Shares of the Bangalore-headquartered company surged 14.6% in seven trading sessions from its recent closing low of Rs 1,060.25 on 8 November 2023.

The stock hit an all-time high of Rs 1,230 today. The counter has soared 72.27% from its 52-week low of Rs 705.25 hit on 6 January 2023.

On the BSE, 33,566 shares were traded in the counter so far compared with average daily volumes of 29,080 shares in the past two weeks.

The scrip had outperformed the market in past one month, rising 13.02% as against 0.92% decrease in Sensex.

The scrip had outperformed the market in past one quarter, jumping 22.56% as against Sensex's 1.02% rise.

The counter had also outperformed the market in past one year, surging 61.87% as against Sensex's 6.59% jump.

On the technical front, the stock's daily RSI (relative strength index) stood at 77.437. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 1,062.51, 1,039.05 and 920.01, respectively. These levels will act as crucial support zones in near term.

Narayana Hrudayalaya is one of the leading healthcare service providers in India, operating a chain of multispecialty, tertiary, and primary healthcare facilities. The company has a network of 19 hospitals and 3 heart centers across India along with overseas presence at Cayman Islands, with over 5,820 operational beds and a capacity of over 6,090 beds.

The company reported 34.2% rise in consolidated net profit to Rs 226.58 crore on 14.3% increase in revenue from operations to Rs 1,305.25 crore in Q2 FY24 over Q2 FY23.