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max healthcare shares rise after ubs upgrade with strong growth outlook

Max Healthcare shares rose over 3% to Rs 1,047 following an upgrade from UBS, which changed its rating from 'Neutral' to 'Buy' and set a target price of Rs 1,200, indicating an 18.3% upside. The brokerage highlighted the company's strong growth potential, driven by plans to double bed capacity and an efficient asset-light model, despite a 17.4% decline in net profit for Q3. Revenue, however, surged by 39.9% year-on-year, reaching Rs 1,868.3 crore.

max healthcare shares rise after ubS upgrade and target price increase

Max Healthcare shares rose nearly 3% following UBS's upgrade to 'Buy' and a target price increase to Rs 1,200. The company reported a 17.4% year-on-year drop in Q3 net profit to Rs 238.80 crore, despite a 39.9% revenue increase to Rs 1,868.3 crore. Analysts remain optimistic about its growth potential, particularly with plans to double bed capacity in three years.

Max Healthcare shares rise after UBS upgrade to buy rating

Shares of Max Healthcare Institute surged by 3.2% to 1,047 rupees following an upgrade from UBS to "buy," with a price target raised to 1,200 rupees. The brokerage praised Max Healthcare for its effective execution in expanding bed capacity and quickly achieving profitability in new hospitals. Despite this positive outlook, all three major hospital stocks, including Apollo Hospitals and Fortis Healthcare, have seen declines this year, with Max Healthcare down 9%.

ubs upgrades max healthcare to buy citing strong growth potential

UBS has upgraded Max Healthcare to a 'buy' rating, raising the target price to Rs 1,200 from Rs 610, citing efficient execution in bed additions and profitable acquisitions. The brokerage anticipates the company's bed capacity will double in three years, highlighting strong occupancy rates and an asset-light model that provides a competitive edge. Despite a recent 13% stock decline, UBS views this as an attractive entry point, noting minimal impact from insurance price negotiations on larger chains like Max.

NSE adds 45 new stocks to futures and options trading segment

The National Stock Exchange (NSE) has expanded its futures and options (F&O) segment by adding 45 new stocks, effective November 29, 2024, increasing the total to 223. This inclusion, following SEBI’s revised criteria, aims to enhance liquidity and market participation, featuring notable stocks like LIC, Jio Financial Services, and Zomato. Analysts anticipate that this move will boost trading volumes and improve price discovery for these stocks.

bangladesh visa halt significantly impacts india's medical tourism revenue

India's medical tourism revenue has significantly declined following the halt of visas for Bangladeshi nationals amid political turmoil. Major hospitals reported a 25-40% drop in Bangladeshi patient volume, with Apollo Hospitals noting a 15% decrease in overall international revenue. Despite a recovery in patient flow, it remains below last year's peak levels, with the Indian government currently issuing only emergency visas for Bangladeshis.

max healthcare stock declines as sector underperforms but long term outlook remains positive

Max Healthcare Institute experienced a -3.41% decline in stock price on November 11, 2024, amid an underperforming healthcare sector, falling -1.74% below the sector average. Despite this short-term drop, the stock is recommended as 'Hold' by MarketsMojo, reflecting strong long-term performance, trading above its 20-day to 200-day moving averages. In the past month, it has shown a positive return of 10.28%, contrasting with the Sensex's -2.27%.

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