Global Markets
Home›Global Markets›Emerging Markets›Park Medi World shares near record high after Q1 resul…
Park Medi World shares near record high after Q1 results boost
The stock hit an intraday high of ₹292 on the NSE, just ₹13 below its prior peak of ₹305, while broker targets range up to ₹375.
Park Medi World shares rose again on the NSE, extending a recent run after the company reported Q1 results. According to LiveMint Markets, the stock gained on Monday following the results announcement, then faced some profit taking on Tuesday, but has remained in an uptrend over the past two sessions.
The shares opened higher with an upside gap at ₹286 and moved quickly to an intraday high of ₹292, putting them close to the stock’s existing record high of ₹305. This price action has led to speculation about whether the healthcare stock can set a new peak.
LiveMint Markets cited broker commentary that frames the results and expansion pipeline as supportive. Emkay and Choice Broking were both described as bullish, with Choice Broking targeting ₹350 and Emkay targeting ₹375.
Emkay’s review highlighted year over year growth in revenue and EBITDA, as well as an acquisition in Zirakpur near the company’s Mohali facility, and described progress on profitability. LiveMint Markets also noted management plans to expand bed capacity from 3,960 beds to over 10,000 beds by FY33, alongside additional 1,000-bed projects in FY28.