Narayana Hrudayalaya surges 13%, stock at new high on Q2 turnaround

The company said Indian operations staged a decent recovery in the quarter gone by, after the significant impact was observed in Q1FY22.

Shares of Narayana Hrudayalaya hit a new high of Rs 620, surging 13 per cent on the BSE in Thursday’s intra-day trade after the company reported consolidated net profit of Rs 99.4 crore in September quarter (Q2FY22), on the back of healthy operational performance. The company, a leading healthcare service provider in India, had posted a consolidated net loss of Rs 3.4 crore in Q2FY21.

Indian operations staged a decent recovery during the quarter gone by, after the significant impact was observed in Q1FY22, as the effects of the second wave of the pandemic subsiding.

In Q2FY22, the