Multibagger Stock: Jeena Sikho Lifecare share price gains over 500% in 1 yr, more than 1,300% since 2022. Time to buy?
₹1,650. The brokerage sees an upside of 47%, and recommends the stock from a long term perspective. Jeena Sikho Lifecare share price has shot up by almost 88% in 2024 thus far.
According to Trendlyne data, the stock has surged by 1,315.52% since its listing on April 19, 2022 and by 539.22% in the last year alone. Also Read: Multibagger Stock: Shriram Pistons & Rings gains 157% in a year, records over 500% growth in 2 years Based on an increase in hospital occupancy to roughly 53% in the next two years from approximately 30% in FY23, an expansion of hospital beds to nearly 2,000 in FY26E from about 1,300 in FY24, an increase in average revenue per occupied bed (ARPOB) due to a higher frequency of three-day wellness camps, and a growth in its product basket with a focus on over-the-counter (OTC) products, the brokerage estimates a revenue/PAT CAGR of ~41%/~60% over FY23–26. In North, East, West, and Central India, Jeena Sikho Lifecare has made a solid presence for itself, and it intends to expand into the South, according to Nuvama's report.
In FY20, it had 55 beds in a single hospital; by March 2024, it had increased to almost 1,300 beds (27 Panchakarma hospitals and 30 daycare clinics). In FY23, its 1,285 beds had an average occupancy of about 35%. The goal set by the management is to increase the number of beds to about 2,000 by FY26 and to improve the occupancy of the current beds by up to 55% over the following two years.
Also Read: NSE, BSE shut today on account of Lok Sabha Elections One of India's top Ayurvedic healthcare organisations, Jeena Sikho Lifecare was founded in 2017 by Manish Grover, also known as Acharya Manishji. Since 2009, Manish has promoted goods and services related to Ayurveda. Jeena Sikho
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