Rs.182.10 on the BSE, a discount of over 4% to IPO price of Rs.190. Even today, its intra day high is lower than its IPO price.

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