Healthcare Stocks: Best Healthcare Shares in India (2026)
India’s healthcare sector is capturing market attention as the Union Budget 2026–27 allocates over ₹1.06 lakh cr to the Ministry of Health & Family Welfare, marking nearly a 10 % increase year-on-year and record public spending on health infrastructure, research, insurance and medical tourism hubs.
List of Top Healthcare Sector Stocks in NSE (2026)
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| NameStocks (353)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1D Return1D Return↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ↓Dividend YieldDiv Yield↓ | ↓Debt to EquityDebt to Equity↓ | ↓Volatility vs NiftyVolatility vs Nifty↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Sun Pharmaceutical Industries LimitedSUNPHARMA | PharmaceuticalsPharmaceuticals | 4,22,522.894,22,522.89 | 1,761.001,761.00 | 36.8136.81 | 0.200.20 | -5.01-5.01 | -1.00-1.00 | 2.632.63 | 5.045.04 | 14.6814.68 | 18.0218.02 | 0.910.91 | 0.060.06 | 1.321.32 | |
| 2. | Divi's Laboratories LtdDIVISLAB | Labs & Life Sciences ServicesLabs & Life Sciences Services | 2,56,548.842,56,548.84 | 9,664.009,664.00 | 99.9099.90 | 1.101.10 | 1.071.07 | 47.9047.90 | 48.4048.40 | 15.3115.31 | 16.1916.19 | 18.9818.98 | 0.310.31 | 0.000.00 | 1.591.59 | |
| 3. | Torrent Pharmaceuticals LtdTORNTPHARM | PharmaceuticalsPharmaceuticals | 1,74,208.481,74,208.48 | 4,580.004,580.00 | 80.5380.53 | 0.500.50 | -6.23-6.23 | 8.248.24 | 27.2527.25 | 9.919.91 | 17.1917.19 | 9.249.24 | 0.740.74 | 0.850.85 | 1.521.52 | |
| 4. | Laurus Labs LtdLAURUSLABS | PharmaceuticalsPharmaceuticals | 1,21,246.061,21,246.06 | 2,244.002,244.00 | 136.42136.42 | 2.852.85 | 11.0511.05 | 102.87102.87 | 133.34133.34 | 22.3222.32 | 17.7217.72 | 19.6719.67 | 0.090.09 | 0.460.46 | 2.012.01 | |
| 5. | Zydus Lifesciences LtdZYDUSLIFE | PharmaceuticalsPharmaceuticals | 1,18,144.351,18,144.35 | 1,184.401,184.40 | 23.4423.44 | 0.760.76 | -2.73-2.73 | 30.0330.03 | 18.1018.10 | 3.993.99 | 18.0218.02 | 20.1920.19 | 0.090.09 | 0.420.42 | 1.621.62 | |
| 6. | Apollo Hospitals Enterprise LimitedAPOLLOHOSP | Hospitals & Diagnostic CentresHospitals & Diagnostic Centres | 1,17,903.421,17,903.42 | 8,200.008,200.00 | 60.7260.72 | 0.770.77 | -7.71-7.71 | 6.376.37 | 4.354.35 | 11.8111.81 | 18.4218.42 | 19.8119.81 | 0.240.24 | 0.850.85 | 1.411.41 | |
| 7. | Dr. Reddy's Laboratories LimitedDRREDDY | PharmaceuticalsPharmaceuticals | 1,12,048.301,12,048.30 | 1,345.001,345.00 | 26.7026.70 | 0.720.72 | 8.198.19 | 1.141.14 | 7.527.52 | 2.932.93 | 11.6311.63 | 14.4814.48 | 0.600.60 | 0.200.20 | 1.631.63 | |
| 8. | Cipla LtdCIPLA | PharmaceuticalsPharmaceuticals | 1,09,708.831,09,708.83 | 1,358.001,358.00 | 28.2828.28 | -0.56-0.56 | -2.30-2.30 | 3.073.07 | -14.11-14.11 | 3.183.18 | 11.7911.79 | 14.9414.94 | 0.960.96 | 0.020.02 | 1.341.34 | |
| 9. | Mankind Pharma LtdMANKIND | PharmaceuticalsPharmaceuticals | 1,01,993.221,01,993.22 | 2,469.302,469.30 | 53.3253.32 | -0.83-0.83 | 1.331.33 | 9.429.42 | 1.051.05 | 6.166.16 | 12.2912.29 | 14.0114.01 | 0.040.04 | 0.380.38 | 1.931.93 | |
| 10. | Aurobindo Pharma LimitedAUROPHARMA | PharmaceuticalsPharmaceuticals | 95,506.9895,506.98 | 1,659.901,659.90 | 27.2527.25 | 0.920.92 | -2.19-2.19 | 18.8418.84 | 49.3149.31 | 2.522.52 | 9.949.94 | 13.6913.69 | 0.240.24 | 0.210.21 | 1.791.79 | |
| 11. | Lupin LimitedLUPIN | PharmaceuticalsPharmaceuticals | 90,996.7490,996.74 | 1,989.901,989.90 | 17.0617.06 | 0.870.87 | -4.15-4.15 | -13.91-13.91 | 1.741.74 | 4.044.04 | 26.7926.79 | 28.6628.66 | 0.900.90 | 0.290.29 | 1.311.31 | |
| 12. | Manipal Health Enterprises LimitedMANIPALHOS | Hospitals & Diagnostic CentresHospitals & Diagnostic Centres | 84,026.3084,026.30 | 638.80638.80 | 94.1794.17 | -0.69-0.69 | -11.76-11.76 | -4.22-4.22 | -4.22-4.22 | 9.559.55 | 12.0612.06 | 9.569.56 | -- | 1.461.46 | 2.392.39 | |
| 13. | Max Healthcare Institute LimitedMAXHEALTH | Hospitals & Diagnostic CentresHospitals & Diagnostic Centres | 82,843.3082,843.30 | 851.15851.15 | 57.4357.43 | -0.04-0.04 | -14.28-14.28 | -15.44-15.44 | -28.44-28.44 | 7.717.71 | 14.3314.33 | 12.7412.74 | 0.230.23 | 0.320.32 | 1.761.76 | |
| 14. | Glenmark Pharmaceuticals LimitedGLENMARK | PharmaceuticalsPharmaceuticals | 66,012.3566,012.35 | 2,339.002,339.00 | 48.4748.47 | 1.701.70 | 0.370.37 | -3.10-3.10 | 26.8926.89 | 6.286.28 | 14.0714.07 | 16.2116.21 | 0.210.21 | 0.060.06 | 1.881.88 | |
| 15. | Alkem Laboratories LtdALKEM | PharmaceuticalsPharmaceuticals | 60,727.0660,727.06 | 5,079.005,079.00 | 26.3826.38 | 0.180.18 | -1.69-1.69 | -4.96-4.96 | -8.24-8.24 | 4.234.23 | 17.1917.19 | 18.8618.86 | 1.041.04 | 0.140.14 | 1.481.48 | |
| 16. | Aster DM Quality Care LimitedASTERDM | Hospitals & Diagnostic CentresHospitals & Diagnostic Centres | 59,136.1559,136.15 | 679.20679.20 | 152.36152.36 | 1.461.46 | -8.48-8.48 | -2.90-2.90 | -2.95-2.95 | 12.2312.23 | 9.159.15 | 9.889.88 | 0.260.26 | 0.460.46 | 1.901.90 | |
| 17. | Biocon LimitedBIOCON | BiotechnologyBiotechnology | 57,242.1657,242.16 | 351.90351.90 | 148.45148.45 | 0.340.34 | -6.42-6.42 | -2.86-2.86 | -5.83-5.83 | 1.561.56 | 1.201.20 | 2.912.91 | 0.140.14 | 0.420.42 | 1.701.70 | |
| 18. | Fortis Healthcare LtdFORTIS | Hospitals & Diagnostic CentresHospitals & Diagnostic Centres | 56,991.7956,991.79 | 754.90754.90 | 54.7154.71 | -0.61-0.61 | -9.38-9.38 | -19.28-19.28 | -28.48-28.48 | 5.605.60 | 10.7710.77 | 12.2512.25 | 0.130.13 | 0.340.34 | 1.741.74 | |
| 19. | Abbott India LtdABBOTINDIA | PharmaceuticalsPharmaceuticals | 55,556.3055,556.30 | 26,145.0026,145.00 | 35.8035.80 | -0.49-0.49 | -1.97-1.97 | 2.632.63 | -11.98-11.98 | 11.6411.64 | 34.4634.46 | 41.8741.87 | 2.512.51 | 0.040.04 | 1.401.40 | |
| 20. | Gland Pharma LtdGLAND | PharmaceuticalsPharmaceuticals | 50,732.5950,732.59 | 3,074.503,074.50 | 49.3849.38 | 0.840.84 | 5.445.44 | 76.7976.79 | 61.4361.43 | 4.904.90 | 10.5310.53 | 13.8213.82 | 0.650.65 | 0.030.03 | 2.322.32 |
Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Selection criteria: Sub-sector: Health Care | Market Cap: Sorted from Highest to Lowest
Selection criteria: Sub-sector: Health Care | Market Cap: Sorted from Highest to Lowest
Union Budget 2026=27 Update for the Healthcare Sector
Union Budget 2026–27 raised the allocation for the Ministry of Health & Family Welfare to ₹1,06,530 cr (BE), a 10% increase over the revised estimates of 2025–26:
- Biopharma SHAKTI (₹10,000 cr over 5 years): Aimed at building a domestic ecosystem for biologics and biosimilars, including 3 new NIPERs, upgrades to 7 existing NIPERs, and 1,000+ accredited clinical trial sites.
- Regulatory strengthening: Proposal to strengthen the Central Drugs Standard Control Organisation (CDSCO) with a dedicated scientific review cadre and specialists to align with global standards and timelines.
- Medical value tourism push: Scheme to support States in setting up five Regional Medical Hubs (with private sector partnership), positioned as integrated healthcare complexes with care, education, and research facilities.
- Mental health capacity: Proposal to set up NIMHANS-2 and upgrade National Mental Health Institutes in Ranchi and Tezpur as regional apex institutions.
- Emergency and trauma care: Plan to expand capacities in District Hospitals by 50% through new Emergency and Trauma Care Centres.
- Patient cost relief via customs duty changes: Basic customs duty exemption on 17 drugs/medicines, plus 7 additional rare diseases added for duty exemption on personal imports of specified therapies/FSMP.
- NHM allocation: National Health Mission allocation set at ₹39,390 cr.
How to Invest in Healthcare Sector Stocks?
Investing in Healthcare sector stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in Healthcare stocks:
- Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
- Search for Healthcar Stocks: Go to Tickertape Stock Screener and set the “Sub-sector: healthcare” filter
- Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or returns. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top healthcare sector stocks in India.
- Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
- Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
- Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.
You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!
Overview of the Best Healthcare Sector Stocks in India
Sun Pharmaceutical Industries Ltd
Sun Pharmaceutical is India’s largest pharmaceutical company, specialising in the development, manufacturing, and marketing of generic and speciality medicines. With a presence in over 150 countries, it focuses on therapeutic areas such as oncology, cardiology, neurology, and dermatology and leads the global generic drug market.
Divi's Laboratories Ltd
Divi's Laboratories is a leading global manufacturer of active pharmaceutical ingredients (APIs) and intermediates. The company provides high-quality products in therapeutic areas such as oncology, cardiovascular diseases, and antibiotics. It also produces ingredients for generics and branded formulations, serving both the domestic and international markets.
Torrent Pharmaceuticals Ltd
Torrent Pharmaceuticals is a major Indian pharmaceutical company, specialising in branded and generic formulations. With a strong global presence, it focuses on critical therapeutic areas, including cardiovascular, central nervous system, and gastroenterology. Torrent’s commitment to R&D drives its product innovation and market competitiveness.
Apollo Hospitals Enterprise Ltd
Apollo Hospitals Enterprise Ltd operates India's largest private hospital network with 71 hospitals and 10,200+ beds providing tertiary care across 50+ specialities. Founded in 1983 by Dr. Prathap C. Reddy as India's first corporate hospital and NSE-listed since 1996, the Chennai-based company operates 5,000+ Apollo Pharmacies, 200+ clinics, diagnostics centres, telemedicine facilities, and Apollo 24/7 digital platform.
Cipla Ltd
Cipla is a multinational pharmaceutical company, renowned for its development of affordable medications, including treatments for respiratory, HIV/AIDS, oncology, and cardiovascular diseases. Cipla is a market leader in the generic pharmaceutical space and focuses on expanding its global footprint and improving access to medicines.
What are Healthcare Sector Stocks?
Healthcare sector stocks represent shares of companies involved in the healthcare industry, which includes pharmaceuticals, biotechnology, medical devices, hospitals, and health insurance. The sector's performance is often driven by factors like ageing populations, healthcare innovations, government policies, and demand for medical treatments.
What are the Different Types of Healthcare Stocks India?
- Pharmaceutical companies: These companies develop and produce medicines.
- Biotechnology companies: Focus on research and the development of new drugs and therapies.
- Medical device companies: Design and manufacture medical equipment and devices.
- Healthcare service providers: Operate hospitals, clinics, and other healthcare facilities.
- Healthcare insurance companies: Offer health insurance coverage to individuals and businesses.
Who Can Consider Investing in Healthcare Stocks?
The Long-Term Structural Growth Observer
Investors who follow long-term demand themes such as an ageing population, rising insurance coverage, and expanding healthcare access may track healthcare stocks India to understand how these structural drivers translate into business growth.
The Defensive Allocation Seeker
Investors who look for relatively less cyclical sectors often examine healthcare sector stocks. Since medical spending is largely essential, they may assess earnings stability during economic slowdowns.
The Policy and Reform Tracker
Market participants who closely monitor government healthcare schemes, regulatory changes, and public spending trends may study Indian healthcare stock market developments to evaluate how policy shifts affect listed companies.
The Institutional-Style Data Analyst
Investors who prioritise financial metrics may review margins, occupancy rates, return ratios, and debt levels. Healthcare stocks India can draw attention when operational indicators show consistent improvement.
The Portfolio Diversification Planner
Investors focused on sector allocation may analyse healthcare stocks India to understand how the sector fits within the overall portfolio structure and risk distribution.
Advantages of Investing in Healthcare Stocks in India
Expanding Insurance Coverage
By June 2026, Ayushman Bharat had authorised 12.69 crore hospital admissions worth ₹1.92 lakh crore. Expanding healthcare coverage supports patient access and creates demand for participating hospitals, diagnostics and treatment providers.
Pharmaceutical Exports
India's pharmaceutical exports increased from $27.75 bn in CY2024 to $30.45 bn in CY2025. Established export markets create revenue opportunities for Indian drug manufacturers across generics, formulations and pharmaceutical ingredients.
Senior Citizen Coverage
Ayushman Bharat coverage extends to approximately 6 crore senior citizens aged 70 and above. Wider insurance eligibility can support treatment demand for hospitals providing cardiac care, orthopaedics, oncology and other specialised services.
Healthcare Digitisation
By March 2026, India had created over 86 crore Ayushman Bharat Health Accounts and linked more than 90 crore health records. Digital adoption supports healthcare software, hospital management and diagnostic technology businesses.
Risks of Investing in Healthcare Stocks
Regulatory Scrutiny
Pharmaceutical manufacturers face inspections, product approvals and quality requirements across domestic and international markets. Regulatory observations, manufacturing deficiencies or product recalls can interrupt sales and increase remediation costs.
Pricing Restrictions
Government price controls and public procurement arrangements influence medicine and treatment pricing. These mechanisms improve affordability but can constrain margins for pharmaceutical manufacturers and healthcare providers with substantial exposure to regulated products.
Hospital Cost Pressure
Hospitals require significant investment in medical equipment, specialist doctors and clinical infrastructure. Rising staff expenses, equipment costs and lower patient occupancy can affect profitability, particularly during hospital expansion.
Drug Patent Expiry
Pharmaceutical companies can face revenue pressure when patents expire and generic competitors enter the market. Product concentration and delays in developing replacement medicines can increase earnings volatility for research-focused manufacturers.
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Factors to Consider Before Investing in Healthcare Stocks
Business Segment
Healthcare companies operate across pharmaceuticals, hospitals, diagnostics, medical devices and healthcare technology. Revenue models and operating margins differ substantially, making business segment exposure important for interpreting financial performance and industry growth.
Hospital Occupancy
For hospital operators, occupancy, average revenue per occupied bed and treatment mix influence financial performance. New facilities may initially report lower utilisation while staffing and infrastructure expenses remain relatively fixed.
Product Pipeline
Pharmaceutical revenue depends on existing products and new drug approvals. Patent expiries, product launches, research expenditure and regulatory approvals influence how companies replace declining sales and expand into additional therapeutic categories.
Insurance Exposure
Ayushman Bharat had a network of 37,413 empanelled hospitals by June 2026. Hospital revenue exposure to government-funded and private insurance affects treatment pricing, claims settlement and working capital requirements.
Conclusion
India’s healthcare sector continues to expand, supported by rising hospital capacity, higher insurance coverage, medical tourism, and steady pharmaceutical exports. The Nifty Healthcare Index has shown relative resilience compared to several cyclical sectors, while leading hospital operators such as Apollo Hospitals and Max Healthcare Institute have reported consistent revenue growth in recent periods. With India’s healthcare market estimated at over ₹10 tn and continuing to scale across hospitals, diagnostics, and pharma, investors tracking healthcare stocks in India can use data-led tools like the Tickertape Stock Screener to analyse price trends and apply 200+ fundamental and risk filters for structured evaluation.
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Frequently Asked Questions on Healthcare Stocks
What are healthcare sector stocks?
Healthcare stocks represent shares of companies operating across hospitals, diagnostics, medical equipment, telemedicine and medical tourism. The broader healthcare sector also includes pharmaceutical manufacturers and biotechnology companies involved in developing medicines, treatments and healthcare technologies.How can healthcare sector stocks be evaluated?
When comparing listed healthcare companies in India, relevant business indicators include service offerings, competitive positioning, regulatory compliance, technological capabilities and financial performance. Hospital occupancy, pharmaceutical product pipelines and diagnostic volumes may also influence company-specific performance.What are the risks involved in investing in healthcare stocks in India?
Health sector stocks face risks from regulatory changes, patent expirations, pricing restrictions and clinical trial outcomes. Hospitals may experience reimbursement delays, rising operating costs and competition, while pharmaceutical manufacturers face quality inspections and product approval requirements.Who should consider investing in Indian healthcare stocks?
The suitability of healthcare stocks depends on individual investment objectives, risk tolerance and understanding of the sector. Relevant considerations include a company's research pipeline, treatment offerings, regulatory record, financial strength and competitive position.What are the top 5 healthcare stocks in India?
The following top healthcare stocks in India are listed based on 1-year returns, as of 22nd September 2026:
Disclaimer: The above healthcare stocks list is for educational purposes only and should not be considered investment advice.How to invest in the best healthcare stocks in India?
Here’s how users can explore healthcare stocks using Tickertape:- Go to the Tickertape Stock Screener
- Select the 'healthcare' sub-sector.
- From this sector, analyse and sort the healthcare stocks using over 200+ filters—including valuation ratios, financials, technical indicators, and more—based on your investment thesis.
- Review the filtered Nifty healthcare stocks list, and identify healthcare stocks that best align with your risk appetite, return expectations, and investment goals.
- Once you've shortlisted the healthcare stocks, click ‘Place Order’ to invest in your preferred stocks.
Disclaimer: Please do your own research or consult your financial advisor before investing.
What are the advantages of investing in healthcare stocks?
Health sector stocks provide exposure to businesses serving medical needs across hospitals, pharmaceuticals, diagnostics and healthcare technology. Rising healthcare coverage, ageing populations, treatment demand and medical innovation influence growth opportunities across these segments.How to find top-performing healthcare stocks?
The Tickertape Stock Screener allows users to compare top healthcare stocks in India using financial performance, profitability, growth trends and valuation metrics. These filters help analyse differences between hospital operators, pharmaceutical manufacturers and other healthcare businesses.Are healthcare stocks a good investment?
The performance of listed healthcare companies in India depends on business models, financial strength, innovation and regulatory developments. Hospital operators, pharmaceutical manufacturers and diagnostic companies face different operating conditions, making industry growth an incomplete indicator of individual stock returns.How to find healthcare stocks with strong dividends?
Dividend-paying healthcare stocks can be explored through the Tickertape Stock Screener. Select the 'Healthcare' sub-sector and apply the 'Dividend Yield' filter to compare companies. Dividend history and financial performance provide additional context on individual payout policies.Disclaimer: Please do your own research or consult your financial advisor before investing.
