These 5 Healthcare Stocks Are Now Very Close To 52-week Lows

Markets have been making a come-back in the last few trading sessions, even as interest rate fears continue to haunt the markets.

Here are 5 healthcare stocks that are close to 52-week lows.

Name	Current market price	Distance from 52-week low
Dr Lal's	1910	5.45%
Alembic Pharma	513.90	7.28%
Gland Pharma	1263	7.50%
GSK Pharma	1282	4%
Biocon	223.50	2.75%

Why are healthcare stocks falling?

Each healthcare stock could be falling for different reasons. Some of the pathological stocks like Dr Lal's would have seen business impacted a little post covid. Heavy demand for the company's services during covid, would have led to brighter business prospects. Some other companies have been impacted by eroding margins in the United States. However, the fast depreciating rupee could help protect margins for pharma exporters. Some other pharma companies like Sanofi have declared massive dividends, which has made some of these stocks very attractive. Interestingly, some of these stocks have dropped significantly from 52-week highs.

Please note, that the article we are examining the stocks that have fallen and investors should no way construe this as a fundamental analysis to "buy", "sell" or "hold" any of these stocks.

"We believe the Indian Healthcare is on a long-term structural growth path. We expect Hospitals and Diagnostics segments to see double-digit revenue CAGR in the non-Covid business over FY23-25, driven by network expansion, rising healthcare awareness, people's improving ability to afford healthcare services and a high disease burden," BNP Paribas said in a recent report.

Diagnostic player stocks like Metropolis Healthcare, KRSNAA Diagnostics has also seen substantial fall in their stock prices. Hard to say whether there would be recovery in some of the stock prices, but, one would have to be patient. The markets themselves have been hovering in a range for many weeks now with some stocks barely moving.