Vijaya Diagnostic Centre gets a new MD & CEO; check stock reaction

Shares of Vijaya Diagnostic jumped more than 1 percent in early trade on September 25 post the announcement of a new MD & CEO.

At 9:24 am the Vijaya Diagnostic stock was trading 1.04 percent higher at Rs 460.35 on NSE.

Shareholders of the diagnostic chain at annual general meeting have approved the appointment of Sura Suprita Reddy, a part of promoter & promoter group, as Managing Director and Chief Executive officer (MD & CEO) of the company for five consecutive years with effect from July 1, 2023. Sura has been associated with the company since 2003, and has been heading the overall strategy, clinical excellence, operations, and expansion of the company since 2003.

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Vijaya Diagnostic Centre Limited was founded by S Surendranath Reddy in 1981. Currently, the firm has more than 90 diagnostic centres in Hyderabad.

Shareholding Pattern of Vijaya Diagnostic

Promoters who 54.98 percent stake in the company. FIIs and DIIs own 20.27 percent and 19.02 percent stake respectively. The remaining 5.73 percent of the stake is owned by the Public.

Stock Performance

Vijaya Diagnostic Centre stock has given a return of 1.85 percent over the last six months. The benchmark Nifty50 index has given a return of 15.83 percent over the same duration.

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