Aster DM Healthcare shares climbed 11% today. What analysts say on GCC stake sale

Aster DM Healthcare climbed over 11 per cent in Friday’s trade to hit a record high level following the much-awaited Gulf Co-Operation Council (GCC) stake, which is seen unlocking value for shareholders. Analysts said despite a related-party transaction, the GCC stake sale valuations were reasonable.

Brokerage Prabhudas Lilladher said adjusted for GCC stake, Aster DM Healthcare’s India business is trading at 19 times and 15 times EV/Ebitda on FY25E and FY26, respectively. This, the brokerage said, is at 15-30 per cent discount to Aster DM…