KIMS share price rises nearly 2% on setting up super specialty hospital

Krishna Institute of Medical Sciences

Krishna Institute of Medical Sciences (KIMS) share price gained nearly 2 percent in the opening trade on December 22 following the company entered in to leave & license agreement to set-up super specialty hospital at Tamil Nadu.

At 09:17am, Krishna Institute of Medical Sciences was quoting at Rs 650.40, up Rs 10.80, or 1.69 percent, on the BSE.

".... has entered into agreement with Andhra Mahila Sabha for taking land admeasuring approximately 1.168 acres (equivalent to 21.19 Grounds) located at Dr. Durgabai Deshmukh Road, Raja Annamalai Puram,Chennai, Tamil Nadu on a long term lease for setting up a super speciality hospital," company said in its exchange filing.

The proposed capacity addition is 300 beds approximately from this project, which is to be executed in 36 month with an investment of around Rs 300 crore.

The lease rental, construction of hospital and purchase of medical equipment will be paid from bank loan and internal accruals, company said.

The Company along with its subsidiaries has overall bed capacity of 8800+ beds as on 30th September, 2025 and for H1FY26 the occupancy is around 51% of its capacity, it added.

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Last week the company's subsidiary KIMS Hospital Bengaluru has commenced operations at its newly established hospital located at PES University campus in Electronic City, Bengaluru which is a 350-bedded, multi-specialty tertiary care hospital.

In the previous trading session, the share closed at Rs 639.60, up Rs 5.35, or 0.84 percent.

The share touched a 52-week high of Rs 798.00 and a 52-week low of Rs 474.55 on 24 July, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 19.85 percent below its 52-week high and 34.78 percent above its 52-week low.

The market capitalisation of the company stands at Rs 25,592.89 crore.