Aster DM Healthcare Hits Record High: SEBI RA Akhilesh Jat Signals Further Upside Potential

Shares of the healthcare services provider, Aster DM Healthcare, hit a fresh high led by strong volumes, surging 8% on Thursday.

After a consolidation phase lasting nearly a month and a half, the stock staged a decisive breakout, said SEBI-registered analyst Akhilesh Jat.

The consolidation phase was marked by narrowing price movements and declining volatility. In the past four sessions, the price had hovered tightly near the earlier peak, setting the stage for today’s move, Jat said.

The breakout was accompanied by strong volume, a key indicator of conviction behind the rally. During the session, the stock hit a fresh high of ₹674.5, pulled back slightly, and attempted another rally, though it couldn’t surpass the earlier peak.

Still, the latest retracement of around 3.5% is far shallower than past pullbacks of 12% and 7.5%, suggesting a firming price structure and underlying strength, the analyst noted.

The reduced depth of corrections, combined with today’s volume-backed breakout, signals strong momentum and places the stock firmly in bullish territory, he added.

Last month, reports stated that Aster DM Healthcare is planning to invest ₹1,900 crore to expand its hospital network across India, aiming to increase the total bed capacity to 13,600 by the end of FY 2026-27.

The company reported a turnaround with a profit of ₹85.5 crore in Q4, compared to a loss of ₹2.17 crore in the same quarter last year.

Retail sentiment on Stocktwits turned ‘bullish’ from ‘neutral’ a week ago.

Year-to-date, the stock has gained 23.67%.

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