Wockhardt Hospitals LimitedIssue
Period: Jan 31 to Feb 05
Price Range: Rs.225 to Rs.260
Minimum Mkt Lot: 20 shares
Issue Size: Rs.639 crore
Recommendation: Avoid
Allotment: Strong (in Retail category)
Sector: Healthcare Sector
Recommendation:
The key ongoing industry wide challenges are providing quality patient care in a competitive environment & managing costs. Other areas of concern may be continuous technological & pharmaceutical improvements that increase the cost for providing, or reduce the demand for, healthcare; changes in the distribution process or other factors that increase the cost of supplies. Also, the valuations of the company seems quite expensive. Hence we recommend investors to Avoid subscribing to this IPO and wait for the opportunity to buy at a lower level after listing.
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