HSBC initiated coverage on Krishna Institute of Medical Sciences (KIMS) with a ‘buy’ rating while assigning ‘reduce’ rating to Global Health (Medanta) and Narayana Hrudayalaya. The brokerage has a ‘buy’ rating on Apollo Hospitals and Aster Healthcare. “We retain our positive view on the growth outlook for the hospital sector on intact structural drivers: An … Read more
Shares of Apollo Hospitals rallied 3.4% in Friday’s early trade to the day’s high of Rs 5,955 after the company reported a 77% year-on-year (YoY) jump in its net profit. The company’s revenue from operations in the January-March 2024 period increased 15% YoY to Rs 4,944 crore and the board of directors have also recommended … Read more
We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Zomato: Underperform| Target Rs 96Macquarie maintained an underperform rating on Zomato with a target price of Rs 96. The competitive intensity is rising. Multiple incumbent e-commerce platforms have announced renewed ambitions in Qcom. The global investment bank … Read more
“If trouble comes when you least expect it, then maybe the thing to do is to always expect it.” Cormac McCarthy Considered in a proper historical and comparative perspective, the 30-share Sensex, which breached the 25,000 mark in May 2014 and the 50,000 mark on January 21, 2021, smashed the psychological 75,000 barrier, zooming to … Read more
Hospital stocks fell up to 11% on Friday, witnessing their second successive decline following the Supreme Court’s diktat on cost rationalisation. The biggest loser on an intraday basis was Max Healthcare Institute which hit the day’s low of Rs 706.45 on the NSE. It was followed by Yatharth Hospital & Trauma Care Services which plunged … Read more
Apollo Hospitals Enterprises Ltd, part of the hospital sector, breaks out from a 72-week consolidation range and a downward-sloping trendline on the weekly charts has opened room for the stock to head towards a fresh 52-week high. The stock hit a 52-week high of Rs 5362 on 28 July 2023, but it failed to hold … Read more
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. Synopsis Fortis Healthcare and Healthcare Global Enterprises hit a record highs on Tuesday, Apollo Hospitals and KIMS did so last week. All leading listed healthcare players have hit … Read more
Indian market is likely to consolidate on Monday tracking mixed global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 closed below 19700 levels on Friday. India VIX was down by 3.52% from 10.51 to 10.14 levels in the previous trading session. Volatility has been moving in a range for the … Read more
New Delhi: Artificial Intelligence (AI) can help fight systemic challenges straining global healthcare systems with AI-driven diagnosis, infectious disease intelligence and clinical trial optimisation showing the highest potential, a new study said on Monday. The report published by the World Economic Forum (WEF) cited several case studies, including one from India, to highlight the transformative … Read more
Brokerage firm JPMorgan initiated coverage on Apollo Hospitals with an overweight rating, InCred initiated coverage on HEG with an add rating and Jefferies has a buy rating on Dalmia Bharat. Morgan Stanley downgraded Tata Chemicals to equal-weight and maintained an overweight rating on Indigo. We have collated a list of recommendations from top brokerage firms … Read more