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Aster DM Gets 'Add' Rating As HDFC Securities Initiates Coverage
HDFC Securities initiates coverage with an Add rating and assign EV/Ebitda of 26x to arrive at a target price of Rs 620.
20 Jun 2025, 12:54 PM IST 
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Aster DM Healthcare Ltd.'s India's strategic expansion and merger fuels growth. (Photo Source: Company website)
Aster DM is among the top five healthcare companies in India, operating 19 hospitals (5,159 total beds/3,769 operational beds) and a network of pharmacies and diagnostic centres (262 labs/ PECs^, 203 pharmacies) across the southern India region. It has recently unlocked value by segregating its legacy GCC* business in Apr’24, generating ~$908 million, which has solidified its cash position (at Rs 13.81 billion as of March-25).
