Stock of this hospital company has zoomed 115% from its May 2022 low

Shares of Rainbow Children's Medicare hit a new high of Rs 884 on Thursday; rallied 25 per cent in five days after the company delivered robust operational and financial performance for Q2FY23.

Shares of Rainbow Children's Medicare hit a new high at Rs 884, on gaining 4.5 per cent on the BSE in Thursday’s intra-day trade. In the past five trading days, the stock of India’s leading pediatric multi‐specialty and perinatal care hospital chain has rallied 25 per cent after the company delivered robust operational and financial performance during the second quarter ended September (Q2FY23).

The stock price of Rainbow Children's Medicare has more-than-doubled or zoomed 115 per cent from its 52-week low of Rs 410, touched on May 17, 2022. The stock traded 63 per cent higher against its issue