Buy Narayana Hrudayalaya, target price Rs 1557: HDFC Securities

HDFC Securities has buy call on Narayana Hrudayalaya with a target price of Rs 1557. The current market price of Narayana Hrudayalaya is Rs 1305.3.

Narayana Hrudayalaya Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 26973.58 Crore) operating in Hospitals & Allied Services sector.

Narayana Hrudayalaya Ltd. key Products/Revenue Segments include Income from Medical and Healthcare Services, Medical Equipment and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1221.52 Crore, down -7.72 % from last quarter Total Income of Rs 1323.65 Crore and up 7.18 % from last year same quarter Total Income of Rs 1139.72 Crore. Company reported net profit after tax of Rs 188.11 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 63.85 per cent stake in the company as of 31-Dec-2023, while FIIs owned 11.51 per cent, DIIs 10.22 per cent.