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Synopsis
Reasonable valuations, healthy financials, and growing interest of investors in the hospitals segment have worked in favour of Medanta. While the stock isn’t overpriced compared to its peers, its performance will depend on consistent improvement in earnings over the next few quarters. So, what will be the company’s levers of growth?
Last week, Global Health Ltd, the company which operates hospitals under the brand Medanta, made a strong debut on the Indian stock exchanges. Its shares gained 19% on the listing day. At Thursday’s close of INR462.50 per share, the stock is around 38% up from its issue price of INR336. The company’s initial public offering (IPO) had also garnered good interest. It was oversubscribed 9.58 times.Reasonable valuations, healthy financials, and
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