Anand Rathi initiates coverage on 6 hospital stocks, recommending buy for Max Healthcare, Rainbow Childrens Medicare, KIMS, and Jupiter Life-Line Hospitals, while suggesting hold for Global Health (MEDANTA) and Narayana Hrudayalaya. They cite India s healthcare market potential, driven by demographic changes and non-communicable diseases, forecasting 15% CAGR to Rs 7.7 lakh crore by FY25.
Brokerage firm Jefferies remains bullish on hospital stocks due to their strong growth prospects and advices investors to use any meaningful stock correction as a buying opportunity.
Brokerage Anand Rathi Shares and Stock Brokers is bullish on the company, and has initiated coverage on the stock with a “buy” rating and a price target of Rs 1,300, implying an upside potential of over 20% from the current levels over the next 12 months.
And I think a lot of the smaller companies will, if they have a good business model, good management team, if they are on the right side of tech disruption or if they are part of a global theme.
“Motilal Oswal Financial Services likes both Apollo Hospitals as well as Max Healthcare. The hospital sector is witnessing strong tailwinds given the increased penetration of insurance and higher international patients flow, as well as the enhanced healthcare awareness after the pandemic that the world witnessed over the last few years.”