Exit Lotus Eye Care Hospital: A Madan

Ashu Madan of Religare is of the view that one exit Lotus Eye Care Hospital.

Madan told CNBC-TV18, "In Lotus Eye Care Hospital if someone has to invest at looking at the momentum, a lot of upsides should be available for the long term also. But given the kind of regional presence they have and the competition they are into, they are restricted to eye care, which is something readily available in the government hospitals at a much cheaper rate or there are so many other avenues available. So considering the limited habit of operations I am not too positive on that counter and either in for the trading or for the investment for the long term. So any opportunity, one should get out and I don’t see any reason one should why invest. There are many other spaces available within the sector also. So I am not too keen or wouldn’t recommend to invest or to hold it for a longer term."