HomeNewsBusinessBuy Aster DM Healthcare; target of Rs 200: ICICI Direct

Buy Aster DM Healthcare; target of Rs 200: ICICI Direct

ICICI Direct is bullish on Aster DM Healthcare has recommended buy rating on the stock with a target price of Rs 200 in its research report dated August 13, 2021.

August 19, 2021 / 13:02 IST
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ICICI Direct's research report on Aster DM Healthcare

Aster operates in segments like hospitals, clinics, retail pharmacies and provide healthcare services to patients across economic segments in several GCC states through various brands such as Aster, Medcare and Access. Its network consists of 13 hospitals, 106 clinics & 223 retail pharmacies in the GCC states;14 hospitals & 9 clinics in India; total bed capacity: 4907 Revenue breakup: hospitals:54%, pharmacies:23%, clinics:23% with GCC & India contributing 81% & 19% of revenue, respectively

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Outlook

We maintain BUY on the stock We value Aster DM at an SOTP of Rs 200.