Rainbow Hospitals leases land for 250-bed children's hospital in Amaravati

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

-2.9%Reaction day

₹1354.00

prior close

₹1337.70

announcement price

In-mkt

timing

Nifty Smallcap 250market+0.3%-3.2% vs market

Hospital peers, median of 28sector-1.8%-1.0% vs sector

On the reaction day the stock moved 3.2 pts less than Nifty Smallcap 250 and 1.0 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

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Sessions after the filingfrom the prior close

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Reaction day

-2.9+0.3-3.2-1.8-1.0

Next day

-5.5-0.9-4.6-2.3-3.2

-5.8-0.5-5.3-3.9-1.9

-8.2+0.9-9.0-3.4-4.7

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-9.5-1.5-8.1-6.2-3.3

-9.2+0.1-9.3-5.4-3.7

15d

-13.6-7.7-5.9-11.6-2.0

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UpDownMarket · Nifty Smallcap 250Sector · Hospital peers, median of 28Pending

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

AI summary

Rainbow Children's Medicare has signed a 60-year lease with APCRDA for about 2 acres in Amaravati, Andhra Pradesh. The land will be used to build a 250-bed super speciality children's hospital and perinatal care facility, developed in phases. No financial value of the lease or project cost was disclosed.

Likely market impact

Expands hospital footprint into Amaravati, supporting long-term growth. Returns will be gradual due to phased development and no cost details were shared.