Indian hospital operators rise as HSBC forecasts revenue growth in 2025

Rainbow Childrens Medicare

29/11/2024 09:33

** Shares of Apollo Hospitals  APLH.NS  Krishna Institute of
Medical Sciences  KRII.NS , Aster DM Healthcare  ATRD.NS  and
Rainbow Children's Medicare  RAIB.NS  rise 0.1%, 1.5%, 2.5% and
3%, respectively
    ** HSBC reiterates "buy" on all four stocks, raises target
price on ATRD and RAIB to Street highs of 550 rupees and 1,800
rupees
    ** A significant capex cycle is underway for hospitals in
India to cater to the strong demand for quality healthcare, says
HSBC
    ** Hospital stocks will see strong revenue growth and steady
rise in bed additions in 2025, it says
    ** Rise in hospital stocks boosts healthcare sub-index
 .NIFHEIN  by 2.2%

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