Motilal Oswal Initiates Buy Coverage on Aster DM Healthcare Post-Merger
1 report, 1 independent
Updated Mon 00:00
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What happened
Motilal Oswal Financial Services initiated 'Buy' coverage on Aster DM Healthcare on September 28, 2026. The brokerage firm set a target price of ₹910, implying approximately 20% upside from the previous close of ₹759. This rating followed Aster DM Healthcare's merger with Quality Care India.
Why it matters
The merger created Aster DM Quality Care, a large pan-India hospital platform comprising 39 hospitals and 10,600 operational beds across 28 cities. Motilal Oswal noted that the combination deepens regional diversification and strengthens potential for cross-cluster referrals.
Who's involved
- Aster DM HealthcarePublicly traded Indian conglomerate health care provider that recently merged with Quality Care India.
- Motilal OswalBrokerage firm that initiated the 'Buy' coverage and set the target price.
How this reaches others
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The entities involved
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Aster DM Healthcare
publicly traded Indian conglomerate health care provider
Nothing else this week.
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Motilal Oswal
Indian businessman
Nothing else this week.
Related events
- ICRA Limited upgraded the long-term ratings for Aster DM Healthcare.
- Motilal Oswal initiated coverage with a buy rating on Turtlemint Fintech Solutions, noting the company's strong foothold in India's insurance distribution market.
- Motilal Oswal initiated coverage with a buy rating on V2 Retail on September 7, 2026.