Apollo, Max Health, other hospital stocks rally up to 5% despite cancer drug price caps. Why Jefferies stays bullish

Hospital stocks including Fortis Healthcare, Dr Agarwal’s, Manipal, Apollo Hospitals and Medanta gained up to 5% on Friday, after the government decided to cap trade margins on non-scheduled anti-cancer drugs at 30%, a move that could reduce the prices of several cancer medicines by up to 70% and sa