Stocks associated with the “Healthcare” sector are in focus after the Supreme Court criticized the Central Government over its failure to specify the range of rates within which Private Hospitals and other clinical establishments can charge for treatment services. The same being constituted about 12 years ago, it has not been enforced yet.
Moreover, the apex court said that if the Central Government, along with the states, does not come out with a proposal for hospital rates in line with the Clinical Establishment Act (CEA), the Central Government Health Scheme (CGHS) rates across hospitals will be imposed as an interim measure.
Listed below are some of the Private players in the healthcare sector that plunged up to 10 percent in 2 consecutive trading sessions due to the factors mentioned above:
Krishna Institute Of Medical Sciences Limited (KIMS)
With a market capitalization of Rs 17,700 crores, the stocks of Krishna Institute Of Medical Sciences Limited opened their trading session on Friday at Rs 2,230 and currently trade at Rs 2,205.45, slipping approximately 2.30 percent.
The company’s intra-day low was recorded at Rs 2,120.05 indicating a fall of around 6 percent compared to the previous close of Rs 2,257.20 apiece. In the past two trading sessions, the company’s share price dipped by almost 6 percent.
Aster DM Healthcare Limited
With a market capitalization of Rs 22,960 crores, the stocks of Aster DM Healthcare Limited opened their trading session on Friday at Rs 474.50 and currently trade at Rs 461, slipping approximately 2.30 percent.
The company’s intra-day low was recorded at Rs 446.40 indicating a fall of around 5.30 percent compared to the previous close of Rs 471.40 apiece. In the past two trading sessions, the company’s share price dipped by almost 4 percent.
Fortis Healthcare Limited
With a market capitalization of Rs 30,120 crores, the stocks of Fortis Healthcare Limited opened their trading session on Friday at Rs 399 and currently trade at the same price, slipping approximately 2.20 percent.
The company’s intra-day low was recorded at Rs 390 indicating a fall of around 4.40 percent compared to the previous close of Rs 408 apiece. In the past two trading sessions, the company’s share price dipped by almost 5 percent.
Narayana Hrudayalaya Limited
With a market capitalization of Rs 26,380 crores, the stocks of Narayana Hrudayalaya Limited opened their trading session on Friday at Rs 1,339.05 and currently trade at Rs 1,298.80, slipping approximately 3.20 percent.
The company’s intra-day low was recorded at Rs 1,296.30 indicating a fall of around 3.40 percent compared to the previous close of Rs 1,341.95 apiece. In the past two trading sessions, the company’s share price dipped by almost 4.30 percent.
Max Healthcare Institute Limited
With a market capitalization of Rs 71,440 crores, the stocks of Max Healthcare Institute Limited opened their trading session on Friday at Rs 786.60 and currently trade at Rs 735.10, slipping approximately 7.30 percent.
The company’s intra-day low was recorded at Rs 706.45 indicating a fall of around 11 percent compared to the previous close of Rs 793.35 apiece. In the past two trading sessions, the company’s share price dipped by almost 10 percent.
Written by Amit Madnani
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