Paras Healthcare Shares Hit Record High After Market Debut

Paras Healthcare shares hit a record high of 777 rupees per share after bouncing back from an early drop on Thursday, October 29. The stock rose 5.4 percent following a market debut on Wednesday where it closed up over 6 percent from its issue price. On the BSE and NSE, the stock opened at 720 rupees, marking a 3.89 percent premium over the initial public offering price of 693 rupees per share. The 1,450 crore rupee initial public offering was subscribed 2.23 times by the final day of bidding. The share sale included a fresh issue of 500 crore rupees and an offer for sale of 950 crore rupees by promoter Dharminder Kumar Nagar and investor Commelina Ltd. Based in Gurugram, the company runs eight hospitals across five states and one Union Territory. Choice Institutional Equities started coverage with a buy rating and a target price of 900 rupees. The brokerage expects strong growth driven by specialised care services like cardiac sciences and oncology. Dr Ravi Singh from Master Capital Services noted that India's healthcare delivery market was valued at up to 7.8 lakh crore rupees in FY26 and could reach 12.2 lakh crore rupees by FY30.

Context

Healthcare sector initial public offerings often draw strong interest due to rising demand for quality medical services across urban and semi-urban regions. Stock market analysts track earnings growth and operational efficiency to judge long-term value after a company starts public trading.