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Fringe benefit? Ortho clinic stock rides Covid wave, surges 50% in a month
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The company is currently valued at Rs 1,700 crore, much of which has come during the last one year, as the stock gained 155 per cent. In fact, in the last one month alone, the stock has climbed 50 per cent.
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Analysts believe the frenzy to acquire the company’s shares was largely due to expected earnings from home care and Covid-19 treatment as well as the ongoing vaccination drive.
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NEW DELHI: This smallcap company operates a small chain of hospitals, mostly in western India, focusing on orthopedics surgeries. But as the second wave of Covid-19 pandemic intensified, it has emerged as the biggest gainer of the crisis.