India's hospital stocks slide as Supreme Court flags high medicine pricing

Manipal Health Enterprises

30/09/2026 07:33

** India's Apollo Hospitals Enterprise APLH.NS, Max Healthcare MAXE.NS slide 5.6% and 5%, respectively; top two pct losers on benchmark Nifty 50 index .NSEI
** Other hospital chain operators also fall: Manipal Health MNIA.NS and Fortis Healthcare FOHE.NS down 3.9% and 5.2%
** Healthcare index .NIFHEIN down 2.5%
** India's Supreme Court flags higher mark-up of prices for certain medicines in hospitals' in-house pharmacies, per a report from legal news platform Bar & Bench
** Apex court questions government on why uniform 16% margin cap cannot be enforced across all pharmaceutical products under Essential Commodities Act, as per the report
** Court was hearing a petition seeking mandatory generic drug prescriptions, strict initial price controls on non-scheduled medicines, and maximum retail price caps on medical devices
** Healthcare index biggest pct loser among 16 major sectors, trims YTD gains to 10.4%




 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))