According to reports, the Supreme Court flagged concerns over the wide gap between the price-to-retailer and maximum retail price of essential medicines.
MOFSL's bullish nod came as Aster DM recently merged with Quality Care India, with the brokerage firm noting that, the Aster DM Healthcare-QCIL merger creates one of India's largest hospital platforms
SPARC appears well-positioned for a short-term recovery after finding support near the 61.8% Fibonacci retracement level of the March low to July high rally.
Promoter family buys 0.57% stake from TPG-backed Centella, two months after Aster-Quality Care merger became effective
Aster DM Quality Care was formed by the merger of Aster DM Healthcare and Quality Care India Limited (QCIL). The merger brought together four healthcare brands.
At 2 PM on Wednesday, the BSE Hospital index was the top loser among sectoral indices, down 3 per cent, compared to a 0.77 per cent decline in the BSE Sensex.
Apollo Hospitals, Aster DM Healthcare, Sai Life Sciences have rallied up to 27% thus far in FY27; technical analysts remain bullish on these stocks given the favourable chart set-up.
Analysts say that the market is rewarding hospital companies not merely as defensive plays, but as scalable consumption businesses with strong pricing power, rising cash flows & long growth visibility
Strong growth in hospitals, clinics and labs drives earnings; margins expand on operating leverage and cost discipline across key regional clusters