Why Hospital Stocks lost Rs 15,500 crore in Market Cap Today

Why did Hospital Stocks lose Rs 15,500 crore in Market Cap Today?

Photos: Pixabay/Pexels Photos: Pixabay/Pexels Written By: Rajeev Kumar Written By: Rajeev Kumar

[{"selector":"#anim-9c75b919-d601-4480-8b9c-d3dbb79ed830 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-01775bbc-85a9-4709-86e6-cb9ff88be3d8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-72c4b3ec-b2fe-432d-b674-9ab2813aebeb","keyframes":{"transform":["translate3d(-114.71471%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The market capitalisation of hospital stocks fell by over Rs 15,500 crore as of 2.30 pm today. The market capitalisation of hospital stocks fell by over Rs 15,500 crore as of 2.30 pm today.

[{"selector":"#anim-0b3b753b-52eb-4d01-997d-e25a19255935 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-206e4354-16b4-4561-b5de-2c0e45548699","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4dc1328b-18a4-481a-aeb6-1b868416b8f2","keyframes":{"transform":["translate3d(-114.41442%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] On BSE, hospital stocks like Maxhealth, Medanta, Rainbow Children's Medicare Ltd were among the top 5 losers. On BSE, hospital stocks like Maxhealth, Medanta, Rainbow Children's Medicare Ltd were among the top 5 losers.

[{"selector":"#anim-fbfd8f31-5d97-4381-a2d6-fd03abcc8733 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-a00bb662-95b2-4521-94da-8ac60b04b414","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7eb47be1-54b3-46e5-995d-1998d2276acc","keyframes":{"transform":["translate3d(-114.41442%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] But do you know why medical stocks witnessed a fall today? But do you know why medical stocks witnessed a fall today?

[{"selector":"#anim-b6a2d60b-c368-43f6-9af9-34b606028ec1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-e6fa40ea-7505-411a-89ae-dc6a409e8bff","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8093ee71-30b8-4889-87e8-e9eb6d6c31ab","keyframes":{"transform":["translate3d(-114.41442%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Well, medical stocks have fallen a day after the Supreme Court raised the issue of discrepancy in healthcare charges. Well, medical stocks have fallen a day after the Supreme Court raised the issue of discrepancy in healthcare charges.

[{"selector":"#anim-65b01d9c-9fc8-4a2c-bd62-2761cb1bed82 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-cb5447f9-c0d3-4f22-9cb9-caaa78b8860f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f9d793ce-2cad-4c96-99fe-bb5bdcd5950f","keyframes":{"transform":["translate3d(-114.41442%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] So what did Supreme Court say? Well, the top court has reportedly asked the Government to address the discrepancy in healthcare charges! So what did Supreme Court say? Well, the top court has reportedly asked the Government to address the discrepancy in healthcare charges!

[{"selector":"#anim-e0d451ab-17d6-40aa-b4c1-ab3286d6654a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-487569c7-c36e-4c12-a92c-b00e3a26c7bd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-29122668-31d8-475c-94a9-16eb0ffad773","keyframes":{"transform":["translate3d(-114.41442%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] As per media reports, SC asked Govt to take immediate action and determine fees chargeable to patients under Clinical Establishment Rules. As per media reports, SC asked Govt to take immediate action and determine fees chargeable to patients under Clinical Establishment Rules.

[{"selector":"#anim-b31bacb4-11c4-464e-9e7d-29ba256496a1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-89946361-182f-459b-9efb-3d3b256266d9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cbed6e80-bba7-45e2-b14b-46d378f34586","keyframes":{"transform":["translate3d(-114.41442%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Supreme Court's direction to the Central Govt came in response to a PIL filed by an NGO. The Supreme Court's direction to the Central Govt came in response to a PIL filed by an NGO.

[{"selector":"#anim-6225e987-c436-4d28-87be-6493304bb37c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-87fff096-2703-4a96-9e92-9297174a8382","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ac30915d-ef17-45c2-ae9e-1d4fd4cbb370","keyframes":{"transform":["translate3d(-114.41442%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The SC also strongly criticized the Centre’s failure to enforce the 14-year-old Clinical Establishment (Central Government) Rules which entail standard treatment rates The SC also strongly criticized the Centre’s failure to enforce the 14-year-old Clinical Establishment (Central Government) Rules which entail standard treatment rates

[{"selector":"#anim-a088296b-0437-468b-93dd-bd82737bd5fc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-20941604-01f2-4436-81f5-a3bd9fdeeef1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-23300bd6-f564-4596-9810-853a7f493c3e","keyframes":{"transform":["translate3d(-109.30931%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The SC has given 1-month time to the Central Govt to ensure all states notify standard rates! The SC has given 1-month time to the Central Govt to ensure all states notify standard rates! Next: How much money is needed to be an ultra-high-net-worth individual (UHNWI) in India Next: How much money is needed to be an ultra-high-net-worth individual (UHNWI) in India See Next