HSBC maintains a positive outlook on India’s hospital sector, forecasting significant bed additions in 2025. Seven covered hospitals are expected to contribute approximately 40% of the planned capacity expansion. Revenue growth is anticipated to remain robust, though EBITDA margins may experience slight pressure due to increased capital expenditures.
- Apollo Hospitals: Buy, Target Price ₹8,220
- KIMS: Buy, Target Price ₹670
- Rainbow Children’s Hospital: Buy, Target Price raised to ₹1,800
- Aster DM Healthcare: Buy, Target Price raised to ₹550
The sector’s growth is underpinned by a favorable demand environment and aggressive expansion strategies.
