India's Global Health rises after Jefferies sees gradual growth recovery

Global Health

03/12/2024 08:28

** Shares of Global Health  GLOH.NS  rise 3.3% to 1136.1
rupees apiece
    ** The hospital chain operator's stock has gained about 6%
in two sessions
    ** Jefferies on Monday said GLOH continues to witness growth
in Gurugram regions and sequential recovery in hospitals in
Lucknow and Patna
    ** Says new bed addition is on track for GLOH and expects it
to post 13% core profit growth in FY26
    ** Brokerage reiterates "hold" and PT of 1,170 rupees, an
implied upside of 9%
    ** GLOH shares up 19% in 2024 so far, mirroring the Nifty
500 index  .NIFTY500  of which it is constituent

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))