Indian hospital chains fall as panel seeks tighter pricing curbs
BUZZ-Indian hospital chains fall as panel seeks tighter pricing curbs ** Shares of Indian hospital chains fall between 1.23% to 5.38%
** A Parliamentary Standing Committee recommended benchmarking private hospital room charges, introducing fixed package rates for standard medical and surgical procedures
** Jefferies analaysts expect the proposals will face consultations and industry pushback, limiting near-term earnings risk for hospital operators
** We see limited earnings risk for hospital operators, and any sector-led correction should be viewed as a buying opportunity -- Jefferies
** The committee takes a tougher stance on private hospitals, citing concerns over high out-of-pocket healthcare costs and affordability – Macquarie
** Fortis Healthcare FOHE.NS falls the most, down 5.38%
** Max Healthcare MAXE.NS down 3.36% while Apollo Hospitals APLH.NS down 2.43%
(Reporting by Urvi Dugar in Bengaluru)
Recent news on Fortis Healthcare
See all newsIndian healthcare stocks fall after cancer drug price cuts
Indian hospitals face limited impact from cancer drug price cap, Goldman Sachs says
India hospital stocks extend losses on drug pricing concerns; Jefferies sees buying opportunity
India's hospital stocks slide as Supreme Court flags high medicine pricing
India's top court allows forensic audit in Fortis-IHH Healthcare unit case (updated)