This healthcare stock is trending on October 21

The stock surged 8 % on the day.

On October 21, the market is trading in the green. At 12 pm, the S&P BSE Sensex is trading at 59541, up 0.57%, while NIFTY50 is trading at 17649, up 0.49%. About sectoral performance, Financials and Consumer Durables are among the top gainers, while Metal and Power are among the top losers. Talking about the stock-specific action, Vijaya Diagnostic Centre Ltd is among the top gainers in BSE group ‘A’.

The shares of Vijaya Diagnostic Centre Ltd surged 7.82% and are trading at Rs 471.8. The stock opened at Rs 438.1 and made an intraday high and low of Rs 483.85 and Rs 437.75, respectively.

Vijaya Diagnostics Centre Limited is among the leading provider of diagnostic medicare services in the southern part of India. Its offerings include health check-ups, radiology, laboratory, nuclear medicine, and medical services. Two hundred-plus Radiologists, Pathologists & Microbiologists are working to provide these services. The company’s vision is to reliable and accurate diagnostic services to its customers, at affordable prices, in a customer-centric manner.

As per the June quarterly ending, the company has a presence in 17 cities with a total of 100 operational centres. It is a dominant position in Telangana and Andhra Pradesh.

As per the FY22 period ending, the company has ROE and ROCE of 26.4% and 28.3%, respectively. For Q1FY23, the company reported a revenue of Rs 104.36 crore. Q1FY23 EBITDA stood at Rs 39.89 crore. For the same quarter, the company maintained a net profit margin of 16.7%, generating Rs 17.45 crore profit after tax.

About the shareholding pattern, about 55.01% of the stake is owned by the promoters, 23.89% by FIIs, 15.77% by DIIs, and the rest 5.33% by non-institutional investors.

The company has a market capitalisation of Rs 4835 crore and is trading at a PE multiple of 51.3x. The scrip has a 52-week high and low of Rs 672 and Rs 292, respectively.