Land allotted for new 350 plus bed hospital in Ghaziabad at Rs 165.82 cr

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MEDANTA · price

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Price reactionminutes from the announcement price · days from the prior close

-4.3%Reaction day

₹1497.00

prior close

₹1436.70

announcement price

In-mkt

timing

Nifty Midcap 150market-1.6%-2.6% vs market

Hospital peers, median of 27sector-1.4%-2.9% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Midcap 150 and 2.9 pts less than its Hospital peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

+0.1

15m

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30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.3-1.6-2.6-1.4-2.9

Next day

-4.9-2.6-2.3-1.9-3.0

-8.7-2.5-6.2-4.7-4.0

-9.4-3.5-5.8-6.2-3.2

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-12.6-2.0-10.5-5.1-7.5

-14.9-5.0-9.9-9.1-5.8

15d

-17.5-5.5-12.0-13.0-4.5

-14.3-6.1-8.2-9.4-4.9

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UpDownMarket · Nifty Midcap 150Sector · Hospital peers, median of 27Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Global Health (Medanta) secured a 10,560 sq meter freehold land parcel in Ghaziabad through UP Housing and Development Board auction for about Rs 165.82 crores. The site can accommodate a 350 plus bed hospital, subject to statutory approvals. Management is preparing a detailed project plan, pending board approval. Further updates will follow as developments occur.

Likely market impact

Expands Medanta's hospital footprint into Ghaziabad with a new future centre, but involves a sizeable upfront capital outlay before any revenue benefits.