Kotak Mutual Fund Buys Over 5% Stake In Park Medi World; Nuvama Sees Rs 280 Target

After disclosing the acquisition of equity shares in Park Medi World Limited, Kotak Mahindra Mutual Fund (KMMF) now owns more than a 5% stake in the firm. Prior to the transaction under consideration, Kotak Mahindra Mutual Fund held 2,15,91,213 equity shares of Park Medi World Limited, which accounted for 4.9988% of the company's total ownership and voting capital, according to the statement issued on March 13. An additional 1,75,164 equity shares, representing 0.0405% of the company's share capital, have been bought by the fund via an open market transaction.

After this deal, Kotak Mahindra Mutual Fund currently owns 2,17,66,377 equity shares in Park Medi World Limited, representing 5.0393% of the company's total shareholding and voting rights. As a result of this action, the mutual fund surpassed the key 5% ownership limit, triggering the takeover regulations' regulatory disclosure obligation.

The shares were acquired through schemes managed by Kotak Mahindra Asset Management Company Limited, Kotak Mahindra Mutual Fund's investment manager. The transaction was finalized on March 11, 2026. The disclosure was signed by Jolly Bhatt, Compliance Officer of the asset management company. According to the statement, both before and after the transaction, Park Medi World Limited's equity share capital was 43,19,30,864 equity shares with a face value of Rs 2. The transaction only comprised secondary market acquisitions rather than the issue of new shares, as evidenced by the company's total diluted share capital and voting capital being unchanged.

After brokerage firm Nuvama Wealth Management issued a buy call on Park Medi World Ltd., a healthcare stock, with a target price of Rs 280, the stock attracted market interest. By the end of 2025, the organization had grown into a sophisticated network of 14 NABH-recognized multi-super speciality hospitals with 3,250 beds. It is the second-largest network of private hospitals in North India, with a pipeline underway to broaden its total capacity to around 5,260 beds by March 2028.

Park Medi World Ltd.'s (PARKHOSPS) share price is Rs 181.74 on the NSE as on March 16, 2026, at 02:05 PM IST. The stock was down 5.62% from its previous close of Rs 192.56. The stock began trading at Rs 190.00 and has moved between Rs 181.06 and Rs 194.00 during the day. With 5,45,557 shares traded so far today, trading activity is still comparatively strong. The share price has fluctuated significantly over the last 52 weeks, from a low of Rs 138.10 to a high of Rs 208.72. Based on current findings, valuation indicators indicate a Price-to-results (P/E) ratio of around 29.72; however, some TTM (Trailing Twelve Months) projections set it higher at 263.77.

Operating under the brand Park Hospitals, Park Medi World Limited is the largest private hospital chain in Haryana and the second largest in North India. In order to finance debt repayment and the construction of additional hospitals, the firm went public in December 2025 with an IPO of Rs 920 crore. On March 29, 2026, a multispecialty hospital in Panchkula is expected to open for business.