Indraprastha Medical Corp. - Long Term Growth Story In Indian Healthcare: HDFC Securities Initiates Coverage

HDFC Securities Retail Research

Indraprastha Medical Corporation Ltd., a joint venture between Apollo Hospitals Enterprise Ltd. (holds 22% stake) and the State Government of Delhi (Government holds 26% stake) is a 764-bedded, super speciality tertiary care hospital with 52 speciality departments.

The company has impeccable track record, long presence as well as quality of medical care supported by long term relationships with its doctors and other medical professionals.

Indraprastha Medical Corp. drives significant tangible and intangible benefits from 'Apollo' brand . Over the years, the company has brought in best in class technologies for its patients and with the changing preference of the customers i.e. Ask Apollo and Apollo 24/7.

We are constructive on Indian healthcare market and believe that there is immense potential for growth as driven by the rising income levels, ageing population, increasing healthcare awareness, increasing health insurance penetration and renewed focus of the Government on building universal healthcare especially after pandemic.

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