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metropolis healthcare share price: Add Metropolis Healthcare, target price Rs 2687: ICICI Securities

Metropolis Healthcare Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 13524.74 Crore) operating in Hospitals & Allied Services sector. ....

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Metropolis Healthcare advances 14%, hits new high on healthy Q4 results

Shares Metropolis Healthcare rallied 14 per cent to Rs 2,613 on the BSE in intra-day trade on Friday after the company reported nearly four-fold jump in consolidated net profit at Rs 61.3 crore in the March quarter (Q4FY21), on the back of healthy operational performance. The company, a leading diagnostic service provider, had profit of Rs 15.5 crore in the year-ago quarter. The stock surpassed its previous high of Rs 2,605, touched on May 12, 2021.
Revenue from operations grew 42 per cent year on year (YoY) at Rs 291.80 crore in Q4FY21, against Rs 206.10 crore in the corresponding quarter of previous year. Reported EBITDA (earnings before interest, taxes, depreciation, and amortisation) margins expanded by 820 basis points (bps) YoY at 33.2 per cent on the back of increased scale of business, strong cost optimization and automation efforts. ....

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Stocks to watch: HDFC Bank, Metropolis Healthcare, Wipro, Airtel, DHFL

Here are the top stocks to track in today s session:
HDFC Bank: The private lender, on Saturday, reported an 18.1 per cent year-on-year increase in net profit to Rs 8,758.3 crore for the quarter ended in December 2020. That apart, the bank said it has imposed a penalty of Rs 10.20 lakh on its senior executive Jimmy Tata for selling his shares in violation of insider trading regulations.
Q3 earnings: Mindtree, Rallis India, Indiabulls Real Estate, IndiaMart, Trident and Snowman Logistics are among the 21 companies that will release their December quarter numbers today.
Metropolis Healthcare: Diagnostic chain Metropolis Healthcare said it will acquire Dr Ganesan s Hitech Diagnostic Centre to strengthen its leadership position in southern India. The company s board has approved the acquisition partly by way of cash consideration of Rs 511 crore and partly by issuance of up to 4,95,000 equity shares to the promoter group of Hitech. ....

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Metropolis Healthcare Share Price Gains 5% On Acquiring Hitech Diagnostic Centre

Metropolis Healthcare Share Price Gains 5% On Acquiring Hitech Diagnostic Centre
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

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