Best Healthcare Stocks in India

Investment in healthcare stocks can help contribute to a portfolio with its growth and performance. These stocks are well known for their static dividends, and medical advancements regardless of the economic conditions. It’s a booming industry that has been growing rapidly with improvements in services and increased spending from the government and private sectors. This article will discuss 10 healthcare stocks in India based on their P/E ratio, key features and the benefits they offer to investors. It also delves into future projections of this sector and the benefits and risks involved in it.

What are Healthcare Stocks?

Healthcare stocks in India comprise companies in the medical sector including hospitals, medical devices and equipment, clinical trials, telemedicine and more. The government has introduced several initiatives to enhance healthcare services in India. They include the National Health Mission, Ayushman Bharat, National Medical Commission, Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), and PM National Dialysis Programme, National Medical Commission, among others. These initiatives aim to improve and promote healthcare infrastructure across the country.

The healthcare system in India is divided into two segments; public and private. The public sector aims to provide basic healthcare services through Primary Healthcare Centers (PHCs) primarily in rural areas. On the other hand, the private sector mostly offers secondary, tertiary, and advanced care services, mainly in cities.
 

List of Healthcare Stocks in India in 2024

Below is a list of 10 healthcare stocks in India.

Disclaimer: The information provided on the above stocks is for informational purposes only. It is crucial to conduct thorough research before making any investment decisions regarding these stocks. We do not recommend trading any stocks without comprehensive research and professional financial advice. Always consult with a certified financial advisor to ensure informed and appropriate investment choices.
 

Overview of Healthcare Stocks in India in 2024

Below is the overview of 10 healthcare stocks in India mentioned above:

Medinova Diagnostic Services Limited

• Medinova Diagnostic Services Limited was founded in 2002 and specializes in diagnostic imaging and laboratory services.
• The company operates a network of diagnostic centres offering all kinds of radiology, pathology, and other specialized diagnostics tests.
• The key mission of Medinova is to provide high-quality, reliable, and timely diagnostic services using state-of-the-art technology.
• The firm is committed to offering excellent patient care, which has contributed to its status as one of the most important players in the industry for diagnostic services.

Get more details about Medinova Diagnostic Services Limited share price here.

Know the Medinova Diagnostic Services Limited Share Price History here.

Dr Reddy Laboratories Limited

• Established in 1984, Dr Reddy Laboratories Limited is an international pharmaceutical company that is headquartered in Hyderabad, India.
• It is a well-known pharmaceutical company that has developed, manufactured, and marketed all types of pharmaceutical products, including generics, active pharmaceutical ingredients, and proprietary products.
• Dr Reddy's research and quality commitment has made it a major player in the industry and a brand to be trusted for quality healthcare solutions.

Get more details about Dr Reddy Laboratories Limited share price here.

Know the Dr Reddy Laboratories Limited Share Price History here.

Aurobindo Pharma Limited

• Aurobindo Pharma Limited was incorporated in 1986 and is the second-biggest pharmaceutical firm in Hyderabad, India.
• It is recognized as India's largest global producer of a wide range of generic formulations and APIs.
• Aurobindo has its presence in several therapeutic segments such as antibiotics, antiretrovirals etc. and the cardiovascular segment.
• That international span and emphasis on research and development make it the leader of its pharmaceutical segment.

Get more details about Aurobindo Pharma Limited share price here.

Know the Aurobindo Pharma Limited Share Price History here.

Indraprastha Medical Corporation Limited

• Indraprastha Medical Corporation Limited came into being in 1996, and it has a standing for the biggest health network across India.
• It is mainly an India-based company that focuses on the delivery of quality medical services and diagnostic solutions.
• Indraprastha Medical Corporation incorporates state-of-the-art technology with a dedication to clinical excellence and enhances the quality of patient care.

Get more details about Indraprastha Medical Corporation Limited share price here.

Know the Indraprastha Medical Corporation Limited Share Price History here.

Cadila Healthcare Limited

• Cadila Healthcare Limited, commonly known as Zydus Cadila, was founded in the year 1951 as a wholly integrated, headquartered in Ahmedabad, India.
• The company is involved in the production and selling of generic formulations, branded formulations, and over-the-counter drugs.
• Cadila Healthcare is known for its strong presence in the area of research and development and innovation and is known for its strategy of global expansion.

Get more details about Cadila Healthcare Limited share price here.

Know the Cadila Healthcare Limited Share Price History here.

Narayana Hrudayalaya Limited

• Narayana Hrudayalaya Limited was established in 2000 by Dr Devi Shetty. It is one of the leading names in the private health sector in India and is particularly prominent for providing cheap cardiac care.
• The company runs hospitals and clinics both in India and abroad. It is known for providing top-notch medical facilities at very budget-friendly prices.
• Narayana Hrudayalaya is committed to doing quality clinical work and setting new standards.

Get more details about Narayana Hrudayalaya Limited share price here.

Know the Narayana Hrudayalaya Limited Share Price History here.

Alkem Laboratories Limited

• Alkem Laboratories Limited is registered under the Indian Companies Act, 1973, It is headquartered in Mumbai, India. 
• It is a conglomerate with operations across the globe with one of the widest ranges of generic and graduated drugs.
• Research and development strong support combined with a vast distribution network of Alkem make this pharmaceutical company among the most successful ones in this industry.

Get more details about Alkem Laboratories Limited share price here.

Know the Alkem Laboratories Limited Share Price History here.

Shalby Limited

• Shalby Limited was incorporated in 1994 and is considered among India's leading healthcare providers in the field of orthopaedic and multi-speciality services.
• The organization has its chain of hospitals and clinics, equipped with the latest medical facilities, treatment therapies, and surgeries.
• Shalby is known for its proficiency in joint purchase surgeries and commitment to providing top-quality treatment to all its customers from its various centres.

Get more details about Shalby Limited share price here.

Know the Shalby Limited Share Price History here.

Lupin Limited

• Lupin Limited was formed in 1968 and is a global pharmaceutical company having its headquarters in Mumbai, India.
• It is best known for its wide range of generics, branded formulas as well as APIs.
• It concentrates on cardiovascular, diabetes as well as respiratory disorders.
• The dedication of Lupin to research, development, and innovation has helped it solidify its frontline position in the global pharmaceutical industry.

Get more details about Lupin Limited share price here.

Know the Lupin Limited Share Price History here.

Sun Pharmaceutical Industries Limited

• Sun Pharmaceutical Industries Limited is a large global pharmaceutical company which was founded in 1983. The headquarters of the company is in Mumbai, India.
• The company supplies a wide range of Pharmaceutical products, and these include Generic drugs, Branded drugs, and over-the-counter drugs.
• Sun Pharma has emerged as one of the leading and most influential players in the pharmaceutical sector, top-notch R&D, and huge investment in research and development.

Get more details about Sun Pharmaceutical Industries Limited share price here.

Know the Sun Pharmaceutical Industries Limited Share Price History here.

Factors to Consider Before Investing in Healthcare Stocks in India

Before investing in healthcare stocks investors should monitor various factors that might affect prices. Below are some factors investors should consider before investing in healthcare stocks.

1. Regulatory Impact: Changes in healthcare regulations, such as drug pricing policies, insurance coverage rules, and tax laws related to medical research, can significantly impact the profitability and stock valuations of healthcare companies.
2. Industry Dynamics: Investors should stay updated on industry trends like technological advancements, shifting consumer preferences, and evolving treatments, as these factors can influence the demand and growth prospects of healthcare companies, affecting their stock prices.
3. Competition from New Players: The entry of new players in the healthcare market can disrupt the existing competitive landscape. Increased competition may lead to reduced earnings and lower stock prices for established companies.
4. Geopolitical Influence: Geopolitical events like trade wars or economic sanctions can negatively impact the healthcare sector. Supply chain disruptions caused by such events can affect a company's ability to meet consumer demand, potentially leading to lower stock prices.
    

How to Start Investing in Healthcare Stocks with BlinkX?

BlinkX helps you guide in your investment journey, turning complexities into rewards within the dynamic healthcare stocks sector.

Here are three simple steps to start investing in healthcare stocks:

Step 1. Go to the official website of https://blinkx.in/ or simply download the BlinkX app.

Step 2. Open a free demat account.

Step 3. And then start investing.
 

Benefits of Investing in Healthcare Stocks

Well, there are enough benefits for you to decide to invest in the healthcare sector in India.

• Consistent Demand: The demand for healthcare stocks is consistent and is not influenced by economic conditions. Thus, the healthcare sector is less volatile compared to others. 
• Growth opportunities: The healthcare sector is expanding especially after the Covid pandemic. With the growing population ages and the prevailing chronic diseases, this sector can provide long-term growth opportunities for investors.
• Diversification: Of course, adding healthcare stocks to a portfolio can help diversify risk, especially when other sectors are underperforming because the health sector is less volatile and has more growth opportunities in the upcoming time compared to other sectors.
• Innovations and profits: With increasing demand for healthcare services, healthcare companies are constantly developing new drugs, treatments, and medical devices to meet the needs of their patients and provide the best medical services. This can lead to significant profits for investors if these innovations are successful.
  
   

Conclusion
Conducting due research is always the most significant step when considering a new investment in healthcare stocks or any other market sector. Investors should do their due diligence, monitor market movements, and consider how government regulations and world events may affect these stocks. If done carefully and with well-informed judgement, investing in Indian healthcare stocks may be an attractive opportunity.