Narayana Hrudayalaya getting investor attention, but valuations are stretching2 min read 04 Dec 2019, 10:52 PM IST
It is now trading at a price-earnings multiple of around 33 times one-year forward earnings, which appears stiff
The stock is up about 53% so far this calendar year at ₹298.20. The company’s shares were issued at ₹250 apiece in its initial public offering
Narayana Hrudayalaya Ltd’s shares have struggled for the most part since its listing almost four years ago, in January 2016. This calendar year, though, investors are returning. The hospital firm’s shift in strategy to an asset-light model and its efficiency measures have caught the attention of the Street.
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