The Union Ministry has ordered an inquiry into allegations of a cash-for-kidney scam against Indraprastha Apollo hospital. The government requires concrete evidence before taking action. The case involves elaborating forging identity documents and staging 'family' photographs to present donors as relatives of would-be patients.

The National Organ and Tissue Transplant Organisation (NOTTO), which falls under the health ministry, has asked Delhi Health Secretary S B Deepak Kumar to "get the matter examined, take appropriate action ... and furnish an action-taken report within a week", according to a letter seen by Reuters.

The Delhi government is initiating an inquiry into allegations of Apollo Hospital's involvement in the illicit procurement of kidneys from impoverished individuals in Myanmar for affluent patients in the country, as reported by the London-based newspaper 'The Telegraph.'

"To be clear, IMCL complies with every legal and ethical requirement for the transplant procedures including all guidelines laid down by the government as well as our own extensive internal processes that exceed compliance requirements," a company spokesperson said.

Researchers, including those from Copenhagen University Hospital and Apollo Hospitals in India, found that a larger dose (12 mg) did not show the same benefits as the standard dose (6 mg) for COVID-19 patients in India, based on survival rates and patient well-being after 90 and 180 days.

A recent study published in The Lancet Regional Health - Southeast Asia journal indicates that a higher dose of the COVID-19 drug, dexamethasone, may have varying effects for patients in India compared to those in Europe. The research focused on assessing the efficacy of a robust dose of dexamethasone in treating COVID-19 patients, considering factors such as patient differences and health systems.

The headline indices have been trading in a range for a while now in the want of any significant trigger. Smallcap stocks maintained their outperformance for another session.

Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a long build-up.

Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a long build-up.

Manipal Health, the second largest chain with 9,500 beds and 33 hospitals in 17 cities, plans to invest about ₹1,500 crore to add 1,400 beds in the next two quarters. Market leader Apollo, which currently operates 10,000 beds, has a target to add 2,400 beds during fiscal 2025-27.

“I would stick with L&T, ABB, and Cummins. These three are the best among the capex stocks. There the managements have indicated that they are on the roll. They do not need capital as such and I think that these are the bellwethers you should own to ride this market.”

Rupak De, LKP Securities said, "Nifty has largely traded within a range, showing a predominantly bullish sentiment. Over the past two to three days, a 'buy on dips' approach has been loved by the street since the Nifty crossed the crucial 19,500 mark. The trend is expected to stay positive as the Nifty consistently concludes trading sessions above the critical moving averages. Support levels are situated at 19,630/19,500 on the lower end, while resistance is placed at 19,850/ 20,000 on the higher end."

Asian Paints saw stock pricing inching up by 2.09% and the open interest saw an increase of 2.02%. Dalmia Bharat stock gained 2.05% and open interest saw an increase of 1.28%. Hero Moto stock price gained 1.93% and open interest saw an increase of 2.17%.

Prabhudas Lilladher is bullish on Apollo Hospitals Enterprise has recommended buy rating on the stock with a target price of Rs 6000 in its research report dated November 10, 2023.

Apollo Hospitals Enterprise Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 75700.47 Crore) operating in Hospitals & Allied Services sector.

Telugu film industry stalwart Chandra Mohan passed away at 82 after a cardiac arrest. Renowned for roles in 600 films, he debuted in 'Rangula Ratnam' in 1966 and delivered notable performances in classics like 'Sankarabharanam'. Recognized with Nandi and Filmfare Awards, he leaves a significant void in the industry. His final rites are slated for November 13 in Hyderabad, according to reports.

“This year, there is no need for immediate cash infusion in Apollo HealthCo. It is being supported by Rs 130 crore of EBITDA coming from the backend pharmacy. So, there is cash for growth existing within the company and at the right valuation, we will look at a 10% dilution.”

As part of the expansion plan, the company announced a 250-bed new hospital in Pune expandable to 425 beds in 2 years at an overall cost of Rs 675 crores. The hospital is expected to be commissioned by Q1 FY25. With this expansion, Apollo will have over 1000 beds in Maharashtra including Mumbai, Pune and Nashik.

#APOLLOHOSP 📈SWING TRADE( weekly Time Frame)👉Stock is near channel support of 4700👉Upside potential 5050/5200/5500+👉Levels will invalida

The revenue for the quarter stood at Rs 4,846.90 crore, also up by 14% YoY.

Delhi's air quality was in the 'severe' category on Thursday morning with Air Quality Index (AQI) at 420 at 8 am on Thursday, tad lower than 426 at 4 pm on Wednesday. However, there are expectations of some improvement in the condition ahead of Diwali this weekend.

In a slight relief for residents, pollution levels in Delhi witnessed a marginal decrease on Tuesday morning after enduring five consecutive days of severe air quality. The national capital's Air Quality Index (AQI) improved from 421, as recorded at 4 pm on Monday, to 394, although it still remains in the "very poor" category.

​After retesting the trendline support on the weekly chart, Apollo Hospital saw a sharp recovery. Bharti Airtel has formed a fresh buying pivot after a marginal retracement to the shortterm moving average on a weekly chart.

The demand for air purifiers and masks has shot up in Delhi-NCR amid increasing levels of pollution in the region, merchants and pharmacists said. The air quality index in the national capital on Friday breached the 450 mark, raising an alarm for emergency measures to be enforced under the Centre's third stage of Graded Response Action Plan, GRAP-III.

#APOLLOHOSP 📈SWING TRADE( weekly Time Frame)👉Stock is near channel support of 4700👉Upside potential 5050/5200/5500+👉Levels will invalida

In the large cap segment, 15 companies witnessed significant block deals on the screen, which were worth Rs 3,533 crore, led by HDFC Bank with an 18 block count, totalling Rs 1,121 crore.

Quality Care India Limited (QCIL), a hospital platform owned by Blackstone, has agreed to acquire KIMS Health Management (KHML), Kerala's leading hospital chain, for ₹3,500 crore ($400 million). With this acquisition, QCIL will become the fourth largest hospital group in India, owning close to 3,800 beds.

The stock hit a 52-week high of Rs 5362 on 28 July 2023, but it failed to hold the momentum. The stock finally found support above the 50-week moving average (above Rs 4700) on the weekly charts before bouncing back.

Nifty stocks that are trading at a significant discount to their historical averages are ONGC (-45%), BPCL (-41%), Tata Steel (-38%), Apollo Hospital (-31%), and Eicher Motors (-28%). As a sector, PSU banks are trading at a P/B of 1.1x, at a 30% premium to its historical average of 0.8x while the consumer sectors P/E of 41.7x implies a 4% premium to its 10-year average of 40x. Similarly, technology is trading at a P/E ratio of 23.2x, an 18% premium to its long-term average of 19.6x.

Apollo Hospitals has acquired a partially built hospital in Sonarpur, Kolkata with a total capacity of 325 beds. The acquisition, worth Rs 102 crore, is being fully funded by Apollo Multi Speciality Hospitals. The hospital will offer high-end specialties including comprehensive oncology services with radiotherapy. This acquisition strengthens Apollo's position as the largest healthcare provider in the eastern region, with over 1800 beds across Kolkata, Bhubaneshwar, and Guwahati.

This is Apollo's second hospital in Kolkata, and its location will complement the clinical offering in its flagship hospital in the city.

Aditya Agarwala of Invest4edu believes that the market is ready for an upward movement. He recommends going long on Tata Consumer and Apollo Hospital, as they have both broken out from consolidation phases. Agarwala also suggests going long on the Bank Nifty, which he believes can test levels of 44,800 to 45,000 on the upside. Additionally, he highlights the potential of MCX and CDSL as stocks to watch.

The sector witnessed a return on equity (ROE) expansion due to profitability improvement, led by healthy operating leverage over FY19-23.

Hospital chains in India are experiencing a rise in average revenue per operating bed (ARPOB) and a decrease in average length of stay (ALOS) for patients. This has resulted in improved operational performance and higher valuations on the stock market. However, patients are facing increased treatment costs, even with shorter hospital stays, due to medical inflation and rising expenses for hospitals.

“Within the overall broader space we did initiate a few new ideas. Raymond was one such idea that we initiated recently. We believe that the company has strengthened its business in the last few years. It has got new senior leadership restructured its group. The promoters have put in capital. It has a good mix of strong established brands be it Raymonds, Park Avenue, Colour Plus, Ethnics which it now plans to grow in a asset light franchisee model.”

“The feeling of missing out (FOMO) is humongous and after the huge rally we have had in power/defence/PSUs, it is the turn of the index heavyweights and this is just starting. There will be a little bit of volatility because of the inflation numbers in the US but India is an outperformer and now the benchmark is set.”

UBS says it is positive on Apollo's core healthcare business and expect occupancy to improve to 65 percent in the second quarter from 62 percent in the June quarter

The momentum continued in broader markets as well, with the Nifty Midcap 100 up 1 percent and the smallcap 100 1.3 percent

The brokerage has picked 11 stocks with a market cap of more than $2 billion, which it believes will double from the current levels over the next three years. The stocks include KEC International, Trent, Escorts Kubota, Bharat Forge, Astral, TVS Motor, IDFC First Bank, IndiaMart, Havells India, Uno Minda and Mahindra & Mahindra Financials.

Respiratory viruses such as the novel human influenza virus (swine flu), H3N2, Victoria group, and respiratory syncytial virus (RSV) are causing a surge in illnesses resembling common cold symptoms. Official data shows that H3N2 infections account for 50% of all respiratory infections, followed by the Victoria group, RSV, and swine flu.

Former Chief Minister of Karnataka, HD Kumaraswamy, was hospitalized in Bengaluru after suffering a mild stroke. However, he has since recovered and is now in stable condition. The Apollo Hospital in Jayanagar has stated that he will be moved to the ward on Thursday and discharged in two or three days.

The B20 India Task Force on the Future of Work, Skilling, and Mobility has recommended the development of an international universal labour information management system (ULIMS) as part of the B20 center of excellence. The task force, which consists of 179 members from G20 and other countries, made seven broad points across three frameworks including the future of work, skilling, and enhancing mobility.

India has over 101 million people living with diabetes, an increase from 77 million in 2019. Managing diabetes effectively at work can be challenging, but it is crucial for better health outcomes. Here are seven steps to manage diabetes at work: create a diabetes action plan, snack smartly, pack a healthy lunch, stick to medication routine, communicate with your team about diabetes, stay physically active, and manage stress effectively.

Motilal Oswal is bullish on Apollo Hospitals recommended buy rating on the stock with a target price of Rs 5700 in its research report dated August 12, 2023.

ICICI Securities recommended hold rating on Apollo Hospitals Enterprise with a target price of Rs 5000 in its research report dated August 14, 2023.

The report is based on the agency's sample of nine listed hospital chains -- Apollo Hospitals, Aster DM Healthcare, Fortis Healthcare, Healthcare Global Enterprises, Krishna Institute of Medical Sciences, Max Healthcare, Narayana Hrudayalaya, Rainbow Children's Medicare and Shalby Hospital.

Shares of companies usually trade ex-dividend on the day or a day before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment

The Golden Crossover is a powerful chart pattern formed when a short-term moving average (usually the 50-day simple moving average) crosses above a longer-term moving average (usually the 200-day simple moving average). This pattern is often interpreted as a signal of potential upward momentum and a possible shift from a bearish trend to a bullish one