This stock defied the market correction. Here’s why it could keep rising
The stock has also been an outlier amid the recent correction, bucking the trend. It recently hit its 52-week high of ₹1,725.
What’s behind this rally?
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.
Scaling up network in key cities
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…
