Supreme Court agrees to hear plea against fixed rate for hospitals, seeks Centre's responseMoneycontrol • 6 days ago
The apex court had in February directed the central government to specify standard rates for private hospitals, in consulation with states.
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Long-term support in Nifty is expected at 21,500 followed by 21,300, with resistance at 22,200.
While criticising the government over its failure in specifying the range of rates within which private hospitals, the Supreme Court also warned of applying CGHS rates if the Union Health Ministry is unable to meet the requirements in the stipulated time.
The quarter ended December turned out to be healthy despite being weak seasonally and other headwinds
On the upside, 21,500 will be an immediate hurdle for the Nifty 50, while 20-DMA round 21,700 will remain a key challenge.
Motilal Oswal is bullish on Global Health recommended buy rating on the stock with a target price of Rs 1170 in its research report dated January 04, 2024.