Indian healthcare stocks fall after cancer drug price cuts

Global Health

Today 07:31

** Shares of Indian healthcare services provider fall after government said the country will reduce the prices of as many ​as 137 cancer drugs by ‌70% from November 9

        ** Max Healthcare Institute MAXE.NS falls as much as 2.8% to 797.2 rupees, hitting a one-year low    
** Co among top five losers on benchmark Nifty 50 .NSEI 
** Shares of Apollo Hospitals Enterprise APLH.NS down 0.5%, Fortis Healthcare FOHE.NS down 1.2%, Narayana Hrudayalaya NARY.NS down 2.2% and Global Health GLOH.NS down 2.6%  
** YTD, MAXE down 23.3%, APLH up 7.5%, FOHE down 18.4%, NARY down 10.7% & GLOH up 2% vs 13.1% fall in Nifty 50 

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))