The Indian healthcare system is quite paradoxical. On the one hand it attracts medical tourists from around the world by offering quality healthcare facilities at lower cost, while on the other hand there is lack of affordable and accessible health services for a large part of the population. Even though healthcare touches the lives of every citizen of the country, healthcare provision remains inequitable and challenging. The government has been initiating and designing the policy framework to transform the healthcare sector of the country into a global manufacturing hub and bring affordable healthcare services to the doorstep of every citizen in the country. It is notable to add that the private sector is leading the way in this front and doing a commendable job by establishing hospitals across the country. In the pharmaceutical space, there are many drugs which have come under price control, thereby reducing trade margins and thus capping retail prices
The barometer index, the S&P BSE Sensex rose higher by 177 points on Friday last to close the week at 38,862 levels on the back of expected positive trade talks outcome between the US and China. The market breadth indicating the overall health of the stock market was quite positive. On the BSE, 1,506 shares rose, while 1,066 shares fell. The markets will be looking forward to annual results starting next week and start of the election fever. We had written about Tata Group company Nelco Ltd in our last week’s column and the stock has gone up by nearly 20% in seven days. We advise investors to book profit in Nelco shares.
Rajiv Kapoor is a share broker, certified mutual fund expert and MDRT insurance agent.