ASTERDM.NSE Aster DM Healthcare Ltd
159
342.75
7.45
(2.13%)
| Watchers | 159 |
| 52-Wk Low | 187.95 |
| 52-Wk High | 429.74 |
| Market Cap | 174.65B |
| Volume | 1.34M |
| 52-Wk High | 429.74 |
| 52-Wk Low | 187.95 |
Aster DM surges 3.5% on separation of India, Gulf businessesMoneycontrol • about 1 month ago
It was in November that Aster DM Healthcare got the board's approvals to separate its India and Gulf Cooperation Council businesses
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Prabhudas Lilladher is bullish on Aster DM Healthcare has recommended buy rating on the stock with a target price of Rs 515 in its research report dated April 02, 2024.
The floor price is likely to be Rs 400 per share, which represents nearly 9% discount from current market price of Aster DM's stock
Aster DM Healthcare formed bullish candlestick pattern with upper shadow on the daily charts. The volume was above average and the stock traded above all key moving averages.
Following the successful transaction closure, Aster DM Healthcare aims to distribute 70-80 percent of the upfront consideration of $903 million as a dividend to its shareholders.
Earlier, Dubai-based Aster DM Healthcare had approved the sale of its business in the GCC (Gulf Cooperation Council) region to Alpha GCC Holdings for a consideration of $1.01 billion.