{
  "id": 8149733,
  "title": "Artemis Medicare Services stock surges 26% as expansion plans boost investor confidence",
  "url": "https://urgent.news/2026/09/18/artemis-medicare-services-stock-surges-26-as-expansion-plans-boost",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T01:52:28.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/artemis-medicare-services-stock-surges-26-as-expansion-plans-boost-investor-confidence/articleshow/134323761.cms"
  },
  "original_language": "en",
  "account": "Artemis Medicare Services' stock has surged by 26% over the past three months, outperforming both the BSE Healthcare index by 26% and the broader BSE Sensex by 3.7%. The company is in the process of expanding its capacity in Gurugram, Raipur, and South Delhi, aiming to reach around 2,000 operational beds by FY30 from the current 1,100 beds.\n\nAnalysts have maintained a buy rating on the stock with a target price 30% higher than the current closing price of ₹331. The newly operational Artemis Shanti Hospital in Raipur, with a capacity of 300 beds, is expected to contribute significantly to the company's growth despite incurring an operating loss of around ₹20 crore during its ramp-up phase. The hospital is anticipated to break even within 15-18 months as patient utilization improves.\n\nInternational patients, who generate higher average revenue per operating bed (ARPOB) than domestic patients, accounted for 27% of the company's revenue in the June quarter, and analysts expect this mix to either approach or exceed 30% in the September quarter. The Gurugram facility, which contributes over 95% to the company's revenue, is expected to raise its occupancy rate from 65.7% in the June quarter to 70-75%.\n\nThe VIMHANS project in South Delhi, expected to become operational in FY29, will add another significant growth leg beyond FY28. The hospital will initially have 450 beds, with the addition of 200 beds planned subsequently. Artemis expects this project to support average revenue per operating bed and improve the company's EBITDA margins.",
  "summary": "In a significant expansion move, Artemis Medicare Services plans to increase its hospital capacity, targeting nearly two thousand operational beds by 2030. The anticipated growth in international patient numbers and improved utilization rates are expected to contribute to revenue boosts. With new facilities in the pipeline, earnings are projected to see a considerable rise, prompting analysts to…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}