Healthcare stocks in long runway for growth; HDFC Securities initiates with ‘Buy’ on Apollo Hospitals, Medplus Health

Healthcare stocks in long runway for growth; HDFC Securities initiates with ‘Buy’ on Apollo Hospitals, Medplus Health

The industry saw some growth impact during COVID in FY21 as it grew 10% YoY to ₹8 lakh crore and subsequently a bounce-back in FY22, growing 15% YoY to ₹9.2 lakh crore, and normalized growth in FY23 at 15% YoY to ₹10 lakh crore. Going ahead, key structural drivers such as an ageing population, an … Read more

Stocks to buy: Indus Tower, Bata India among top bets, here’s why

Stocks to buy: Indus Tower, Bata India among top bets, here's why

Indian stock market: On the daily chart, the index has broken down from the rising channel, indicating a rise in bearish sentiment. The trend is likely to remain weak in the near term, with resistance noted at 22,200. As long as the Nifty remains below this level, a strategy of selling on rallies may be … Read more