Manipal Hospitals on Monday said it is acquiring an 87% stake in Kolkata-based hospital chain Medica Synergie in a deal that industry sources said is worth an estimated ₹1,400 crore. The latest acquision will see the Karnataka-based hospital chain increase its bed count from 9,500 currently to more than 10,500, making it the largest healthcare group in the country, it said in a statement.
Open Flip📌Jefferies maintained a hold rating on Trent but raised the target price to Rs 4150. 📌Goldman Sachs maintained a sell rating on PNB Housing but raised the target price to Rs 650. 📌JPMorgan maintained a neutral rating on KPIT Technologies but raised the target price to Rs 1450. 📌BofA Securities maintained a buy rating on UltraTech Cements but raised the target price to Rs 11400.
Open FlipTraders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City.Spencer Platt/GettyUS stocks jumped on Monday, extending gains from last week as investors digest Q1 earnings results.The upcoming earnings reports of Amazon and Apple later this week will grab investors' attention.Also on the radar is this week's Federal Reserve meeting.
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