Aster DM Healthcare Ltd up by 7.45% - Traders Corners | Espresso

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Espresso shot of the day – Aster DM Healthcare Ltd up by 7.45 percent

August 18, 2021
Espresso shot of the day – Aster DM Healthcare Ltd up by 7.45 percent

ASTER DM HEALTHCARE LTD 189.70 (+7.45 %) BSE – INE914M01019 | 18TH AUGUST 2021

Aster DM Healthcare Limited is one of the largest private healthcare service providers in India and operates in multiple GCC states, based on numbers of hospitals and clinics, according to the Frost & Sullivan Report. It is an emerging healthcare player in India. The company has a strong presence across primary, secondary, tertiary and quaternary healthcare through its 20 hospitals, 112 clinics and 213 pharmacies. The company conducts operations in all of the GCC states (comprising the United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain) as well as Jordan, India and the Philippines. The GCC operations are headquartered in Dubai, UAE, and Indian operations are headquartered in Kochi, Kerala. As on Mar 31, 2018, the company has 9 subsidiaries, 48 step-down subsidiaries and 4 associate companies.

Recent Drivers

  • On Aug 12, 2021,Aster DM Healthcare reported quarterly net profit of Rs 44.47 crores in June 2021, up 153.62% from Rs 82.93 crores in June 2020.
  • On Aug 12, 2021,Aster DM Healthcare reported net sales at Rs 2,371.59 crores in June 2021, up 34.7% from Rs 1,760.63 crores in June 2020.
  • On Aug 3, 2021, as many as 319 doctors from Aster DM Healthcare's network of Aster and Medcare hospitals and clinics in UAE have been awarded the Golden Visa long-term residency for their continued contribution to the field of medicine and healthcare services.
  • On June 2, 2021, Aster DM Healthcare signed a Memorandum of Understanding (MoU) with Roche Diagnostics, a world leader in biotechnology, as well as a strategic partner across the United Arab Emirates, Saudi Arabia, Qatar and Oman. The partnership will enable Aster DM Healthcare's hospitals, clinics, and laboratories across the region to adopt the latest diagnostic innovations and solutions to support their patients with optimal treatment solutions.
(Sources: Moneycontrol, Asterdmhealthcare)


Technical Force*

  • S&P BSE 500 month till date gain up by 3.15%
  • Traded on new 52-week-high value of 194.55
  • Spurt in volume by more than 12.62 times and 3 months avg. volume of BSE: 1,22,850
  • Quantity traded: 11,73,284 | Deliverable quantity: 4,32,462 (36.86%)
  • Stock price has jumped more than 60% from one-year low level: 120 (Sept 10, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 194.45 | 52-week-low: 120

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 306.83

243.67

204.83

141.67

102.83

39.67

0.83

-

Fibonacci Pivot

243.67

204.70

180.63

165.13

141.67

118.21

102.70

78.63

39.67


Today’s Close

189.70

SMA

BSE

10 DAY

165.33

20 DAY

162.97

50 DAY

159.57

200 DAY

154.06


Some Key Ratios (Source: BSE)

Market Cap: 9,475.76 crores

PE: - 194.65

OPM%: 11

ROE%: - 1.7

Promoters holding%: 37.88

Prev. Close: 176.55

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.