Narayana Hrudayalaya (NHL), private healthcare service providers, made a strong debut on the stock markets on Wednesday by listing at a premium of 16.40% over issue price. At the NSE, stock opened at Rs 291 a share as against issue price of Rs 250 a share.

Currently, shares are trading at Rs 316.75, up 26.70% from its issue price. It recorded a high of 329.75 and a low of Rs 291 at the NSE (11.34 am). A total of 2,43,26,871 shares exchanged hands at the NSE. That translated into turnover of Rs 7.63 billion.

Narayana Hrudayalaya (NHL) is one of the leading private healthcare service providers in India with a strong presence in Karnataka and the Eastern region with while it is growing its presence is other parts of India as well. The company has a relatively light asset model with it owning just 1,613 out of its 5,442 operational beds. It has a strong brand name and is known for its clinical excellence and being an affordable healthcare service provider. It currently has 23 hospitals.