Synopsis
Improving financials of hospital chains, future growth prospects of the sector itself have attracted investors to hospital stocks. But while Apollo Hospitals and Max Healthcare led the gains post Covid-19, this calendar year Narayana Hrudayalaya has outperformed other major hospital stocks with a 72% rise in its share price. What lies ahead for the Bengaluru-based company?
Devi Shetty-run Narayana Hrudayalaya has had a hearty Diwali. The company’s shares are at an all-time high, the business is doing well, and investor sentiment is positive. Ever since the hospital chain reported better-than-expected earnings for the second quarter of FY24 on November 13, 2023, the stock has run up 14%. But these are not just one-off gains. The stock has been consistently rising over the last three years buoyed by improving
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