BUZZ-India's Global Health rises after Jefferies sees gradual growth recovery

Reuters

2024-12-03

** Shares of Global Health rise 3.3% to 1136.1 rupees apiece

** The hospital chain operator's stock has gained about 6% in two sessions

** Jefferies on Monday said GLOH continues to witness growth in Gurugram regions and sequential recovery in hospitals in Lucknow and Patna

** Says new bed addition is on track for GLOH and expects it to post 13% core profit growth in FY26

** Brokerage reiterates "hold" and PT of 1,170 rupees, an implied upside of 9%

** GLOH shares up 19% in 2024 so far, mirroring the Nifty 500 index of which it is constituent

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

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