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Medanta among 4 stocks seeing brokerage initiations

Select stocks including Indian Shelter Finance Corporation Ltd, Amara Raja Energy & Mobility Ltd, PTC Industries Ltd and Global Health Ltd (Medanta) have seen fresh interest from the various brokerage firms, who have recently initiated or re-initiated their coverage on these companies.

The host of brokerages including ICICI Securities, Kotak Institutional Equities, Antique Stock Broking and Axis Securities have launched their maiden reports on these stocks. Except Amara Raja, which has a ‘sell’ rating from Kotak, all other three stocks have ‘buy’ ratings on them with an upside potential of 31-34 per cent each.

Axis Securities on Global Health
Rating: Buy | Target Price: Rs 1475 | Upside Potential: 31%

Global Health (Medanta) boasts a robust brand equity. The company has fortified its position with a strong moat, providing the highest standard of care and specializing in high-complexity work. A diverse revenue mix, notably from complex specialties like cardiac, digestive, oncology, and neuro, contributes significantly to its financial profile, said Axis Securities.

“The institute of liver transplantation, kidney and urology, orthopedics, and internal medicine involve intricate procedures, further propelling the company’s topline growth.We initiate coverage on Global Health Medanta with a ‘buy’ recommendation and target price of Rs 1,475 apiece,” it added, implying an upside of 27 per cent from its previous close. Business Today

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