• Source:JND
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Healthcare Stock Rally: The shares of Park Medi World, a north Indian based hospital chain, rose over 6 per cent in intraday trade on Monday--hitting 52 fresh 52-week high despite a massive sell-off in the stock market on the crude oil price spike and heightening global uncertainties.

The stock opened in positive territory at 252.98 as compared to the last day's closing of Rs 249.75 on NSE. On the back of buying interest, the stock escalated further to touch an intraday high at Rs 266.19--52-week high, up around 6.5 per cent as compared to the last day's closing.

The healthcare stock has jumped over 70 per cent this year so far (YTD) despite the domestic market remaining volatile on a series of geopolitical headwinds ranging from US tariff threats to ongoing energy constraints due to the Middle East crisis.

Today's rally in the stock was seen after domestic brokerage firm Khandwala Securities Limited initiated Overweight coverage for the stock on May 7.

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The brokerage said that India’s healthcare sector is witnessing strong structural growth, expanding from $110 billion in 2016 to US$372 billion in 2023, and estimated at $638 billion by 2025.

Share Price History

The company shares made their stock market debut in December last year. To date this year (YTD), the healthcare stock soared over 70 per cent amid sustained buying momentum. In a month, it rose over 22 per cent, and in the last six months, the scrip surged nearly 75 per cent. In the last five trading sessions, the stock was up nearly 7 per cent.

Meanwhile, its 52-week low value stood at Rs 138.10.

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Stock Market Today

Meanwhile, the key domestic equity indices were trading over 1 per cent lower due to broad-based selling amid a spike in crude prices, weak global cues after US President Donald Trump declined Iran's proposals. In the afternoon trade, BSE Sensex was at 76,441.65, down 886.54 points or 1.15 per cent. Nifty50 quoted at 23,923.60, down 252.55 points or 1.04 per cent.

Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.


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