RAINBOW CHILDREN S HOSPITAL

1994 to 2024 is a difference of 30 years, but there is one thing which has remained constant, advice to move to defensive stocks when markets are volatile or there is an event risk. Four questions need to be asked; first, what is a defensive stock? ...

Anand Rathi initiates coverage on 6 hospital stocks, recommending 'buy' for Max Healthcare, Rainbow Children’s Medicare, KIMS, and Jupiter Life-Line Hospitals, while suggesting 'hold' for Global Health (MEDANTA) and Narayana Hrudayalaya. They cite I...

The Supreme Court's diktat comes as a negative surprise for the hospitals as their pricey valuations have triggered panic on D-Street as investors rushed to book profits in these counters. Hospital stocks were trading with deep cuts on Friday

Private hospitals express apprehensions over Supreme Court intervention to curb charges. There is wide variation in treatment cost between government and private healthcare facilities. Association of Healthcare Providers has raised concerns and urge...

“Rainbow Children's Medicare stock has been in an ascending trend and is rising gradually. It took support near the important 50-EMA level of 1185. Traders can buy for a target of Rs 1350-1500,” Vaishali Parekh, Vice President - Technical Research, ...

The stock hit a fresh record high of Rs 1,468 on February 19, 2024, but witnessed some profit-taking thereafter. However, the technical setup suggests that as long as the stock trades above 50-DMA, bulls should be able to make a comeback.

Rainbow currently has a capacity of 1,655 beds, of which 1,290 beds are operational. The expansion is part of its plan to add 1,000 beds in four years, which includes two greenfield hospitals in Gurgaon with 400 beds at a capex of ₹550 crore, which ...

“In a lot of segments, we will see clear divergence into what would earlier have been thought as essential spending and more luxury and high-ticket spending. We are reorienting our portfolios based on some of these themes, which is part of a broader...

Saurabh Mukherjea recently added Trent Rainbow Children’s Medicare to his portfolios in Augusts. Shares of Tata Group-owned retailer Trent have more than doubled in just two years while smallcap Rainbow has more than doubled from its IPO issue price...

The report is based on the agency's sample of nine listed hospital chains -- Apollo Hospitals, Aster DM Healthcare, Fortis Healthcare, Healthcare Global Enterprises, Krishna Institute of Medical Sciences, Max Healthcare, Narayana Hrudayalaya, Rainbo...

During the Covid phase, while beds of hospitals were full, their bottomlines did not grow much. That’s because of pricing restrictions and other issues. After Covid, as elective surgeries and other services restarted, growth is back on the table for...

Life Insurance Corporation of India, the country's largest insurer, has increased its stake in HDFC to over 5 per cent following the acquisition of shares from the open market.

The NSE Nifty index closed 4.95 points up at 18701.05

Santosh Meena, Head of Research, Swastika Investmart, said the company’s muted listing can be attributed to volatile and negative market sentiments and a lack of investor interest in hospital businesses.

The NSE Nifty index was trading 0.0 points at 16301.85

According to market watchers, who track grey markets, the gloom in broader markets, in-line valuations and growth concerns are hurting the listing prospects of the company.

Through its initial public offering (IPO), Rainbow Children's Medicare raised Rs 1,580.85 crore by offering its shares in the range of Rs 516-542 apiece. The issue was open for subscription between April 27-29.

Rainbow Children's Medicare is issuing fresh equity shares worth Rs 280 crore, whereas existing promoters and shareholders are offloading 24,000,900 equity shares aggregating up to Rs 1,300.85 crore.

The IPO consists of issuance of fresh equity shares aggregating to Rs 280 crore and an offer for sale (OFS) of up to 24 million equity shares by promoters and existing shareholders of the company.