VST Industries Ltd, IIFL Wealth Management Ltd, Prestige Estates Projects Ltd, MOIL Ltd are among the other stocks to see a surge in volumes on BSE today, 02 December 2022.

Krishna Institute of Medical Sciences Ltd notched up volume of 14.56 lakh shares by 10:44 IST on BSE, a 267.93 fold spurt over two-week average daily volume of 5433 shares. The stock rose 0.15% to Rs.1,502.85. Volumes stood at 2456 shares in the last session.

VST Industries Ltd clocked volume of 1.1 lakh shares by 10:45 IST on BSE, a 124.94 times surge over two-week average daily volume of 877 shares. The stock gained 1.65% to Rs.3,561.10. Volumes stood at 310 shares in the last session.

IIFL Wealth Management Ltd witnessed volume of 10.24 lakh shares by 10:45 IST on BSE, a 13.07 times surge over two-week average daily volume of 78327 shares. The stock dropped 3.32% to Rs.1,766.75. Volumes stood at 2.39 lakh shares in the last session.

Prestige Estates Projects Ltd registered volume of 39766 shares by 10:45 IST on BSE, a 2.76 fold spurt over two-week average daily volume of 14386 shares. The stock rose 1.52% to Rs.503.90. Volumes stood at 26831 shares in the last session.

MOIL Ltd saw volume of 59746 shares by 10:45 IST on BSE, a 2.53 fold spurt over two-week average daily volume of 23610 shares. The stock increased 5.26% to Rs.169.95. Volumes stood at 17912 shares in the last session.

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Consequently, KIMS Hospitals now holds 65.62% of the total paid-up equity share capital of Arunodaya Hospitals.

Arunodaya Hospitals is a multispecialty hospital with a capacity of 200 patient beds. It is strategically located to serve patients in Srikakulam (AP) as well as from the neighboring state of Odisha. The company recorded revenue of Rs 30.62 crore in the financial year ended 30 March 2022.

Founded by Dr. B. Bhaskara Rao and headquartered in Hyderabad, KIMS Hospitals is one of the largest corporate healthcare groups in Telangana and Andhra Pradesh, providing multi-disciplinary integrated healthcare services, with a focus on tertiary and quaternary healthcare at affordable cost. It has a network of 13 hospitals and 4000 beds spread across Telangana, Andhra Pradesh and Maharashtra.

The company's consolidated net profit rose 18.8% to Rs 97.11 crore on a 37% rise in sales to Rs 564.07 crore in Q2 FY23 over Q2 FY22.

The scrip declined 0.70% to currently trade at Rs 1,493.20 on the BSE.

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Krishna Institute of Medical Sciences has made a further investment by acquiring an additional equity stake of 7.79% in Arunodaya Hospitals , it's subsidiary on 28 November 2022. Consequently, the Company now holds 65.62% of the total paid-up Equity Share capital of Arunodaya Hospitals.

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Net profit of Krishna Institute of Medical Sciences rose 18.83% to Rs 97.11 crore in the quarter ended September 2022 as against Rs 81.72 crore during the previous quarter ended September 2021. Sales rose 37.00% to Rs 564.07 crore in the quarter ended September 2022 as against Rs 411.74 crore during the previous quarter ended September 2021.

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