SUPER SPECIALTIES
Finally coming out of the woods? 6 mid and smallcap stocks from the much less talked paper industry
Remember a company called Ballarpur industry ltd or commonly known as ( BILT) from Thapar group. From being a blue chip and part of indices going through a corporate insolvency resolution process under IBC. There are some industries which at one point of time were considered to be safe haven. Best of the industrial houses used to run them and the street used to treat their stocks as blue chips. Then came a time, both due to dumping by China and other factors, that the whole sector went into dumps and just never recovered for decades; both in real business and also on the street. Now when an industry stays in deep trouble for a long time, there are some players who are able to survive. How do they do it? either by changing the way they operate in terms of management ability, by adding new products or any others. The paper industry has been facing multiple challenges, now after years of consolidation in which many players exited, there are few left and have achieved a scale. Numbers are reflecting it, when will the street start to have a look at then more kindly is the question.
Max Healthcare Q4 Results: Net profit drops 3% YoY to Rs 311 crore
Max Healthcare's Q4FY24 net profit dips 3% YoY to Rs 311 crore, attributed to lower effective tax rate in Q4FY23 and new unit losses. Gross revenue rises 15% YoY to Rs 1,890 crore.
Hospital chain Artemis Medicare raises Rs 330 crore from IFC
Artemis Medicare Services has raised Rs 330 crore from IFC to increase bed capacity and introduce advanced specialty services. The company plans to set up cardiac care centers, expand in tier 2 and 3 cities, and in the Delhi NCR region through brownfield and greenfield opportunities. Artemis operates 713 beds in the Delhi NCR region and runs seven centres under the Artemis Cardiac Care brand in a joint venture with Philips.
Max Healthcare readies Rs 5,500-crore outlay for capacity expansion
Max Healthcare has 4,000 beds, mainly concentrated in Delhi NCR. Of the fresh capacity, about 2,600 beds will become available over the next four years. The hospital chain is planning to open 300 beds in Delhi shortly besides commissioning 1,000 beds each in FY25 and FY26.
GPT Healthcare shares list at 16% premium over IPO price
GPT Healthcare Share Price: GPT Healthcare's IPO debuted with a 16.2% premium. It raised Rs 525 crore for prepayment/repayment of borrowings. The company operates four multispecialty hospitals. Revenue grew at 53.87% CAGR. Three-month total income was Rs 97.63 crore, net profit was Rs 9.98 crore.
HCG stake sale: A big acquisition deal likely coming up for HCG as EQT, TPG and KKR eye majority stake
A rising middle-class and an aging population have boosted demand for private medical services across Asia, which in turn, is seeing massive consolidation and heightened deal activity in the healthcare sector.
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NEET-SS: SC notice to Centre, others on plea seeking direction to conduct third round of counselling
A bench of Justices B R Gavai and Sandeep Mehta agreed to hear the petition filed by these doctors who said they qualified for the all-India quota in the NEET-SS, 2023-2024 entrance examination held in September last year and have been allotted seats in various super specialty courses after the first and second round of counselling.
NEET Super Specialty 2023 Counselling: Round 2 reporting deadline extended. MCC notification here
The Medical Counselling Committee (MCC) extended the reporting date for NEET SS 2023 Counselling Round 2 to January 5. Candidates can find details on mcc.nic.in. Initially set for December 31, 2024, the deadline is now extended, considering multiple requests from candidates. The official notice confirms the extension until 6 pm on January 5, 2024, accommodating candidates' reasons for the request.
Pacific outreach: India pushes infra projects including super speciality hospital in Fiji
India and Fiji are set to enhance their ties, particularly in the health sector, as discussed in a meeting between Fiji's Deputy Prime Minister Biman Prasad and a delegation from India’s Ministry of External Affairs. The focus is on the construction of a proposed 100-bed Super Specialty Hospital in Nasinu, with collaboration from Fiji's Ministries of Finance, Health, Lands and Mineral Resources, and iTaukei Affairs
As tyre stocks race ahead, their supply chain stocks cannot be left behind: 3 stocks from carbon black industry
Tyres stocks have been doing very well on the street. The demand from OEM and replacement markets have been strong which is keeping their cash registers ringing. So, the companies which are supplying raw material to tyre companies are also witnessing tail winds. These are B2B players which are into manufacturing carbon black and because they are not consumer facing businesses, these companies don't come into the limelight even when they are doing well.
Barista and Massive Restaurants collaborate with Fudr to launch food ordering and payment app
Founded by technology and marketing professionals Aayush Khandpur, Prem Lokesh, Shobhit Marwah, and Akshat Khandpur, Fudr helps F&B brands build their app economies through its software as a service app builder stack that is fully integrated with POS and payment systems.
Specialty pharmacy MrMed raises $500,000 from Tamil Nadu Emerging Sector Seed Fund
Mr Med will use the funds for team expansion, marketing measures and exploring new ventures of pharma supply chain.
Gradually raise exposure to smallcaps & midcaps; selectively buy in chemicals, realty: Gaurav Dua
Gaurav Dua recommends buyers to be selective in chemicals, focusing on specialty companies over commoditised players. Gujarat Fluoro is their stock pick, which offers substantial growth for the next couple of years. Dua sees a big opportunity in banking and private banks such as HDFC and Kotak, which he prefers over ICICI Bank due to their scope for better upside.
MrMed launches mobile app for access to affordable super-specialty medicines
This launch will ensure that the patients and caregivers across India have access to over 5,000 speciality medicines.
Marengo Asia acquires 250 beds Gurugram multi-specialty hospital
Marengo Asia Healthcare - the multispecialty hospital platform backed by Samara Capital, Havells Family Investment Office and Godrej Family Investment Office, on Tuesday said it has acquired Gurugram-based 250-beds W Pratiksha Hospital
Specialty coffee startup Blue Tokai raises $30 million in funding led by A91 Partners
Blue Tokai’s latest capital raise comes on the back of other new age specialty coffee firms also drawing increased consumer and investor interest.
Aster DM to open a 550-bed super-specialty hospital in Trivandrum
Listed private healthcare service provider Aster DM Healthcare has launched a 550-bed super-specialty hospital in Kerala’s capital city Trivandrum, the company said in a press release on Friday.
Not a panic situation; but need to follow Covid norms, be vigilant: Doctors on rise in positivity rate
The sudden rise in the positivity rate, the Monday's figure being the highest in the last two months, has triggered a concern about a possible new wave of the coronavirus pandemic in the city.
No GST on healthcare services under membership plans by multi-super speciality hospitals: AAR
The Gujarat Authority for Advance Ruling (AAR) has held that healthcare services, where multi-super specialty hospitals take a lump-sum amount in form of membership to provide services to their family, would not attract GST.
COVID-19: Delhi government designates four new private hospitals for Omicron treatment
The government has notified Sir Ganga Ram City Hospital, Max Saket, Fortis Vasant Kunj and Batra Hospital Tughlakabad for the treatment of Omicron on payment basis with immediate effect. With addition of these four private hospitals, now the new Covid variant Omicron will be treated in total five hospitals in Delhi.
Private hospitals begin talks with schools for kids' vaccination
The government is expected to come out with guidelines for vaccinating children next week.
Rising long Covid cases a new worry for hospitals
Max Healthcare, one of the leading hospital chains, conducted a study and found that Covid-19 had been contracted by patients in almost 40% of the cases. The symptoms lasted for several months after acute Covid-19 illness.
Assam govt to engage Project Management Consultants for projects, worth above Rs 100 cr
In a meeting with the senior officials of PWD (Building) and Health Department, Chief Minister Himanta Biswa Sarma took a review of several infrastructure projects and directed to fast track the implementation process.
Around 500 cases of black fungus in Delhi, injections in short supply: CM Arvind Kejriwal
Mucormycosis or black fungus is more common among people whose immunity has lowered due to Covid, diabetes, kidney disease, liver or cardiac disorders, age-related issues, or those on medication for auto-immune diseases like rheumatoid arthritis.
1st batch of 2.64 lakh Covishield doses reaches Delhi's central storage facility
A SpiceJet flight carrying the vials landed at the Delhi airport around 10 am on Tuesday, four days ahead of the launch of a nationwide drive against the coronavirus. Thereafter, the Delhi Police formed a "green corridor" to safely transport the vaccine to the hospital, the Delhi government's largest COVID-19 facility.
Over 50% COVID beds unoccupied: Delhi health minister Satyendra Jain
Delhi reported 5,482 fresh COVID-19 cases on Friday, while 98 more fatalities pushed the city's death toll to 8,909. The positivity rate was 8.51 percent.
Rajiv Gandhi Super Specialty hospital identified as Delhi's first Covid-19 vaccine storage facility
BL Sherwal, the managing director of the hospital, said a team from the Union health ministry has surveyed the building and approved it.
COVID-19: Have enough infrastructure to vaccinate Delhi's entire population in few weeks, says Satyendar Jain
Health Minister Satyendar Jain said Delhi should be given priority during the distribution of the vaccine as it is the national capital. A three-storeyed building on the premises of Rajiv Gandhi Super Specialty Hospital has also been identified for the storage of COVID-19 vaccines.
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