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Apollo, Max Health, other hospital stocks rally up to 5% despite cancer drug price caps. Why Jefferies stays bullish ↗

Hospital stocks rose up to 5% after the government capped trade margins on non-scheduled anti-cancer drugs at 30%, potentially reducing medicine prices by 70%. Jefferies and Emkay expect manageable earnings impacts, despite near-term margin pressures. Jefferies favours Fortis, Manipal, Apollo, Max Healthcare and Medanta, citing strong demand and attractive valuations.

From The Economic Times Stocks

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2 sources

  1. The Economic Times Stocks · 9 Oct, 11:14 IST
  2. The Economic Times Markets · 9 Oct, 11:14 IST

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