India's Max Healthcare gains after UBS upgrades to 'buy'

Max Healthcare Institute

18/02/2025 04:26

** Shares of India's Max Healthcare Institute  MAXE.NS  jump
as much as 3.2% to 1,047 rupees; last up 1%
    ** UBS upgrades hospitals operator to "buy" from "neutral",
hikes PT to 1,200 rupees from 610 rupees 
    ** Brokerage calls MAXE a "well-oiled machine" and says it
stands out among peers Apollo Hospitals  APLH.NS  and Fortis
Healthcare  FOHE.NS  due to its "relentless execution" in bed
additions and quick break-even of new hospitals
    ** Stock set for third straight session of gains 
    ** Avg rating on MAXE, APLH and FOHE at "buy" - data
compiled by LSEG
    ** All 3 stocks trading lower YTD, with MAXE's 9% decline
below APLH's 13% fall and FOHE's 15% drop


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))