1:5 Stock Split: Hospital Stock Jumps 32.49% After Recommending Split, Shares Hit 52-Week High

Krishna Institute of Medical Sciences Ltd shares witnessed rally of 32.49% after recommending stock split in the ratio of 1:5. The company recommended stock split in the proportion of 1:5 as on June 28, 2024 when KIMS shares were priced at Rs 416.75 per share. The last trading price of Krishna Institute of Medical Sciences shares on BSE is Rs 552.15 per share (as on September 13, 2024), implying a gain of 32.49% from June 28, 2024. Krishna Institute of Medical Sciences shares traded ex-split on September 13, 2024. KIMS shares witnessed surge of 24% in last 1-month and gained 122% in last 2-years. The company's market capitalisation stood at Rs 22,093.67 crore. Check details below:

Krishna Institute of Medical Sciences Shares Trade Ex-Split: KIMS share traded ex-split on September 13 and shares hit 52-week high yesterday. Krishna Institute of Medical Sciences shares hit 3rd consecutive 52-week high on September 13, 2024. As per the exchange filing of Krishna Institute of Medical Sciences dated September 03, 2024, "wish to inform you that M/s. Krishna Institute of Medical Sciences Limited ('the Company') has fixed Friday, September 13, 2024, as 'Record Date' to determine the eligibility of shareholders of the Company for Subdivision/split of 1 (One) equity share having face value of Rs.10/- (Rupees Ten Only) each, full paid-up, be sub-divided into 5 (Five) equity shares having face value of Rs.2/- (Rupees Two only) each, fully paid-up, ranking pari-passu in all respects and as approved by the shareholders in the 22nd Annual General Meeting held on August 29, 2024."

Krishna Institute of Medical Sciences Shares Performance: The 52-week high price of Krishna Institute of Medical Sciences shares on BSE is Rs 580.10 per share (as on 13/09/2024) and 52-week low price is Rs 325.01 per share (as on 16/10/2023), respectively. Krishna Institute of Medical Sciences shares surged 39% in last 6-months, rallied 41% year-to-date, and rallied 32% in last 1-year. In last 3-years, KIMS stock offered gain of 118%.

KIMS Hospital Financial: Krishna Institute of Medical Sciences (KIMS) declared a surge of 7.18% in its consolidated net profit to Rs 86.6 crore in for Q1 FY25 as against Rs 80.8 crore declared in the corresponding quarter of last year. Revenue from operations of KIMS Hospital surged by 13.6% year on year (YoY) to Rs 688.4 crore for the quarter ended Jun 2024. Profit before tax for June 2024 quarter stood at Rs 127.1 crore, up by 7.17% as against Rs 118.6 crore announced in corresponding quarter of last year. Consolidated EBITDA rose 14.9% YoY to Rs 184 crore and consolidated EBITDA margin jumped by 30 basis points YoY to 26.6% in June 2024 quarter.

About Krishna Institute of Medical Sciences Ltd.: It came into existence on July 26, 1973 in Mumbai as Jagjit Singh and Sons Private Limited, as a private limited company. Later on it changed its address of its registered office from Maharashtra to Andhra Pradesh on February 21, 2003. The company changed its name in 2004 to Krishna Institute of Medical Sciences Ltd. The market capitalization of the company is Rs 9897 crore.

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The stock highlights the stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.