Buying property in his home country was once unthinkable for Carlos Pealver, a Venezuelan electrician who left for the United States four years ago as the economy of Venezuela faltered. The capture of President Nicolás Maduro changed the calculus, enough to get Pealver to start calling real estate agents.
Fortis Healthcare reported a 19% revenue growth in its hospital business, driven by acquisitions and brownfield expansions. The company anticipates reaching 70% occupancy within a year and is on track for margin expansion, with hospital EBITDA expected to reach 24-25%.
Indian companies are reporting strong earnings growth. Metals and oil & gas sectors are leading the charge. Even excluding these, growth remains robust. Auto, capital goods, NBFCs, and PSU banks are showing healthy gains. Smallcaps are also recovering. Despite this, market sentiment is cautious, particularly for mid and smallcap stocks. Investors need to be selective.
