20 Aug, EOD - Indian

SENSEX 80802.86 (0.47)

Nifty 50 24698.85 (0.51)

Nifty Bank 50803.15 (0.86)

Nifty IT 41572.8 (0.81)

Nifty Midcap 100 58247.85 (0.84)

Nifty Next 50 73971.3 (0.82)

Nifty Pharma 22374.25 (0.61)

Nifty Smallcap 100 18839.95 (0.47)

20 Aug, EOD - Global

NIKKEI 225 38062.92 (1.80)

HANG SENG 17511.08 (-0.33)

DOW JONES 40901.53 (0.58)

S&P 5646.5 (0.08)

Login/Signup

Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(01 Mar 2024, 13:32)

Hospital stocks plummet as SC threatens price controls

Shares of major hospital chains tumbled after the Supreme Court warned it might impose government-controlled rates on private healthcare services.

Max Healthcare sank 7.12%, leading the pack of decliners which included Krishna Institute of Medical Sciences (down 5.89%), Global Health (down 3.84%), Aster DM Healthcare (down 2.11%), Fortis Healthcare (down 1.71%), Kovai Medical Center & Hospital (down 1.62%), Narayana Hrudayalaya (down 1.48%), Apollo Hospitals Enterprise (down 0.67%), Rainbow Children's Medicare (down 0.64%) and Shalby (down 0.26%) tumbled. This follows earlier losses of 2-6.5% during the previous session.

The Supreme Court's stance stems from its criticism of the government's inaction on regulating hospital charges and enforcing existing rules. It has directed the government to develop a standardised rate plan within a month, or it might enforce rates applicable to government-empanelled hospitals, which are signi...

More News