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VERIFIEDET Stocks·positive
Why Jefferies is bullish on Manipal Hospitals after its ₹9,000 crore acquisition spree
AI Summary
- ·Jefferies initiated coverage on Manipal Hospitals with a Buy rating and a target price of Rs 870.
- ·The brokerage anticipates robust earnings growth fueled by Sahyadri Hospitals' turnaround, new bed additions, increased utilization, and operating leverage.
- ·Key risks to the investment case include execution challenges at Sahyadri and heightened competition in Bengaluru.