Buy Narayana Hrudayalaya, target Rs 400: Rajesh Agarwal

Rajesh Agarwal of AUM Capital has a buy call on Narayana Hrudayalaya at a target price of Rs 400 in the next six to nine months. This is one of the leading healthcare unit in India with around 54 hospitals. This is basically into different sort of hospitals from heart other things. A new 297 bed hospital is coming up in Bombay, a children hospital is coming up in Bombay in the next year or so and two other hospitals in two different places are coming in the next two to three years.


The management seems confident about increasing the revenue. With the kind of awareness about Mediclaim and other things in the country hospitality sector is going to do well and not to forget the medical tourism for which patients from nearby countries such as Bangladesh come to India for treatment are going to help to grow this sector as well. So we think Narayana Hrudayalaya is going to be a big beneficiary because of the brand it has associated with.