INSIGHTS
Read Stock Insights by ET for a quick analysis
Edelweiss has buy call on Apollo Hospitals Enterprise Ltd. with a target price of Rs 2650. The current market price of Apollo Hospitals Enterprise Ltd. is Rs 2512.
Apollo Hospitals Enterprise Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 34976.06 Crore) operating in Hospitals & Allied Services sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2760.72 Crore, up 27.13 % from last quarter Sales of Rs 2171.50 Crore and down -2.82 % from last year same quarter Sales of Rs 2840.74 Crore. Company reported net profit after tax of Rs 68.25 Crore in latest quarter.
Investment Rationale
The stock has broken out of the trading range of Rs 2,300-2,450. Volumes on breakout are above average, adding to the confidence in the breakout.
Promoter/FII Holdings
Promoters held 30.81 per cent stake in the company as of March 31, 2020, while FIIs held 46.92 per cent, DIIs 15.02 per cent and public & others 7.25 per cent.
Apollo Hospitals Enterprise Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 34976.06 Crore) operating in Hospitals & Allied Services sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2760.72 Crore, up 27.13 % from last quarter Sales of Rs 2171.50 Crore and down -2.82 % from last year same quarter Sales of Rs 2840.74 Crore. Company reported net profit after tax of Rs 68.25 Crore in latest quarter.
Investment Rationale
The stock has broken out of the trading range of Rs 2,300-2,450. Volumes on breakout are above average, adding to the confidence in the breakout.
Promoter/FII Holdings
Promoters held 30.81 per cent stake in the company as of March 31, 2020, while FIIs held 46.92 per cent, DIIs 15.02 per cent and public & others 7.25 per cent.
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