{"id":312920,"date":"2026-10-16T10:39:26","date_gmt":"2026-10-16T05:09:26","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=312920"},"modified":"2026-10-16T10:39:26","modified_gmt":"2026-10-16T05:09:26","slug":"hospital-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/","title":{"rendered":"3 Top Hospital Stocks to Watch for Future Multibagger Potential: Apollo Hospitals, Max Healthcare and Fortis Healthcare"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Apollo Hospitals Rs 7,928. Max Healthcare Rs 864.45. Fortis Healthcare Rs 746.50. Market caps from Rs 56,063 crore to Rs 1.14 lakh crore. Data as of 16 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Apollo Hospitals, Max Healthcare and Fortis Healthcare are the 3 picks in this hospital stocks watchlist, with market caps between Rs 56,063 crore and Rs 1.14 lakh crore. Apollo Hospitals stands out for the highest return on equity at 20.48%, while Max Healthcare offers the fastest profit growth, 24.26% a year since FY22. PE ratios run from 52.37 to 57.24, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.<\/p>\n<\/p><\/div>\n<p>Hospital stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Apollo Hospitals, Max Healthcare and Fortis Healthcare meet that test, with market caps from Rs 56,063 crore to Rs 1.14 lakh crore and Apollo Hospitals offering the highest return on equity at 20.48%. India has fewer hospital beds per person than most large economies, so private chains that add capacity find a long runway of demand.<\/p>\n<p>This list covers India&#8217;s large listed private hospital chains with complete, verifiable financials, ranked by market capitalisation. Not every name here is a largecap, so the list takes the leading companies of the sector by market capitalisation. Investors screening hospital stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 16 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=hospital-stocks\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#What_Are_Hospital_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\" title=\"What Are Hospital Stocks and Why Do They Attract Multibagger Interest?\">What Are Hospital Stocks and Why Do They Attract Multibagger Interest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#Hospital_Stocks_at_a_Glance_Price_Market_Cap_PE_and_ROE\" title=\"Hospital Stocks at a Glance: Price, Market Cap, PE and ROE\">Hospital Stocks at a Glance: Price, Market Cap, PE and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#Apollo_Hospitals_Return_on_Equity_of_2048\" title=\"Apollo Hospitals: Return on Equity of 20.48%\">Apollo Hospitals: Return on Equity of 20.48%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#Max_Healthcare_2426_Profit_CAGR_Since_FY22\" title=\"Max Healthcare: 24.26% Profit CAGR Since FY22\">Max Healthcare: 24.26% Profit CAGR Since FY22<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#Fortis_Healthcare_Five-Year_Gain_of_24147\" title=\"Fortis Healthcare: Five-Year Gain of 241.47%\">Fortis Healthcare: Five-Year Gain of 241.47%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#Hospital_Stocks_Financial_Comparison_on_Growth_and_Margins\" title=\"Hospital Stocks: Financial Comparison on Growth and Margins\">Hospital Stocks: Financial Comparison on Growth and Margins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#Institutional_Holding_in_Apollo_Hospitals_Max_Healthcare_and_Fortis_Healthcare\" title=\"Institutional Holding in Apollo Hospitals, Max Healthcare and Fortis Healthcare\">Institutional Holding in Apollo Hospitals, Max Healthcare and Fortis Healthcare<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#Risks_to_Weigh_in_Hospital_Stocks\" title=\"Risks to Weigh in Hospital Stocks\">Risks to Weigh in Hospital Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#How_to_Choose_Between_Hospital_Stocks\" title=\"How to Choose Between Hospital Stocks\">How to Choose Between Hospital Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#Frequently_Asked_Questions_on_Hospital_Stocks_to_Watch\" title=\"Frequently Asked Questions on Hospital Stocks to Watch\">Frequently Asked Questions on Hospital Stocks to Watch<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#Which_are_the_best_hospital_stocks_to_watch_for_multibagger_potential\" title=\"Which are the best hospital stocks to watch for multibagger potential?\">Which are the best hospital stocks to watch for multibagger potential?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#Is_Apollo_Hospitals_a_good_stock_for_long-term_investors\" title=\"Is Apollo Hospitals a good stock for long-term investors?\">Is Apollo Hospitals a good stock for long-term investors?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#Can_Max_Healthcare_become_a_multibagger_from_here\" title=\"Can Max Healthcare become a multibagger from here?\">Can Max Healthcare become a multibagger from here?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#What_is_the_market_cap_of_Apollo_Hospitals_Max_Healthcare_and_Fortis_Healthcare\" title=\"What is the market cap of Apollo Hospitals, Max Healthcare and Fortis Healthcare?\">What is the market cap of Apollo Hospitals, Max Healthcare and Fortis Healthcare?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#What_are_the_risks_of_investing_in_hospital_stocks\" title=\"What are the risks of investing in hospital stocks?\">What are the risks of investing in hospital stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#Is_Fortis_Healthcare_trading_below_its_industry_PE\" title=\"Is Fortis Healthcare trading below its industry PE?\">Is Fortis Healthcare trading below its industry PE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/hospital-stocks-to-watch-multibagger-potential\/#How_much_do_institutions_hold_in_Apollo_Hospitals_Max_Healthcare_and_Fortis_Healthcare\" title=\"How much do institutions hold in Apollo Hospitals, Max Healthcare and Fortis Healthcare?\">How much do institutions hold in Apollo Hospitals, Max Healthcare and Fortis Healthcare?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Hospital_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\"><\/span><strong>What Are Hospital Stocks and Why Do They Attract Multibagger Interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hospital stocks are listed companies that own and operate multi-speciality hospitals and earn from inpatient care, outpatient visits and diagnostics. Revenue depends on the number of operational beds, how many are occupied and what each occupied bed earns.<\/p>\n<p>Rising incomes, health insurance penetration and medical tourism support occupancy and pricing, while new beds and hospital acquisitions add capacity. Chains with strong doctor networks and improving margins are the ones investors compare closely in hospital stocks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hospital_Stocks_at_a_Glance_Price_Market_Cap_PE_and_ROE\"><\/span><strong>Hospital Stocks at a Glance: Price, Market Cap, PE and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Prices are as of 16 October 2026, mid-session. Fortis Healthcare has the lowest PE of the group at 52.37, while Apollo Hospitals posts the highest return on equity at 20.48%.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Industry PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Debt to Equity<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">52-Week Range (Rs)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/apollohosp\/apollo-hospitals-enterprise-ltd-share-price-today\">Apollo Hospitals Enterprise<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7,928<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,14,101<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">52.53<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">60.75<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.48%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.90<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6,696.50 to 9,070.50<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/maxhealth\/max-healthcare-institute-ltd-share-price-today\">Max Healthcare Institute<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">864.45<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">83,403<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">57.24<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">60.75<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13.42%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.32<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">842.05 to 1,221.90<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/fortis\/fortis-healthcare-ltd-share-price-today\">Fortis Healthcare<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">746.50<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">56,063<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">52.37<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">60.75<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.53%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.35<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">565.00 to 757.40<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Apollo_Hospitals_Return_on_Equity_of_2048\"><\/span><strong>Apollo Hospitals: Return on Equity of 20.48%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Apollo Hospitals Enterprise runs one of India&#8217;s largest hospital networks and also operates pharmacies and a digital health platform. It reported FY26 revenue of Rs 25,420.10 crore, up 15.58% year on year, and net profit of Rs 2,002.70 crore, up 33.06%. Net profit has compounded at 16.13% a year since FY22, while revenue has grown 14.59% a year. Operating margin was 15.80% in FY26.<\/p>\n<p>In the June 2026 quarter, revenue rose 20.57% to Rs 7,092.30 crore and net profit grew 38.41% to Rs 610.40 crore. The share price has gained 83.08% over five years. Domestic institutions raised their holding from 21.12% in September 2025 to 22.07% in September 2026. The stock trades at a PE of 52.53 against an industry PE of 60.75, below the sector average, with a return on equity of 20.48%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Max_Healthcare_2426_Profit_CAGR_Since_FY22\"><\/span><strong>Max Healthcare: 24.26% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Max Healthcare Institute runs a network of multi-speciality hospitals in Delhi NCR, Mumbai and other cities. It reported FY26 revenue of Rs 8,536.07 crore, up 18.82% year on year, and net profit of Rs 1,442.41 crore, up 34.07%. Net profit has compounded at 24.26% a year since FY22, while revenue has grown 20.42% a year. Operating margin was 28.15% in FY26. The debt-to-equity ratio is 0.32.<\/p>\n<p>The stock trades at a PE of 57.24 against an industry PE of 60.75, below the sector average, with a return on equity of 13.42%. In the June 2026 quarter, revenue rose 16.60% to Rs 2,406.69 crore and net profit grew 4.87% to Rs 322.96 crore. The share price has gained 149.91% over five years. Domestic institutions raised their holding from 17.42% in June 2025 to 29.96% in June 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fortis_Healthcare_Five-Year_Gain_of_24147\"><\/span><strong>Fortis Healthcare: Five-Year Gain of 241.47%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Fortis Healthcare operates a chain of hospitals and diagnostic centres across India. It reported FY26 revenue of Rs 9,178.50 crore, up 16.93% year on year, and net profit of Rs 1,064.19 crore, up 31.48%. Net profit has compounded at 7.73% a year since FY22, while revenue has grown 12.43% a year. Operating margin was 22.41% in FY26. The debt-to-equity ratio is 0.35.<\/p>\n<p>In the June 2026 quarter, revenue rose 17.29% to Rs 2,559.50 crore and net profit grew 2.26% to Rs 272.80 crore. The share price has gained 241.47% over five years. Domestic institutions raised their holding from 29.79% in June 2025 to 32.23% in June 2026. The stock trades at a PE of 52.37 against an industry PE of 60.75, below the sector average.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hospital_Stocks_Financial_Comparison_on_Growth_and_Margins\"><\/span><strong>Hospital Stocks: Financial Comparison on Growth and Margins<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares scale and growth across these hospital stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue Growth (YoY)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Revenue CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Net Profit CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Operating Margin (Latest Quarter)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Apollo Hospitals<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">25,420.10<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2,002.70<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15.58%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">14.59%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">16.13%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">16.39%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Max Healthcare<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8,536.07<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,442.41<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18.82%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.42%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">24.26%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">27.00%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Fortis Healthcare<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">9,178.50<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,064.19<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">16.93%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.43%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7.73%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">22.22%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these hospital stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Institutional_Holding_in_Apollo_Hospitals_Max_Healthcare_and_Fortis_Healthcare\"><\/span><strong>Institutional Holding in Apollo Hospitals, Max Healthcare and Fortis Healthcare<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Institutional holding shows who is backing these hospital stocks alongside the promoter. The table uses the latest reported quarter for each. Max Healthcare has the deepest institutional backing, with FII and DII together holding 71.74% as of June 2026. Domestic institutions increased their holding over the past year in Apollo Hospitals (from 21.12% to 22.07%), Max Healthcare (from 17.42% to 29.96%) and Fortis Healthcare (from 29.79% to 32.23%).<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Promoter<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">FII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">DII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Public<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Quarter<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Apollo Hospitals<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">28.02%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">43.18%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">22.07%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6.72%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Max Healthcare<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23.71%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">41.78%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">29.96%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">4.56%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Fortis Healthcare<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">31.17%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">25.20%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">32.23%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">11.40%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Weigh_in_Hospital_Stocks\"><\/span><strong>Risks to Weigh in Hospital Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Being careful with hospital stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:<\/p>\n<ul>\n<li>New hospitals take a few years to ramp up occupancy, so margins can lag capacity additions.<\/li>\n<li>Hospital stocks usually trade at premium PE multiples, so earnings growth must continue to support the price.<\/li>\n<li><strong>Valuation:<\/strong> A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.<\/li>\n<li><strong>Concentration:<\/strong> Holding all 3 names puts the allocation in one sector, so size each position to match your risk appetite.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Choose_Between_Hospital_Stocks\"><\/span><strong>How to Choose Between Hospital Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Picking from hospital stocks comes down to four checks, applied in order.<\/p>\n<ol>\n<li>Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.<\/li>\n<li>Compare each PE with the industry PE (60.75) and ask whether the growth rate justifies any gap.<\/li>\n<li>Track bed occupancy, average revenue per occupied bed and the operating margin in every quarterly result.<\/li>\n<li>Stagger entries across quarters and review institutional holding every reporting season.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Apollo Hospitals, Max Healthcare and Fortis Healthcare live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among hospital stocks, Apollo Hospitals stands out for the highest return on equity at 20.48%, Max Healthcare for the fastest profit growth, 24.26% a year since FY22 and Fortis Healthcare for the biggest five-year price gain at 241.47%. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing hospital stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Hospital_Stocks_to_Watch\"><\/span><strong>Frequently Asked Questions on Hospital Stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_hospital_stocks_to_watch_for_multibagger_potential\"><\/span><strong>Which are the best hospital stocks to watch for multibagger potential?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Apollo Hospitals, Max Healthcare and Fortis Healthcare are the 3 names this list highlights, with market caps of Rs 1,14,101 crore, Rs 83,403 crore and Rs 56,063 crore respectively. Apollo Hospitals is notable for the highest return on equity at 20.48%. Max Healthcare stands out for the fastest profit growth, 24.26% a year since FY22. Fortis Healthcare offers the biggest five-year price gain at 241.47%. These are watchlist names for hospital stocks, not recommendations, so match each one to your own risk profile and time horizon.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Apollo_Hospitals_a_good_stock_for_long-term_investors\"><\/span><strong>Is Apollo Hospitals a good stock for long-term investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Apollo Hospitals has a return on equity of 20.48%, a PE of 52.53 against an industry PE of 60.75 and a market cap of Rs 1,14,101 crore. Net profit has compounded at 16.13% a year since FY22, and FY26 revenue rose 15.58% while June 2026 quarter net profit grew 38.41%. Long-term returns in hospital stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_Max_Healthcare_become_a_multibagger_from_here\"><\/span><strong>Can Max Healthcare become a multibagger from here?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Max Healthcare has already gained 149.91% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in hospital stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 24.26% a year since FY22, and FY26 revenue rose 18.82%. At a PE of 57.24 against an industry PE of 60.75, valuation should be checked against that growth before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_of_Apollo_Hospitals_Max_Healthcare_and_Fortis_Healthcare\"><\/span><strong>What is the market cap of Apollo Hospitals, Max Healthcare and Fortis Healthcare?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 16 October 2026, Apollo Hospitals has a market cap of Rs 1,14,101 crore, Max Healthcare has a market cap of Rs 83,403 crore and Fortis Healthcare has a market cap of Rs 56,063 crore. Apollo Hospitals is the largest of the group. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on hospital stocks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_hospital_stocks\"><\/span><strong>What are the risks of investing in hospital stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are ramp-up time for new beds, premium valuations and regulatory pricing. Expansion spending comes before revenue, and the whole group trades above many other sectors on PE. Spreading entries across quarters is a sensible way to handle this. Comparing each PE with growth gives a fuller picture than the PE alone.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Fortis_Healthcare_trading_below_its_industry_PE\"><\/span><strong>Is Fortis Healthcare trading below its industry PE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Fortis Healthcare trades at a PE of 52.37 against an industry PE of 60.75. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 7.73% a year since FY22 and FY26 revenue rose 16.93%) and balance sheet strength before drawing a conclusion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_do_institutions_hold_in_Apollo_Hospitals_Max_Healthcare_and_Fortis_Healthcare\"><\/span><strong>How much do institutions hold in Apollo Hospitals, Max Healthcare and Fortis Healthcare?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of the latest reported quarter, FII and DII together hold 65.25% of Apollo Hospitals (43.18% and 22.07%), 71.74% of Max Healthcare (41.78% and 29.96%) and 57.43% of Fortis Healthcare (25.20% and 32.23%). Rising institutional holding is a useful signal in hospital stocks, though it should be read with earnings trends rather than on its own.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best hospital stocks to watch for multibagger potential?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Apollo Hospitals, Max Healthcare and Fortis Healthcare are the 3 names this list highlights, with market caps of Rs 1,14,101 crore, Rs 83,403 crore and Rs 56,063 crore respectively. Apollo Hospitals is notable for the highest return on equity at 20.48%. Max Healthcare stands out for the fastest profit growth, 24.26% a year since FY22. Fortis Healthcare offers the biggest five-year price gain at 241.47%. These are watchlist names for hospital stocks, not recommendations, so match each one to your own risk profile and time horizon.\"}},{\"@type\":\"Question\",\"name\":\"Is Apollo Hospitals a good stock for long-term investors?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Apollo Hospitals has a return on equity of 20.48%, a PE of 52.53 against an industry PE of 60.75 and a market cap of Rs 1,14,101 crore. Net profit has compounded at 16.13% a year since FY22, and FY26 revenue rose 15.58% while June 2026 quarter net profit grew 38.41%. Long-term returns in hospital stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.\"}},{\"@type\":\"Question\",\"name\":\"Can Max Healthcare become a multibagger from here?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Max Healthcare has already gained 149.91% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in hospital stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 24.26% a year since FY22, and FY26 revenue rose 18.82%. At a PE of 57.24 against an industry PE of 60.75, valuation should be checked against that growth before investing.\"}},{\"@type\":\"Question\",\"name\":\"What is the market cap of Apollo Hospitals, Max Healthcare and Fortis Healthcare?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of 16 October 2026, Apollo Hospitals has a market cap of Rs 1,14,101 crore, Max Healthcare has a market cap of Rs 83,403 crore and Fortis Healthcare has a market cap of Rs 56,063 crore. Apollo Hospitals is the largest of the group. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on hospital stocks.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of investing in hospital stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are ramp-up time for new beds, premium valuations and regulatory pricing. Expansion spending comes before revenue, and the whole group trades above many other sectors on PE. Spreading entries across quarters is a sensible way to handle this. Comparing each PE with growth gives a fuller picture than the PE alone.\"}},{\"@type\":\"Question\",\"name\":\"Is Fortis Healthcare trading below its industry PE?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Fortis Healthcare trades at a PE of 52.37 against an industry PE of 60.75. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 7.73% a year since FY22 and FY26 revenue rose 16.93%) and balance sheet strength before drawing a conclusion.\"}},{\"@type\":\"Question\",\"name\":\"How much do institutions hold in Apollo Hospitals, Max Healthcare and Fortis Healthcare?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of the latest reported quarter, FII and DII together hold 65.25% of Apollo Hospitals (43.18% and 22.07%), 71.74% of Max Healthcare (41.78% and 29.96%) and 57.43% of Fortis Healthcare (25.20% and 32.23%). Rising institutional holding is a useful signal in hospital stocks, though it should be read with earnings trends rather than on its own.\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>3 top hospital stocks compared on market cap, PE, ROE, growth and institutional holding: Apollo Hospitals, Max Healthcare and Fortis Healthcare.<\/p>\n","protected":false},"author":33,"featured_media":312918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[1154,5141],"class_list":["post-312920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-healthcare-stocks","tag-hospital-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["312918"],"rank_math_title":["Hospital Stocks 2026: Apollo Hospitals, Max Healthcare"],"rank_math_description":["Hospital stocks to watch for multibagger potential: Apollo Hospitals, Max Healthcare and Fortis Healthcare. Compare market cap, PE, ROE, growth and institutional holding."],"rank_math_focus_keyword":["hospital stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-top-hospital-stocks-to-watch-for-future-multibagger-potential-apollo-hospitals.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/312920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=312920"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/312920\/revisions"}],"predecessor-version":[{"id":312921,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/312920\/revisions\/312921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/312918"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=312920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=312920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=312920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}