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“Hospitals are a wonderful business. In fact, I do not think many people in the investing Street understand that barring FMCG, the only other sector that has negative working capital is hospitals. So the negative working capital indicates that when your profits grow by Rs 100, your cash flow grows by Rs 120 or Rs 110. And that is a fantastic business to be in as an investor. ”
RPG Life Sciences reported a net profit of Rs 25.9 crore, higher by 29.5 percent year-on-year
At RPG his focus areas will be: Strategizing and implementing an enterprise-wide transformation leading to a digital, agile organisation, identifying opportunities to leverage emerging technology impacting key business functions and promotion of digital and data-first thinking across enterprise functions, and drive change management.
Top mutual funds bought fresh stakes in Inox Wind, BSE, RPG Life Sciences, Shivalik Bimetals Control and Thomas Cook (I) and hiked their holdings in Suzlon Energy, Minda Corp, SJS Enterprises and Medplus Health Services, according to a Nuvama report
The index experienced a sharp correction from higher levels, and the resistance at 19800 is acting as a significant barrier for the bulls. However, the bulls are attempting to defend the index from lower levels and prevent further downside. If the index breaks below the support level of 19550, it may indicate further correction towards the 19400 levels, suggesting continued bearish sentiment in the market.The current trading range for the index is between 19550 and 19800. A break on either side of this range will likely lead to trending moves in the market. Traders should closely monitor the i...