New Delhi, March 25 -- Domestic brokerage house Ventura Securities has initiated coverage on Park Medi World Ltd (PMWL) with a 'Buy' rating and a target price of Rs.284, implying an upside potential of 38.4% over the next 24 months, as it expects the hospital chain to benefit from strong structural tailwinds, aggressive capacity expansion and a capital-efficient operating model.

The brokerage said PMWL, despite being a relatively newly listed player, offers a compelling high-growth opportunity in India's healthcare delivery space, where valuations remain elevated and demand visibility remains strong. Ventura noted that the company has built a differentiated model in the affordable healthcare segment, where execution, scale and cost effic...