Business · India Bureau
Manipal Hospitals crosses ₹1 trillion market value as HSBC issues buy call
Shares of the healthcare chain surged 13 percent over a week following international research house HSBC's initiation of coverage with a 'Buy' rating. The stock move pushed the company's market capitalization above the ₹1 trillion mark.
LSN India ·
Manipal Hospitals has joined India's exclusive club of healthcare companies valued at over ₹1 trillion, driven by strong investor sentiment following fresh coverage from HSBC Global Investment Research. The brokerage initiated its outlook on the hospital operator with a 'Buy' rating, citing growth prospects in the sector.
The endorsement from the international research house catalyzed a sharp rally in the stock, which climbed 13 percent over a seven-day period. HSBC set a target price of ₹1,000 per share, signaling confidence in the company's medium-term earnings trajectory and strategic positioning within India's expanding healthcare ecosystem.
The valuation milestone reflects growing investor interest in India's healthcare delivery space, particularly for organized hospital chains with multi-state footprints and established operational track records. Manipal Hospitals operates a network of facilities across multiple regions and has been among the larger private sector healthcare providers in South Asia.
The stock's recent momentum adds Manipal Hospitals to a select group of healthcare service providers commanding nine-figure market capitalizations in India, underscoring the sector's appeal to institutional investors seeking exposure to rising healthcare spending and demographic tailwinds across the region.