Sakar Healthcare's stock rose 20% on BSE as Tata Healthcare Fund purchased a 10.8% stake in the company via equity shares. Sakar Healthcare plans to use Rs 60 crore raised via the private placement of over 23,09,910 equity shares at Rs 259.75 per equity share to purchase land and building, and reduce debt. With Tata Capital Healthcare Fund now owning 10.82% of the company, the stock has delivered multibagger returns, rallying nearly 500% over the last three years. The RSI indicates overbought conditions, whereas the latest shareholding pattern shows 60.72% is owned by the promoters.
