“Aster DM Healthcare has been in a strong uptrend since 2020 and has recently bounced back from its 89-EMA on the weekly charts,” Gaurav Bissa, VP, InCred Equities, said.

#stockmarket #stocks #stockrecommendation #stockstobuy #stockmarketnews 

► Subscribe to The Economic Times for the latest video updates. It's free! - https://www.youtube.com/TheEconomicTimes?sub_confirmation=1

► More Videos @ ETTV - https://economictimes.indiatimes.com/TV

► https://EconomicTimes.com

► For business news on the go, download ET app:
https://etapp.onelink.me/tOvY/EconomicTimesApp

Follow ET on:

► Facebook - https://www.facebook.com/EconomicTimes 
► Twitter - https://www.twitter.com/economictimes
► LinkedIn - https://www.linkedin.com/company/economictimes
► Instagram - https://www.instagram.com/the_economic_times
► Flipboard - https://flipboard.com/@economictimes

#news #latestnews #economictimes #ET #TheEconomicTimes #businessnews

Stock Radar: Aster DM Healthcare buy for a target of Rs 250, says Gaurav Bissa

Aster DM Healthcare’s consolidated net profit declined 6% to Rs 139.39 crore despite a 20.5% rise in revenue from operations to Rs 3,192.14 crore in Q3 FY23 over Q3 FY22.

Aster DM Healthcare records net profit of Rs 139 cr in Q3

It signed an operations and maintenance agreement with Vritika Hospitals and Bharathi Education Trust

Aster DM Healthcare to manage tertiary super specialty hospital in Mandya

TCS: The IT major said that a meeting of the board of directors will be held on Monday, 9 January 2023 to consider and approve the audited standalone as well as consolidated financial results for the quarter and nine month period ending 31 December

TCS, Tata Motors, Aster DM Healthcare, RITES in focus

Aster DM Healthcare said that it has entered into a hospital operation and management agreement (O&M) with Vritika Hospitals (VHPL) & Bharathi Education Trust, for operating and managing G. Madegowda Super Specialty Hospital.

Aster DM inks 15-year hospital O&M agreement with VHPL & Bharathi Education Trust

GMSSH is a 100-bed tertiary super specialty hospital situated in Mandya town, 95 kms away from Bangalore.

Aster DM Healthcare enters into O&M agreement for a hospital in Mandya, Karnataka

Aster DM Healthcare, incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 11663.63 Crore) operating in Hospitals & Allied Services sector.

Buy Aster DM Healthcare, target price Rs 270: JM Financial

Escorts Kubota, ITC, Mastek, Bikaji Foods, IDFC FIrst Bank, Gujarat Fluorochemicals, Inox Wind, PTC India Ltd, ONGC, Wockhardt, Ahluwalia Contracts, Indrayani Biotech, Lumax Ind, Metro Brands, Goa Shipyard, Aster DM Healthcare, Narmada Gelatines

Stocks that will see action on December 8, 2022

Through this partnership, doctors from Aster will visit Faruk Medical facilities to consult on and provide surgical services that are unavailable locally

Aster DM Healthcare to develop healthcare services in Iraq

Faruk Medical City is a subsidiary of Faruk Investment Group, one of Iraq’s largest investment firms.

Aster DM Healthcare, Faruk Medical City to jointly develop healthcare services in Iraq

Prabhudas Lilladher is bullish on Aster DM Healthcare has recommended buy rating on the stock with a target price of Rs 265 in its research report dated November 15, 2022.

Buy Aster DM Healthcare; target of Rs 265: Prabhudas Lilladher

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Aster DM Healthcare Limited is a healthcare service provider. The Company operates in various segments of the healthcare industry, which include hospitals, clinics and retail pharmacies