Max Healthcare shares jump 3% as Jefferies reaffirms bullish outlook despite regulatory concerns
Despite this, brokerage firm Jefferies has maintained a bullish stance on the sector, retaining Max Healthcare and Fortis Healthcare as its top picks. Jefferies noted that such regulatory headlines often lead to temporary weakness but eventually create attractive buying opportunities.
The brokerage emphasized that private hospitals play a vital role in expanding India's healthcare infrastructure and warned that aggressive price caps could impact bed capacity additions. Max Healthcare continues to lead in the NCR region, backed by strong ARPOB metrics, while Fortis benefits from improving margins and network growth.
Jefferies believes the long-term demand outlook and solid fundamentals remain intact for the sector, despite intermittent regulatory noise.
Max Healthcare shares opened at ₹1,230 and touched a high of ₹1,258 during the session. The stock also hit a low of ₹1,220. Over the past 52 weeks, the share price has moved between a low of ₹836.60 and a high of ₹1,314.30.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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