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Healthcare

Here's why Yes Securities initiated coverage on Indian hospitals with a cautious outlook

Updated : July 01, 2020 05:33 PM IST

Yes Securities initiated its coverage on hospitals with a 'sell' call on Apollo Hospitals, 'reduce' on Narayana while Fortis is still not rated.
It added that most hospital managements remain optimistic but FY21 might turn a washout year
Moreover, a dramatic drop in surgeries results in a disproportionate margin hit to specialty hospital chains.
Here's why Yes Securities initiated coverage on Indian hospitals with a cautious outlook

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