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    Buy Apollo Hospitals Enterprise, target price Rs 5200 : Edelweiss

    Synopsis

    Apollo Hospitals Enterprise, incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 70043.98 Crore) operating in Hospitals & Allied Services sector.

    Apollo Hospitals
    Promoters held 58.66 per cent stake in the company as of 30-Sep-2022, while FIIs owned 48.48 per cent, DIIs 30.44 per cent.
    Edelweiss has buy call on Apollo Hospitals Enterprise with a target price of Rs 5200. The current market price of Apollo Hospitals Enterprise is Rs 4845.5. Edelweiss recommended to keep stop loss at Rs 4695.

    Apollo Hospitals Enterprise, incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 70043.98 Crore) operating in Hospitals & Allied Services sector.

    Apollo Hospitals Enterprise key Products/Revenue Segments include HealthCare Services and Other Operating Revenue for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 4273.64 Crore, up 12.12 % from last quarter Total Income of Rs 3811.66 Crore and up 14.80 % from last year same quarter Total Income of Rs 3722.70 Crore. Company has reported net profit after tax of Rs 226.00 Crore in latest quarter.

    The company’s top management includes Dr.Prathap C Reddy, Dr.Murali Doraiswamy, Mrs.V Kavitha Dutt, Dr.Som Mittal, Mr.Vinayak Chatterjee, Mr.M B N Rao, Mrs.Sangita Reddy, Mrs.Suneeta Reddy, Mrs.Shobana Kamineni, Mrs.Preetha Reddy, Mrs.Rama Bijapurkar. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2022, the company has a total of 14 Crore shares outstanding.

    Investment Rationale
    Follow through to the Bullish Flag and pole pattern. Above average volumes indicate firm bull control in the counter.

    Promoter/FII Holdings
    Promoters held 58.66 per cent stake in the company as of 30-Sep-2022, while FIIs owned 48.48 per cent, DIIs 30.44 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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