Indian hospital stocks hit new records on JPM's bullish view

Max Healthcare Institute

15/06/2023 06:24

** India's Apollo Hospital Enterprise  APLH.NS  jumps 2.15% 
to a 52-week high, is among top Nifty 50  .NSEI  gainers
    ** Max Healthcare Institute  MAXE.NS  and Global Health
 GLOH.NS  hit fresh record highs
    ** Fortis Healthcare  FOHE.NS  rises 4.45% to a 7-month high
    ** JP Morgan starts coverage; cites compelling growth
prospects, incl 19% CAGR EBITDA growth over FY23-26
    ** JPM rates APLH and MAXE "overweight" and rates APLH and
FOHE "neutral"
    ** Sees structural demand, cost management, capacity
expansion as triggers for next leg of growth

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))