I believe there are multiple factors for this:
The Hospital sector lost its momentum after the News of Supreme court order for standardization of rates…
However, NH is entering into new vertical like Health insurance and its investing heavily into new hospitals. The new hospitals have a gestation period higher, even though there are doing capex now, that will take more than 2-3 years to reflect in profit and loss statements. These are the details as of now. I believe these are some of the reasons for underperformance.
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