Jefferies picks 6 hospital stocks as Buy after correction

Jefferies has maintained Buy ratings on six hospital stocks, including Apollo Hospitals and Fortis Healthcare, following a sharp market correction driven by regulatory concerns over drug and consumable price caps.

The brokerage believes strong fundamentals and strategic price adjustments will limit long-term EBITDA impact from regulatory pressures. The steep correction is seen as presenting "excellent" entry points for investors in the healthcare sector.

Jefferies' recommendation underscores confidence in the sector's resilience despite near-term headwinds from pricing regulations.