Shares of Hospital chain Park Medi World recently stated that it will acquire Mehar Hospital, Zirakpur, a multi-super speciality facility, in an all-cash transaction for Rs 107 crore. The acquisition will strengthen its presence in the Tricity area of Mohali, Chandigarh and Panchkula. According to information shared with the exchanges, it is expected to be commissioned under the Park brand in November 2026. Shares of the company are expected to be in focus again during today’s trading session,ย as the brokerage firm Choice Institutional Equities reiterated its ‘BUY’ย rating on the stock with a target price of Rs 350, highlighting an expected price upside of 21.6 per cent from its current trading price of Rs 288. In the last trading session, the company’s stock closed at Rs 285 on the National Stock Exchange (NSE), up 0.37 per cent or Rs 1.05, and on the BSE, it closed at Rs 284.40, up 0.21 per cent or Rs 0.60.ย The market cap of the company stood at Rs 12,195.57 crore.ย
Company expands North India footprint
The company has expanded its footprint in North India with the launch of The Medicity Hospital, Rudrapur, in the city of Uttarakhand, a 330-bed multi-super speciality facility. According to Park Group of Hospitals, the facility is the largest hospital in the Kumaon region.ย
Shares made muted market debut
The shares of Park Medi World Ltd listed on bourses on December 17, 2025. The stock made a muted market debut, listing at a nearly 4 per cent discount to the issue price of Rs 162.
The stock was listed at Rs 155.60, a 3.95 per cent discount to the issue price, on the BSE. On the National Stock Exchange (NSE), it opened at Rs 158.80, down 1.97 per cent.
PAT Surges 42.6% YoY
The company posted net revenue of Rs 4.8 billion, marking a 19.3 per cent year-on-year (YoY) increase and 3.3 per cent quarter-on-quarter (QoQ) growth. Operating profit (EBITDA) rose 20.2 per cent YoY to Rs 1.3 billion with an EBITDA margin of 26.5 per cent.
Net profit after tax (PAT) of the company jumped 42.6 per cent YoY to Rs 0.8 billion, surpassing broker estimates of Rs 0.7 billion by 13.2 per cent. The surge in profitability was supported by lower finance costs and improved operational leverage.ย ย