HSBC Initiates Coverage on Manipal Health with Rs 1,000 Target Price
· Business · Economic Times, Business Standard
HSBC has initiated coverage on Manipal Health Enterprises with a Buy rating and a target price of Rs 1,000, suggesting a 26% upside from current market levels. The brokerage cited multiple growth levers, including improved hospital utilisation, the turnaround of Sahyadri Hospitals, and a higher-margin specialty mix. Manipal Health, India’s largest private hospital operator, has doubled its bed capacity since FY23 and is expected to triple its adjusted PAT by FY29. HSBC forecasts net debt-to-EBITDA to improve to 0.7x in FY27E from 3.7x in FY26, driven by operational efficiency and a focus on profitability.
Why it matters
This recommendation impacts investors and stakeholders in India's healthcare sector, signaling potential growth opportunities in Manipal Health Enterprises.
Read the original report — Economic Times
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