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    Apollo Hospital shares up 0.56% as Nifty drops

    Synopsis

    A total of 18,232 shares changed hands on the counter till 11:02AM (IST).

    Once equity investing is viewed as a viable alternative to savings in the form of assets like property, gold and bank deposits, we may witness a spread of liquidity to a broader set of stocks.
    NEW DELHI: Shares of Apollo Hospitals Enterprise Ltd. traded 0.56 per cent up in Thursday's trade at 11:02AM (IST). Around 18,232 shares changed hands on the counter.

    The scrip opened at Rs 3240.0 and touched an intraday high and low of Rs 3271.0 and Rs 3216.55, respectively, in the session so far. The stock of Apollo Hospitals Enterprise Ltd. quoted a 52-week high of Rs 3396.0 and a 52-week low of Rs 1253.25.

    Total market cap of the Apollo Hospitals Enterprise Ltd. stood at Rs 46469.04 crore at the time of writing this report.

    Key Financials
    The company reported consolidated net sales of Rs 2765.34 crore for the quarter ended 31-Dec-2020, down 0.24 per cent from previous quarter's Rs 2772.04 crore and down 5.34 per cent from the year-ago quarter's Rs 2921.4 crore.

    The net profit for latest quarter stood at Rs 130.45 crore, up 41.58 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 31-Mar-2021, DIIs held 5.91 per cent stake in the firm, while foreign institutional investors held 54.51 per cent and the promoters 29.82 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 230.16 and a price-to-book ratio of 4.74. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Apollo Hospitals Enterprise Ltd. belongs to the Hospital industry.
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