Hospital stocks Max Healthcare, Apollo Hospitals, Fortis plunge up to 7% - What is driving the stocks down?
New Delhi, Sept. 30 -- Hospital stocks came under strong selling pressure on Wednesday morning, with counters falling up to 7% amid heavy volume.
Stocks, such as Max Healthcare Institute (down 7%), Apollo Hospitals Enterprise (down 6%), Yatharth Hospital (down 5%), Fortis Healthcare (down 6%), Artemis Medicare Services (down 5%), and Aster DM Quality Care (down 5%), crashed 5-7%.
Other players from the segment, such as HealthCare Global Enterprises (down 4%), Krishna Institute of Medical Sciences (KIMS) (down 4%), Medanta (down 4%), and Rainbow Children's Medicare (down 3%), also lost significantly.
Most hospital stocks are falling today due to profit booking after the US announced certain speciality medicines and their ingredients wil...
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