Strong earnings along with health, those investing in the healthcare sector are making huge profits
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New Delhi: India’s healthcare sector has improved its performance after emerging from the shadow of the Covid pandemic. Apart from treating patients, this sector has also given investors an opportunity to earn huge profits. The stock of Apollo Hospitals made it to the Nifty-50 index last year. In May this year, Max Healthcare was included in the MSCI India Standard Index.
According to the news published in ET, Fortis Healthcare and Global Enterprises achieved record high in the stock market on Tuesday after the strong performance of Apollo Hospitals and KIMS last week. All major listed healthcare companies have hit record highs in the stock market in the weeks leading up to June-quarter. This has also helped the hospital to improve its health services. Most of the big hospitals are expanding their services, entering new medical fields.Hospital Record High Date Return (one year)
According to the news published in ET, Fortis Healthcare and Global Enterprises achieved record high in the stock market on Tuesday after the strong performance of Apollo Hospitals and KIMS last week. All major listed healthcare companies have hit record highs in the stock market in the weeks leading up to June-quarter. This has also helped the hospital to improve its health services. Most of the big hospitals are expanding their services, entering new medical fields.
Large hospital chains are acquiring smaller, regional hospitals, as well as capital coming from private equity investors. According to data from Equirus Research, there have been 12 deals in the healthcare sector since the beginning of this year, compared to 10 in 2022 and 8 in 2021. Baring Private Equity Asia is set to pick up 60% stake in Indira IVF in India. The company is valued at $1.1 billion. Earlier in April, Singapore’s sovereign wealth fund Temasek made the biggest deal in Indian healthcare by buying a stake in Manipal Health Enterprises for over $2 billion.
Hospital Record High Date Return (one year)
- Apollo 5,362 July 28 16.4%
- Fortis 349.9 Aug 1 28.3%
- Aster DM 336.4 July 4 35.1%
- Max 630 June 19 56.5%
- Narayana Hrudayalaya 1,077 21 Jun 53.1%
- Healthcare Global 346.8 Aug 1 25.9%
- KIMS 2075 July 25 52.8%
- Rainbow 1,139 July 21 125.8%
- Global Health 728.5 July 20 64.2%
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