Buy Kovai Medical; target of Rs 960:Firstcall

Firstcall's reserach report on Kovai MedicalKovai Medical Center and Hospital Limited was incorporated in 1985 and is based in Coimbatore, India. It provides hospital services to in-patients and out-patients. It operates a 750-bed multi-disciplinary advanced super specialty hospital that offers various services, including open heart surgeries, valve replacements, kidney transplants, hip and knee replacements, brain surgeries, and spine surgeries. The company operates various medical facilities, which provide services related to internal medicine, KMCH heart institute, endocrinology and diabetology, health check programs, rheumatology, gastroenterology and hepatology, pulmonology, nephrology, dermatology, neurosciences, critical care medicine, obstetrics and gynaecology, fertility and reproductive medicine, neonatology, psychological medicine, haematology, and emergency. It also operates surgical facilities that offers general/gastrointestinal/bariatric and laparoscopic, cardio-thoracic, orthopedics and joint replacement, neuro, plastic and reconstructive, cosmetic, urology, spine, pediatric, ENT/head and neck, dentistry/facio maxillary, and vascular surgeries. In addition, the company operates interventional radiology and imaging sciences, nuclear medicine and PET CT, and laboratory medicine facilities; and physical medicine and rehabilitation facilities, as well as operates 24 hours trauma care centers and emergency care control room facilities. The Hospital is armed with 20 operation theatres and modern medical paraphernalia including the state-of-art Varian Trilogy Linear Accelerator; the world's most advanced PET-CT Scan; 3T MRI, 500 slice Volume CT Scanner, Endo Bronchial Ultra Sound (EBUS), 4D Ultra Sound Scanner, Bi Plane Cath Lab; Cardiac Electrophysiology Lab; Bone Mineral Densitometer; Digital Mammography, Laser equipment, Video Endoscope and Operating Microscope, Auto analyzer, Computer Assisted Navigation for hip and knee replacements; and ESWL and Laser for removal of kidney stones.We recommend ‘BUY’ in this particular scrip with a target price of Rs. 960.00 for Medium to Long term investment.

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