Unihealth Hospitals shares hit the 5% upper circuit on Monday, July 6, following the company’s announcement that its board had approved the acquisition of an additional 49.81% equity stake in Uganda’s Victoria Hospital.
The transaction brings Unihealth’s total ownership in the Ugandan facility to 99.81%, effectively consolidating control over the asset.
The move underscores the company’s strategic pivot toward international growth markets, particularly in Africa, where healthcare infrastructure demand is rising.
The sharp price action reflects investor enthusiasm for the expansion thesis, even as broader Indian equity markets faced headwinds.
Healthcare stocks have emerged as a defensive haven for investors rotating out of technology and other cyclical sectors, with peers like Park Medi World also posting gains.
Park Medi World shares climbed to an all-time high of ₹303.70 on the same day, rising 4.45% despite overall weakness on Dalal Street.