US Stock Reports, Quotes and News
Anand Rathi initiates coverage on 6 hospital stocks, recommending \’buy\’ for Max Healthcare, Rainbow Children’s Medicare, KIMS, and Jupiter Life-Line Hospitals, while suggesting \’hold\’ for Global Health (MEDANTA) and Narayana Hrudayalaya. They cite India\’s healthcare market potential, driven by demographic changes and non-communicable diseases, forecasting 15% CAGR to Rs 7.7 lakh crore by FY25.
(Reuters) – UnitedHealth Group (NYSE:UNH) said on Thursday a service provided by its Change Healthcare (NASDAQ:CHNG) unit was facing an issue receiving batches of medical claims from customers.
Jhunjhunwala owned about 1.8% stake in Tata Communications towards the end of December quarter, pared the stake in the company by 0.3%, bringing the overall holding to 1.6% at the end of March quarter.
(Reuters) – UnitedHealth Group (NYSE:UNH) expects to take a hit of as much as $1.6 billion this year from disruptions caused by the February cyberattack at its Change Healthcare (NASDAQ:CHNG) unit.
They also purchased insurance stocks like SBI Life, HDFC Life, and ICICI Prudential Life Insurance after favourable guidelines on the surrender value of policies were announced by the insurance regulator IRDAI. Also, the recent removal of the age limit on availing of health insurance is seen as boosting the prospects of life insurance companies.
Aster DM Healthcare\’s Board approved the declaration of a special dividend of Rs 118/share payable to those shareholders whose names stand on the register of members of the company as of the record date of April 23, 2024
Mutual funds increased stakes in global cyclicals and healthcare while reducing exposure to BFSI. Equity funds and various other funds drove a 35% YoY growth in the mutual fund industry\’s AUM in FY24.
Amit Sachdeva from HSBC Securities discusses market strategies, positive outlook on Indian market, manufacturing growth, and sectoral preferences. Despite challenges, anticipates market growth with a focus on robust sectors and balanced investments for long-term returns. Sachdeva says: \”The structural momentum for India is here to stay and that is the reason we maintain a little bit of positive bias on India, which remains an overweight market for us .\”
ChrysCapital, the largest homegrown PE fund, is looking to sell GeBBS Healthcare Solutions, about six years after acquiring the Los Angelesbased healthcare business process outsourcing (BPO) company, said multiple people aware of the development. A potential deal is likely to value GeBBS at $800 million to $1 billion, the people said.
“Till Nifty is holding about 22,500, 22,400, trend is likely to remain on the bullish side and buy on dip should be your strategy. On the higher side, once again, Nifty spot manages to cross above 22,650, 22,700, then this rally can extend further and a possible target we could see towards the 22,800 to 23,000 level.”
Indian indices drop on U.S. inflation concerns. TCS to report. Sun Pharma, Asian Paints, Kotak Bank, NTPC, Maruti top laggards.