India TV

Hospital stock to be on investors' radar as company says cancer drugs make up less than 2% of revenue

After a sharp sell-off in the Indian hospital sector, shares of Park Medi World Ltd are likely to be on investors' radar, as the company has said proposed caps on cancer and chemotherapy drug prices will have a negligible impact on its financial performance. The stock opened in the green at Rs 270.10 amid a rally in the benchmark indices. It started the trading session at Rs 270.10 against the previous close of Rs 265.10 on the BSE. The stock gained further and hit an intraday high of Rs 274.65, representing a gain of Rs 9.55 or 3.60 per cent. The market cap of the company stood at Rs 11,862.98 crore.