Indian hospital chains fall as panel seeks tighter pricing curbs
BUZZ-Indian hospital chains fall as panel seeks tighter pricing curbs ** Shares of Indian hospital chains fall between 1.23% to 5.38%
** A Parliamentary Standing Committee recommended benchmarking private hospital room charges, introducing fixed package rates for standard medical and surgical procedures
** Jefferies analaysts expect the proposals will face consultations and industry pushback, limiting near-term earnings risk for hospital operators
** We see limited earnings risk for hospital operators, and any sector-led correction should be viewed as a buying opportunity -- Jefferies
** The committee takes a tougher stance on private hospitals, citing concerns over high out-of-pocket healthcare costs and affordability – Macquarie
** Fortis Healthcare FOHE.NS falls the most, down 5.38%
** Max Healthcare MAXE.NS down 3.36% while Apollo Hospitals APLH.NS down 2.43%
(Reporting by Urvi Dugar in Bengaluru)
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