Stocks

Narayana Hrudayalaya shares fall 1.6%

BL Internet Desk Chennai | Updated on January 09, 2018

Shares of Narayana Hrudayalaya ended lower despite the company announcing out a Rs 500-crore investment plan.

After opening strong at Rs 302.60 against the previous close of Rs 298.90, the scrip touched intraday high of Rs 302.60 and a low of Rs 292. The shares ended down by 1.64 per cent at Rs 294 on the BSE.

“After acquiring Health City, Cayman Islands, which is our sole overseas venture so far, we now plan to consolidate our domestic presence by entering high-value markets like Delhi-NCR and Mumbai. We’re also exploring opportunities in Africa,” Narayana Hrudayalaya’s Vice-Chairman and Managing Director, Ashutosh Raghuvanshi, told PTI here over the weekend.

He said domestic expansion will be through a cluster-based approach and the initial focus will be Delhi-NCR.

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(With inputs from PTI)

Published on November 20, 2017

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