RAINBOW

** Shares of Apollo Hospitals APLH.NS Krishna Institute of Medical Sciences KRII.NS, Aster DM Healthcare ATRD.NS and Rainbow Children's Medicare RAIB.NS rise 0.1%, 1.5%, 2.5% and 3%, respectively

** HSBC reiterates "buy" on all four stocks, raises target price on ATRD and RAIB to Street highs of 550 rupees and 1,800 rupees

** A significant capex cycle is underway for hospitals in India to cater to the strong demand for quality healthcare, says HSBC

** Hospital stocks will see strong revenue growth and steady rise in bed additions in 2025, it says

** Rise in hospital stocks boosts healthcare sub-index .NIFHEIN by 2.2%

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of Rainbow Children's Medicare RAIB.NS rise as much as 9% to record high of 1,688.80 rupees

** Reuters could not immediately ascertain the reason behind the day's move

** Around 2.1 mln shares traded, 6.3x the 30-day average

** Stock rated "buy" on avg; median PT is 1,610 rupees - LSEG

** RAIB last up 5.7%, extends YTD gains to ~39%

(Reporting by Vijay Malkar)

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** Shares of Rainbow Children's Medicare RAIB.NS climb 5.2% to 1,493 rupees

** Co on Sunday reported a 25% Y/Y rise in Q2 net profit after tax on higher occupancy rates

** Stock eyes busiest trading day in 20 sessions, over 300,000 shares traded

** RAIB hits highest in a month

** Stock up ~25% YTD

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Rainbow Children's Medicare RAIB.NS up 9.1% to 1,409.55 rupees; 2.6 mln shares traded, 21X the 30-day avg

** Reuters could not immediately ascertain the reason behind the share jump

** Paediatric hospitals operator set for busiest day since Feb 28

** RAIB's relative strength index rises to 72.3, suggesting stock might be overbought - LSEG data

** Stock up ~5.2% this week, on track to gain for fifth consecutive week

(Reporting by Vijay Malkar)

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** Shares of Rainbow Children's Medicare RAIB.NS fall about 3% to 1,187.5 rupees apiece

** HSBC downgrades its rating on the hospital-chain operator to "hold" from "buy", slashes PT to 1,290 rupees from 1,500 rupees

** "Imminent cost buildup (from capacity addition) will keep its profit margin range-bound in the near-to-medium term," say Damayanti Kerai and Gaurang Sakare, healthcare analysts at HSBC Securities and Capital Markets

** Delays in Gurugram and break-even for new units could be downside risks, say analysts

** Brokerage trims fiscal year 2025-27 earnings per share (EPS) estimates by 1.2%-9.1%

** RAIB reported drop in profit after tax in June quarter due to higher depreciation and amortisation costs and finance costs, post market hours on Tuesday

** Stock down 0.6% in 2024 so far

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Indraprastha Medical Corp IMCL.NS jump as much as 20% to hit a record high of 262.80 rupees

** Co on Monday reported ~47% jump in Q1 profit, while rev rose 13.5% y/y

** IMCL stock is top gainer among hospital-related shares, up 75% YTD

** Shares of peers Max Healthcare MAXE.NS up 26%, Rainbow Children's RAIB.NS up 1%, Fortis Healthcare FOHE.NS up 23%, Narayana Hrudayalaya NARY.NS up 4%, while Apollo Hospital APLH.NS up 17% YTD

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of Rainbow Children's Medicare RAIB.NS down 4.6% at 1,330 rupees

** Co on Sunday reported 5.2% fall in Q4 profit due to drop in occupancy rates

** RAIB said year-ago qtr saw high incidence of adenovirus, other viral infections driving higher outpatient visits, in-patient admissions

** Stock up 11.5% YTD vs ~9% gains in BSE 500 .BSE500

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of Rainbow Children's Medicare RAIB.NS down 2% at 1400 rupees, after falling as much as ~3% earlier

** More than 606k shares changed hands in three block deals by 11:30 a.m. IST, priced between 1401.65 and 1402.95 rupees apiece

** Hospital chain's stock set to gain for the fifth straight month

** More than 1 mln shares changed hands, about 5x 30-day avg

** Including session's moves, stock has risen 18% this year after a 61% jump in 2023

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Rainbow Children's Medicare RAIB.NS rise 7.1% to record high of 1215.90 rupees in above-avg volume

** Stock last up 4.4%, set for best one-day gain since Aug and extending its rally to fifth consecutive session

** Reuters could not immediately confirm a reason for the stock move

** Over 520,000 shares traded in stock's busiest day in a month

** RAIB shares trading above their 50-, 100 and 200-day moving averages since mid Nov

** Stock up 10.5% in Dec, with on-going three-month rally taking YTD gains to ~60%

(Reporting by Dimpal Gulwani in Bengaluru)

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By Aby Jose Koilparambil and Rishika Sadam

Dec 21 (Reuters) - India's prominent hospital chains are shifting their focus to smaller centres and facilities as they chase growth in the booming healthcare market while coping with higher real estate costs and a dearth of land space in its cities.

Though healthcare facilities are still in short supply in most parts of India, and especially so in its towns and smaller cities, patients in the world's most populous nation are showing a greater preference for specialised-but-accessible amenities in the post-COVID pandemic era.

That trend is expected to form the bedrock of demand in the Indian healthcare market, which, according to forecasts by global consulting firms Boston Consulting Group and B Capital, is expected to grow near three-fold over eight years to $458 billion in 2030.

"We don't build facilities with 600-700 beds anymore as you have to be catering to a micro market," Temasek-owned Manipal's Managing Director and Chief Executive Officer Dilip Jose said, highlighting how India's second-largest hospital chain plans to focus on units with 250-325 beds.

The change is also reflective of infrastructure issues.

"Metro Indian cities are too large and the traffic at these cities is making it difficult for people for travel to one large hospital," said a spokesperson at children's-hospital chain Rainbow RAIB.NS.

That is forcing hospitals to evaluate "micro markets" within the cities and build smaller hospitals to cater to them.

India has 1.3 beds per 1000 people, well below the World Health Organization recommended ratio of 3 per 1000, indicating it needs 2.4 million additional beds, a study by property consultancy Knight Frank and its US partner Berkadia showed.

It needs an additional 2 billion square feet of healthcare space to cater to its 1.42 billion people, the study said.

CHANGING TACK

Healthcare providers are also looking to get more bang for their buck.

"Bringing the services closer to the customers is to a large extent also driven by the economies of scale, which best works up to a sizing of 300-350 beds," said Saurabh Mehrotra, executive director, valuation and advisory at Knight Frank India.

Some hospital chains such as Fortis Healthcare FOHE.NS, partly owned by Malaysia's IHH Healthcare IHHH.KL, are shifting gears to cope with volatile real estate prices.

Fortis is relying mostly on "brownfield" sites, or land that has previously been built on, rather than land that has yet to be developed, while expanding.

"This approach allows us to efficiently advance our expansion plans without the burden of fluctuating land prices," Fortis MD and CEO Ashutosh Raghuvanshi said.

Manipal will rely on the "smaller is better" formula while expanding in metros such as Hyderabad and Pune, and Tier 2 cities in Kerala, Andhra Pradesh and Maharashtra, CEO Jose said.

India's largest private hospital chain Apollo Hospitals APLH.NS aims to add 2,860 beds over the next three years, including in Tier 2 cities such as Mysore and Varanasi, while Rainbow will focus on expanding in the smaller cities of Andhra Pradesh and Tamil Nadu.

Some of the larger Indian healthcare providers are also moving to an asset-light strategy, keeping the land and building out of their books, according to Knight Frank's Mehrotra, forcing commercial property firms to change too.

"Now, the developers are more amenable to build-to-lease and have a 20-30-year contract with a visibility on cash flow than to build with a purpose to sell," the Rainbow spokesperson said.

(Reporting by Aby Jose Koilparambil in Bengaluru and Rishika Sadam in Hyderabad; Editing by Dhanya Skariachan and Muralikumar Anantharaman)

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Oct 30 (Reuters) - Rainbow Children's Medicare Ltd RAIB.NS:

• SEPT-QUARTER CONSOL NET PROFIT 629.1 MILLION RUPEES VERSUS PROFIT 611.3 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.33 BILLION RUPEES VERSUS 3.13 BILLION RUPEES

Source text for Eikon: ID:nBSEbGpcYS

Further company coverage: RAIB.NS

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** Shares of India's Rainbow Children's Medicare RAIB.NS up as much as 7.56% at a record 1,184.60 rupees

** Multi-specialty hospital firm posts steepest intraday pct climb since Jan 31

** More than 400,00 shares changed hands by 2:27 p.m. IST, 1.5X 30-day avg

** RAIB gains 58% YTD

(Reporting by Hritam Mukherjee in Bengaluru)

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Aug 7 (Reuters) - Rainbow Children's Medicare Ltd RAIB.NS:

• INDIA'S RAINBOW CHILDREN'S MEDICARE JUNE-QUARTER CONSOL NET PROFIT 410 MILLION RUPEES VERSUS PROFIT 381.9 MILLION RUPEES

• RAINBOW CHILDREN'S MEDICARE JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.87 BILLION RUPEES VERSUS 2.37 BILLION RUPEES

Source text for Eikon: ID:nBSE561VDk

Further company coverage: RAIB.NS

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May 31 (Reuters) - Rainbow Children's Medicare Ltd RAIB.NS:

• CFO R GOWRISANKAR RESIGNS

• NAMES VIKAS MAHESHWARI AS CFO

Source text for Eikon: ID:nBSE6bKVZZ

Further company coverage: RAIB.NS

(([email protected];;))

** Shares of Rainbow Children's Medicare Ltd RAIB.NS rise as much as 4.4% to 996.60 rupees to a record high

** Hospital and clinic chain up for fourth straight session

** Four analysts covering the stock rate it "buy" on average with a median PT of 925 rupees -- Refinitiv data

** Stock up 33% YTD at current levels; up over 24% in May

** More than 175,000 shares change hands by 12:20 p.m. IST, around 80% their 30-day avg volume

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Rainbow Children's Medicare Ltd RAIB.NS rise as much as 4.3% to 886 rupees, hitting their highest since Nov. 16, 2022

** The paediatric hospital chain reports a more than four-fold jump in March-qtr consol net profit, which came in at 536 million rupees ($6.55 million) compared to 121.9 million rupees a year earlier

** Profit rise aided by increase in occupancy rate, which stood at 58.82% in Q4 compared to 39.64% a year earlier

** Rev from ops rose 49.2% to 3.17 billion rupees; board recommended a dividend of 3 rupees per share

** Stock continues trading above its 50-, 100-, and 200-day moving averages since April 17

** RSI above 70, at 74.31, suggesting the stock is overbought; MACD line above the signal line since May 11, indicating bullish momentum

** Stock posts its sharpest intraday pct gain since April 17; to snap a fourth consecutive session of gain, if trends hold

** More than 349,170 shares change hands by 10:42 a.m. IST, 2.4x the 30-day avg

** Stock up 14.9% so far this year, up to last close

($1 = 81.7800 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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