Last week, Global Health Ltd, the company which operates hospitals under the brand Medanta, made a strong debut on the Indian stock exchanges. Its shares gained 19% on the listing day. At Thursday’s close of INR462.50 per share, the stock is around 38% up from its issue price of INR336. The company’s initial public offering (IPO) had also garnered good interest. It was oversubscribed 9.58 times. Reasonable valuations, healthy financials, and

( Originally published on Nov 25, 2022 )

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