Park Medi World shares climbed to a fresh high in Tuesday’s trading session after the company announced plans to launch a new hospital and expand capacity at its Mohali facility.
The stock touched a 52-week high of Rs 208.72 per share on the NSE, up 3.46 percent.
The gains came after the board of Park Medi World, at its meeting held on March 10, 2026, approved the launch of a multi-speciality hospital at Panchkula on March 29, 2026.
The board also approved the addition of 150 beds at Grecian Super Speciality Hospital in Mohali, taking the total bed capacity to 500 from the existing 350. The Mohali hospital is run and operated by RGS Healthcare, a subsidiary of the company.
Park Medi World made its market debut in December 2025, listing at Rs 155.60 per share on the BSE.
The company launched its IPO to raise Rs 920 crore through a fresh issue of 4.75 crore shares worth Rs 770 crore and an offer for sale (OFS) of shares worth Rs 150 crore by promoter Ajit Gupta. The IPO had a price band of Rs 154-162 per shares.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
