In the spotlight: Healthcare Sector has zoomed up to 62% in just a year!

Tanushree Jaiswal Tanushree Jaiswal

Last Updated: 7th September 2023 - 05:09 pm

Listen icon

India's Healthcare Sector 

Healthcare has grown to be one of India's most important industries, both in terms of revenue and employment. Hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment are all part of healthcare. The Indian healthcare sector is expanding rapidly as a result of improved coverage, expanded services, and increased spending by both public and private players.

Overall Market Size of the Healthcare Sector

The healthcare market in India is expected to reach USD 400 billion by 2025, driven by rising income, better health awareness, lifestyle diseases and increasing access to insurance. As of 2021, the Indian healthcare sector is one of India’s largest employers, as it employs a total of 4.7 million people. In the recent Union Budget 2022-23, Rs 86,200.65 crore (USD 11.28 billion) was allocated to the Ministry of Health and Family Welfare (MoHFW). The Indian government also is planning to introduce a credit incentive programme worth Rs 500 billion (USD 6.8 billion) to boost the country’s healthcare infrastructure.

Healthcare Sector Returns  

The BSE Healthcare Index was up by 0.80% in 5 days, 0.09% down in 1 month, 6.75% down in 6 months, 5.70% down year to date and 11.74% down in 1 year. As of March 24, 2023, the PE of the sector is 28.17x.

Following healthcare sector stocks have zoomed up to 62% in just 1 year: 

Sr. No  

Company Name  

LTP (Rs)  

PE Ratio(x)  

ROE (%)  

1 Year Returns (%)  

1  

Neuland Laboratories Ltd.  

1698.05  

21.62  

7.85  

62.96  

2  

Artemis Medicare Services Ltd.  

64.94  

21.12  

11.66  

58  

3  

Gujarat Themis Biosyn Ltd.  

675.9  

17.52  

50.35  

55.15  

4  

Marksans Pharma Ltd.  

72.3  

15.31  

18.72  

53.18  

5  

Zydus Lifesciences Ltd.  

484.4  

23.79  

15.51  

37.28  

6  

Abbott India Ltd.  

21590.9  

49.36  

29.95  

33.14  

7  

Max Healthcare Institute Ltd.  

449.85  

44.74  

10.19  

32.43  

8  

Indraprastha Medical Corporation Ltd.  

77  

8.66  

19.60  

28.44  

9  

Astrazeneca Pharma India Ltd.  

3341.9  

75.95  

12.78  

27.64  

10  

JB Chemicals & Pharmaceuticals Ltd.  

1961.8  

37.29  

19.89  

26.69  

11  

Aster DM Healthcare Ltd.  

237.25  

24.67  

16.39  

18.68  

12  

Procter & Gamble Health Ltd.  

4852.9  

34.60  

29.41  

17.24  

13  

RPG Life Sciences Ltd.  

659.25  

16.82  

21.80  

16.2  

 

FREE Trading & Demat Account
Open FREE Demat Account with endless opportunities.
  • Flat ₹20 Brokerage
  • Next-gen Trading
  • Advance Charting
  • Actionable Ideas
+91
''
By proceeding, you agree to our T&Cs*
Mobile No. belongs to
hero_form

Indian Stock Market Related Articles

Multibaggers Penny Stocks For 2025

by 5paisa Research Team 6th Jan 2025

Multibaggers Stocks For 2025

by 5paisa Research Team 6th Jan 2025

Top Energy ETFs in India - Best Funds to Invest

by 5paisa Research Team 11th Dec 2024

Top 5 Nifty 50 ETFs in India by Returns

by 5paisa Research Team 11th Dec 2024

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91

By proceeding, you agree to all T&C*

footer_form