Budget 2026: Max Healthcare, other hospital stocks rise up to 4% as FM proposes to build 5 medical tourism hubs
I'm LongbridgeAI, I can summarize articles.Shares of hospitals, including Max Healthcare, Narayana Hrudayalaya, and Apollo Hospitals, rose significantly on February 1 after Finance Minister Nirmala Sitharaman proposed the establishment of five medical tourism hubs in India during the Union Budget 2026 presentation. The initiative aims to promote India as a medical tourism destination, enhancing healthcare services and creating job opportunities. Max Healthcare's shares increased by over 4%, while Narayana Hrudayalaya and Apollo Hospitals saw gains of over 3% and nearly 1.5%, respectively. This development is expected to boost foreign patient inflow and sector growth.
The shares of hospitals jumped in trade on February 1 after Finance Minister proposed to build 5 medical value tourism hubs in India.
Max Healthcare Institute shares jumped more than 4 percent to trade at Rs 996.4 apiece. Narayana Hrudayalaya shares gained over 3 percent, while Apollo Hospitals Enterprises shares rose nearly 1.5 percent.
What FM Sitharaman said:
While presenting Union Budget 2026, Finance Minister Nirmala Sitharaman proposed to launch a scheme to support states in establishing five regional medical hubs to promote India as a hub for medical tourism services.
“In partnership with the private sector, these hubs will serve as integrates healthcare complexes that combine medical, educational and research facilities. There will be AYUSH centres, medical-valued tourism facilitation centres and infrastructure for diagnostics, post-care and rehabilitation. These hubs will provide diverse opportunities, job opportunities for healthy professionals including doctors,” the finance minister said today.
The medical hubs being built in partnership with the private sector may have boosted the hospital stocks, as they may increase foreign patient inflow, revenues and sector growth.
(This is a developing story. Come back later for more updates)
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