New Delhi, May 5 -- Park Medi World share price rallied over 2% to hit a record high on Tuesday, extending its gains for the second session in a row. Park Medi World shares gained as much as 2.16% to a new high of Rs.245.40 apiece on the BSE.

The gains in Park Medi World share price comes amid a sharp fall in the broader Indian stock market today. The benchmark indices, Sensex and Nifty 50 dropped over 0.7% each amid strong selling across the board.

Park Medi World announced that its subsidiary Park Medicenters & Institutions Private Limited has decided to incorporate an wholly-owned subsidiary in the name and style of "Healplus Medical Services Private Limited" or "Healplus Healthcare Private Limited" or such other name as may be appro...