GPT Healthcare Ltd Share Price – NSE /  BSE

Healthcare, Small Cap

The facility, which will be fully equipped with modern amenities and services, is intended to be leased to GPT Healthcare on a long-term basis.

The agreement involves multiple parties, including Naveen Singh, Ankur Singh, Shruti Singh, Vinayak Singh, Akshat Singh, Avinash Gaurav, and Kavita Singh.

The company has clarified that the agreement is with a third party, assuring there is no conflict of interest and no nominees from the third party are on the company's board of directors.

GPT Healthcare, the healthcare arm of the GPT Group, currently owns and operates over 561 beds spread across four state-of-the-art multi-specialty hospitals in the eastern part of the country under the brand name ILS Hospitals. Founded in 2000 in Salt Lake, Kolkata, ILS Hospitals has since expanded its footprint and capabilities.

The company’s standalone net profit increased 9.8% to Rs 14.82 crore in Q2 FY25 as against Rs 13.50 crore posted in Q2 FY24. However, revenue from operations shed 2.1% YoY to Rs 105.66 in the quarter ended 30 September 2024.

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The key equity indices traded with minor gains in early trade. The Nifty traded above the 24,700 level. FMCG, metal and auto shares advanced while IT, realty and media stocks corrected. Investors are awaiting for the outcome of today's RBI Monetary Policy Committee meeting.

At 09:29 IST, the barometer index, the S&P BSE Sensex rose 61.13 points or 0.08% to 81,826.99. The Nifty 50 index added 3.60 points or 0.01% to 24,712.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.09% and the S&P BSE Small-Cap index rallied 0.32%.

The market breadth was strong. On the BSE, 2,027 shares rose and 917 shares fell. A total of 107 shares were unchanged.

Foreign portfolio investors (FPIs) bought shares worth Rs 8,539.91 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 2,303.64 crore in the Indian equity market on 5 December 2024, provisional data showed.

Stocks in Spotlight:

GPT Healthcare rose 0.94%. The company has entered into memorandum of Understanding (MoU) for the construction and finishing of a hospital building at Jamshedpur, Jharkhand.

Canara Bank added 0.51%. The bank said that the Reserve Bank of India (RBI) has approved to divest its 13% stake in Canara Robeco Asset Management Company and 14.5% in Canara HSBC Life Insurance Company through Initial Public Offer (IPO). The bank has been instructed to adhere to 31 October 2029, timeline for reducing stake in the said entities to 30%.

FSN E-Commerce Ventures (Nykaa) shed 0.93%. Nikhil Parikh has resigned from his position as chief executive officer (CEO) of Nykaa Fashion.com

Numbers to Track:

The yield on India's 10-year benchmark federal paper rose 0.05% to 6.793 as compared with previous close 6.789.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 84.6600, compared with its close of 84.7100 during the previous trading session.

MCX Gold futures for 5 February 2024 settlement was added 0.35% to Rs 76,744.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.08% to 105.80.

The United States 10-year bond yield fell 0.17% to 4.173.

In the commodities market, Brent crude for February 2024 settlement lost 06 cents or 0.08% to $72.03 a barrel.

Global Markets:

Asian stocks traded mixed on Friday. All eyes are on the U.S. nonfarm payrolls report due in the day that may help shape the direction of the Federal Reserve's policy path later this month.

In Asia, key economic data releases include India's interest rate decision and Malaysia's foreign reserves. China's November foreign reserves data may also be released today.

US stock markets pulled back from record highs on Thursday as investors took a cautious approach ahead of the payrolls report. The S&P 500 declined 0.2%, the NASDAQ Composite fell 0.2%, and the Dow Jones Industrial Average dropped 0.6%. Technology stocks, a major driver of recent market gains, retreated, while economically sensitive sectors like energy, financials, and industrials also lost ground.

US initial jobless claims rose to 224,000 for the week ended November 30th, up from the previous week's revised figure of 215,000.

The upcoming US nonfarm payrolls report will be closely watched by investors and policymakers alike. A strong reading could reinforce expectations of economic recovery and support further normalization of monetary policy.

Meanwhile Bitcoin tumbled from record highs above the coveted $100,000 level, as it was slapped with heavy profit-taking.

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Securities in F&O Ban:

Granules India and Manapurram Finance shares were banned from F&O trading on 6 December 2024.

Stocks to Watch:

GPT Healthcare has entered into memorandum of Understanding (MoU) for the construction anf finishing of a hospital building at Jamshedpur, Jharkhand.

Canara Bank said that Reserve Bank of India (RBI) has approved to divest its 13% stake inCanara Robeco Asset Management Company and 14.5% in Canara HSBC Life Insurance Company through Initial Public Offer (IPO). The bank has been instructed to adhere to 31 October 2029, timeline for reducing stake in the said entities to 30%.

FSN E-Commerce Ventures (Nykaa)’s Nikhil Parikh has resigned from his position as chief executive officer (CEO) of Nykaa Fashion.com

Cummins India’s chief financial officer, Ajay Shriram Patil has resigned due to personal reasons, with effect from 9 January 2025.

Garden Reach Shipbuilder & Engineer (GRSE) has signed contract for the construction and delivery of the second ship from a series of four additional 7,500 DWT multi-purpose vessels in Germany. In September, the company had secured an order for the construction and delivery of four additional multi-purpose vessels of 7,500 DWT each.

Ramco Systems has entered a partnership with Hanjin Information Systems and Telecommunication, a subsidiary of the Hanjin Group. Together, both the parties will enable the aviation organizations headquartered in South Korea to digitally transform their M&E and MRO operations.

Welspun Living’s board approved the scheme of amalgamation between Welspun Home Solutions and Welspun Advanced Materials. Welspun Home Solutions is a subsidiary of Welspun Advanced Materials.

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Net profit of GPT Healthcare rose 9.78% to Rs 14.82 crore in the quarter ended September 2024 as against Rs 13.50 crore during the previous quarter ended September 2023. Sales declined 2.15% to Rs 105.66 crore in the quarter ended September 2024 as against Rs 107.98 crore during the previous quarter ended September 2023.

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