Apollo Hospitals, Max Health, hospital stocks jump up to 5% after 30% cap on cancer drugs. What is Jefferies saying?

Hospital stocks rose up to 5% after the government capped trade margins on non-scheduled anti-cancer drugs at 30%, potentially reducing medicine prices by 70%. Jefferies and Emkay expect manageable earnings impacts, despite near-term margin pressures. Jefferies favours Fortis, Manipal, Apollo, Max…

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