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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
This stock defied the market correction. Here’s why it could keep rising
Subscribe to enjoy similar stories. Over the last six months, the stock of Narayana Hrudayalaya has risen by over 30% against an 8.3% decline in the Sensex, outperforming the benchmark index by a wide margin. The stock has also been an outlier amid the recent correction, bucking the trend.
It recently hit its 52-week high of ₹1,725. Shares of the company have been on the radar of investors for multiple reasons: Expanding capacities, diversification into other fields, and strengthening operational efficiency. Let’s examine each of them and assess whether the company has the financials to support them.
Narayana Hrudayalaya has planned a capex of ₹1,400-1,600 crore for 2024-25. Around ₹280 crore will be used towards the multi-specialty hospital in the Cayman Islands. The capex for 2025-26 to 2028-29 includes replacement and maintenance capex of around ₹300-350 crore per year along with ₹900-1,200 crore per year for brownfield and greenfield expansion.
The company is actively exploring brownfield acquisitions, expanding capacity in key cities like Bengaluru and Kolkata, which is expected to boost growth. It recently announced investment plans for a hospital in Kolkata. The company plans to invest ₹900 crore for the first phase, aiming for a 1,100-bed facility over the next three to 10 years.
Once fully operational, the hospital plans to increase Narayana Health's total bed capacity in Kolkata to 2,500, reinforcing the region's position as a hub for advanced healthcare. The company is also planning to add 2,000 new beds in the upcoming four to five years, which will require an investment of ₹4,000-5,000 crore. The company is currently focused on setting up two greenfield facilities, one in Kolkata (350 new beds in the first
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21.05 / 10:17
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.
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Even at $5 trillion, Nvidia is underappreciated
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RK Swamy bets on integrated advertising model as global agency giants split media and creative
Subscribe to enjoy similar stories.Homegrown advertising group RK Swamy Ltd is betting on its integrated marketing model to drive growth over the next few years, combining media, creative and other advertising services even as the ‘Big Four’ agency networks increasingly separate those businesses.“We never did disaggregated media and creative [although] that was an option 20 years ago,” Shekhar Swamy, MD and group CEO of RK Swamy Ltd told Mint in an interview.“How can you disaggregate the two? The media function holds a lot of data, and then when media and creative walk separately, it creates a lot of tension. This is not a sensible model for a client.”RK Swamy’s clients include Magicbricks, Polycab, and several government institutions and PSUs such as LIC.The company reported a 15% jump in annual revenue for FY26 to ₹351.73 crore, while profit before tax and exceptional items rose 30% year-on-year to ₹32.2 crore.
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21.05 / 09:47
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Why Dixon, Syrma and Kaynes are moving beyond smartphones: margin pressure
Subscribe to enjoy similar stories.MUMBAI: India’s listed electronics manufacturers are under pressure to defend profitability as the mobile-phone assembly boom slows, prompting a shift towards higher-value industrial electronics.Investors remained jittery through the last fiscal, driven by concerns that slowing consumer sentiment could weigh on the rapid growth that electronics manufacturing services (EMS) firms have delivered so far.In an interview with Mint, Jasbir Singh Gujral, managing director of Syrma SGS Technology Ltd, India’s second-largest listed EMS firm, said, “We’re increasingly looking to capture a larger chunk of contracts from defence, aerospace and med-tech verticals, all of which represent opportunities for original design manufacturing, and also bring significantly higher margins. We’ve already started this transition, and we plan to do more of it this fiscal.”Beyond mobile phones and laptops, EMS firms are expanding into smart metres for electricity boards, aerospace and defence subsystems, railway safety instrumentation, printed circuit boards and display assemblies, and medical devices deployed in hospitals.India’s annual mobile phone shipments have remained subdued since the covid-19 pandemic, with industry estimates pointing to a single-digit decline this calendar year from 152 million smartphones shipped last year.The margin pressure driving this shift is increasingly visible.In FY26, Syrma SGS reported an operating margin of 7.1%, up 2.3 percentage points.
