Shares of Rainbow Children’s Hospital saw a 2% jump after HSBC raised the target price to Rs 1,800.
HSBC maintains a positive outlook on India’s hospital sector, projecting significant bed additions in 2025. With 40% of the planned capacity expansion coming from seven covered hospitals, revenue growth is expected to remain strong. However, EBITDA margins may face slight pressure due to rising capital expenditures.
Stock Performance Today:
- Open: Rs 1,534.35
- High: Rs 1,561.50
- Low: Rs 1,518.55
- 52-week High: Rs 1,709.60
- 52-week Low: Rs 1,069.00
As of 11:25 am, Rainbow Children shares were trading 2.09% higher at Rs 1,556.00 on the NSE.
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