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Aster DM Healthcare Stock Skyrockets 14% on Special Dividend Announcement (New 52-Week High!)

Dividend Payout and Strong Financials Fuel Investor Optimism

Aster DM Healthcare: Lucknow, India – April 15, 2024 – Aster DM Healthcare (NSE: ASTDM), a leading healthcare provider in the GCC region and India, witnessed a stellar rise in its share price on Friday. The stock surged over 14.4%, reaching a new 52-week high of ₹558.30 per share on the Bombay Stock Exchange (BSE).

This significant jump comes on the heels of the company’s announcement regarding a special dividend of ₹118 per share, approved by the board of directors. Investors reacted positively to the news, with the dividend payout fueling a surge in demand for the stock.

The special dividend likely reflects Aster DM Healthcare’s strong financial performance. The company reported impressive results for the quarter ending December 2023, with a net profit growth of 23% year-on-year. This positive financial outlook, coupled with the attractive dividend, has bolstered investor confidence in the company’s future prospects.

Aster DM Healthcare’s share price has been on a positive trajectory overall. Year-to-date, the stock has witnessed a growth of over 20%, while the past year has seen a remarkable surge of more than 95%. This upward trend is likely to continue attracting investor interest, especially considering the company’s commitment to shareholder value through dividend payouts.

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E-paper:  Divya Sandesh

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