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Decoding Narayana stock spurt

November 21, 2025

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Mint Ahmedabad

Narayana Hrudayalaya Ltd investors must be in the pink of health.

- Manish Joshi feedback@livemint.com

The stock has advanced 57% so far in calendar 2025.

In fact, it surged l4% in the past three trading sessions, reacting to its solid September quarter results announced on 4 November.

The rally was accompanied by a sharp surge in trading volumes. The company, responding to an 18 November query from the BSE, said there is no pending information or announcement that may have a bearing on the price/volume behaviour of its shares. It added that it does not have any comments on the volume spike, which is market driven.

Narayana Hrudayalaya is now the fourth-largest hospital by market capitalization. Its overseas presence sets it apart from the three larger peers—Max Healthcare Institute Ltd, Apollo Hospitals Enterprise Ltd and Fortis Healthcare Ltd. Narayana’s facilities in the Cayman Islands in the Western Caribbean accounted for over 25% of revenue in Q2 of FY26.

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