HSBC initiates India's Manipal Health Enterprises with 'buy'
28/08/2026 08:29
BUZZ-HSBC initiates India's Manipal Health Enterprises with 'buy' ** HSBC initiates Manipal Health Enterprises MNIA.NS with "Buy" and PT of 1,000 rupees
** Brokerage expects hospital operator to focus on improving asset utilisation and operational profitability, after doubling bed capacity since FY23
** Brokerage sees clear scope for revenue and earnings growth, supported by better EBITDA margins after acquiring Sahyadri Hospitals, an improved hospital mix, plans to add about 2,500 beds in fiscal 2027-2030, and a strong balance sheet
** Estimates EBITDA CAGR at 19.3% over FY26-29e; estimates revenue CAGR at 17.9% over the same period
** Shares down 0.9% at 791.2 rupees
** Stock up 21.4% since trading debut on August 5
(Reporting by Mridula Kumar in Bengaluru)
Recent news on Manipal Health Enterprises
See all newsIndian firms defy stock market slump with record $25 billion half-year equity fundraise
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
Axis initiates coverage of India's Manipal Health with 'buy' on growth, M&A track record
India's Manipal Health gains as brokerages begin coverage