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The Economic Times
The Economic Times
Business
Sakshi Kumari

Hospital stocks fall up to 6%: Apollo, Fortis, KIMS tumble as SC questions drug mark-ups

KIMS Sakshi Kumari Sandeep Mehta Tushar Mehta Fortis Healthcare SEBI

Shares of major hospital chains came under heavy selling pressure on Wednesday, with Apollo Hospitals, Fortis Healthcare and Krishna Institute of Medical Sciences (KIMS) falling up to 6% after the Supreme Court raised concerns over steep mark-ups on medicines sold through corporate hospitals.

Apollo Hospitals Enterprise shares were down 5.95% at Rs 8,184.50, while Fortis Healthcare fell 5.03% to Rs 777.80. KIMS declined 5.70% to Rs 726.20, while Aster DM Quality Care was down 4.26% at Rs 703.95. The broader healthcare sector was also under pressure, with the Nifty Pharma index down 1.77%. The BSE Healthcare index was down 2.19%.

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