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.
There are some sectors where the macro structure is such that for one or the other reasons the overall growth is higher. This is not to say that growth comes without phases of slowdown, but when tailwinds come they are able to take care of all the slowdown and over a period of time, growth is much better. The growth over a period of time ensures that in bearish markets the stocks are able to perform relatively well and when bulls are back they again are able to inch higher.
Narayana Health plans to roll out insurance service by Q1 of FY 25 moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Max Healthcare Institute Ltd tanked 7.68 per cent to Rs 734. Shares of KIMS fell 3.23 per cent to Rs 2,182. Narayana Hrudayalaya shares declined 1.66 per cent to Rs 1,311.70.
The Supreme Court's diktat comes as a negative surprise for the hospitals as their pricey valuations have triggered panic on D-Street as investors rushed to book profits in these counters. Hospital stocks were trading with deep cuts on Friday
Sectors like FMCG, healthcare, and entertainment are set to benefit as market analysts re-evaluate stocks in light of the government's latest consumption expenditure data, highlighting shifts in consumer spending patterns
Broker's call: Narayana Hrudayalaya (Add) - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Narayana Hrudayalaya Share Price Today - 15 Feb 2024: Find Narayana Hrudayalaya Stock Price Live updates on Mint. Check out Narayana Hrudayalaya share price and NSE/BSE details with 52-week high, 52-week low, Dividend, Technicals, Narayana Hrudayalaya Quarterly Results, and more.