HSBC has assigned a “Reduce” rating to Narayana Hrudayalaya (NH), with a target price of ₹1,000. The healthcare provider is making substantial investments to enhance its operational efficiency and expand patient services across key markets.
However, HSBC foresees a margin pressure due to the costs associated with its new hospital in the Cayman Islands, as well as increased spending on its Indian facilities. The bank notes that the positive impact from these investments is likely to take at least 2-3 years to materialize.
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Narayana Hrudayalaya