Yatharth Hospital hits 5-month low, stock slips 24% in 12 days; here's why

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Yatharth Hospital hits 5-month low, stock slips 24% in 12 days; here's why - Business Standard

Quick Summary:

In two days, the stock price of hospital company declined 9% after Citigroup Global Markets Mauritius Private Limited has sold 534,685 equity shares of the company for Rs 24.5 crore on the NSE.

Analysts at Nuvama Wealth and Investment, in the Q2 result update, said that they believe expenses related to acquisitions and new hiring may impact the operating profit of the company in H2FY25 and FY26.

The market price of the company has fallen 36 per cent from its 52-week high level of Rs 693 touched on November 4, 2024.