Shares of Hampton Sky Realty were trading in the green and 2% higher on 15 January after the company announced receiving approval for constructing a hospital.

In its regulatory filing, the company said that they have received approval to begin construction on the Hampton Narayana Superspeciality Hospital project.

The construction of the said hospital will commence next week with a total investment of Rs 200 crore. The hospital is located on NH-5, which connects Chandigarh and Ludhiana.

In its quarterly report for July-September, the company reported a 255% year-on-year increase in its net revenue to Rs 61.79 crore during the quarter from Rs 17.38 crore reported in the same quarter last year.

However, the company reported a 22% YoY decline in its net profit to Rs 2.64 crore during the quarter from Rs 3.39 crore reported in the same quarter of the previous fiscal year.

According to the latest shareholding pattern, the promoters of the company own a 74.81% stake in the company, whereas the general public holds a 22.89% stake, and the remaining 2.30% is held by foreign institutional investors.

At 3:30 pm, the shares of Hampton Sky Realty shed all their gains and were trading 2.14% lower at Rs 47.99 on BSE.