India's Manipal Health rises as Jefferies starts with 'buy'
BUZZ-India's Manipal Health rises as Jefferies starts with 'buy' ** India's Manipal Health Enterprises MNIA.NS rise 1.9% to 743.50 rupees
** Jefferies initiates coverage with "buy" and an 870 rupees PT
**Says the hospital operator is India's only private player with leadership positions across Bengaluru, Kolkata and Pune
** Brokerage forecasts FY26-FY29 revenue and EBITDA CAGR of 17% and 19%, respectively, driven by bed additions, scale benefits and Sahyadri integration
** Expects EBITDA margin to expand 140 bps to 26.6% by FY29 as profitability improves across acquired asset
** Says planned addition of 2,426 beds by FY30 and a strong acquisition turnaround track record support long-term growth
** Avg rating of three analysts at "buy"; median PT is 867.50 rupees - LSEG compiled data
** Stock up 11.5% since listing on Aug 5
(Reporting by Kashish Tandon in Bengaluru)
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