News for Aster DM Healthcare Limited (ASTERDM.BO)

Stocks including LIC, Bharat Electronics, Vedanta, Glenmark Pharma, Cipla, FirstCry, NHPC, VA Tech Wabag and more will be in the spotlight on Monday, February 10.

Aster DM Healthcare and QCIL seek CCI approval for merger, reshaping India's healthcare landscape with combined strengths.

Stocks including L&T, JSW Steel, Wipro, Bank of Baroda, Biocon, Torrent Power, PB Fintech, Kalyan Jewellers and more will be in the spotlight on Friday, January 31.

Baron India Fund declined in the fourth quarter of 2024, outperforming its benchmark, the MSCI AC Asia ex Japan/India Linked Index. Read more here.

Axis Securities said that Infosys experienced profit booking and retraced 38 per cent of the Fibonacci move from Rs 509 to Rs 1,954, finding support at the Rs 1,231 level.

Aster DM Healthcare and Blackstone and TPG-backed Quality Care have decided to merge to create one of India's top three hospital chains.

Buzzing stocks, Stocks to watch today: Aster DM, ITC, Cochin Shipyard. Ashok Leyland, Aviation stocks, Biocon, ONGC, KEC International, Adani Enterprises, HG Infra, Brightcom, Protean eGov, Dixon Tech, RBL Bank, Bajaj Finance, Power Mech, Religare, TVS Srichakra, Paisalo, Tech Mahindra, REIT/InVIT

Aster DM Healthcare acquires Quality Care India, forming Aster DM Quality Care Ltd with 38 hospitals and ₹7,300 crore revenue.

The merged entity, Aster DM Quality Care Limited, will have a combined portfolio of four leading brands: Aster DM, CARE Hospitals, KIMSHEALTH and Evercare. It will have a of network of 38 hospitals and 10,150+ beds spread across 27 cities.

Aster DM Healthcare's board is set to meet today to potentially finalize a reverse merger with Care Hospitals, which is backed by private equity firm Blackstone, according to sources. Aster DM's shares rose 2.51%, trading at Rs 500.10 on the BSE as of Friday morning.

Aster DM Healthcare acquires remaining stake in Aster Aadhar Hospital, Kolhapur, aiming to consolidate in Western India.

Stocks including NTPC Green Energy, UltraTech Cement, M&M, Wipro, Siemens, Ola Electric, Kotak Mahindra Bank, Swiggy Dabur and more will be in the spotlight on Wednesday, November 27.

Baron India Fund (I) gained 6.33% during Q3 2024, while its benchmark index was up 3.96%. Click here to read the full commentary.

Nifty50 recorded its best day in three weeks on Monday, breaking a five-session losing streak. Strong earnings from ICICI Bank and other lenders boosted banking stocks. Analysts believe the counter-trend pullback rally can continue towards 24,900-24,930, with support at 24,200-24,000.

The Nifty formed a long bearish candle, indicating ongoing pressure. A minor pullback or sideways consolidation may occur in the next one to two days. Support is at 24,100 and 24,000, while immediate resistance is at 24,450–500, with crucial resistance at 24,700–750. Open interest data shows the highest call OI at 24,400 and 24,300, with put OI at 24,200.

Indian benchmark equity indices, Sensex and Nifty50, recorded their biggest single-day decline in nearly three weeks, dragged down by slowing corporate earnings and ongoing foreign selling.

Nifty50 and Sensex ended lower due to weak earnings and renewed profit-booking. Key resistance and support levels indicate heightened volatility, while mixed bullish and bearish signals show a rangebound market. High activity and varied interests are noticeable across different stocks, revealing a cautious market sentiment.

Stocks including RIL, HDFC Bank, Adani Ports, BHEL, Adani Gas, Dr Reddy’s Labs, Voda Idea, ONGC, Tata Steel & HFCL and more will be the spotlight on Monday, September 23.

Nifty ended Friday's session with an 84-point gain and formed a rounding bottom pattern on the daily chart, signaling strength. This breakout suggests the index could rise towards 25,500 in the short term. If Nifty maintains levels above 25,500, it might advance towards the 26,000-26,250 range, aligning with the rounding bottom pattern target, according to Hrishikesh Yedve of Asit C Mehta Investment Intermediates.