Share price of Apollo Hospital rises as Nifty weakens

Share price of Apollo Hospital rises as Nifty weakens
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Synopsis

A total of 4,808 shares changed hands on the counter till 11:33AM (IST).

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India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
Shares of Apollo Hospitals Enterprise Ltd. gained 0.3 per cent to Rs 4079.3 in Thursday's trade as of 11:33AM (IST). The stock hit a high price of Rs 4108.8 and low of Rs 4035.3 during the session.

The return on equity (ROE) for the stock stood at 3.26 per cent. Traded volume on the counter stood at 11:33AM shares and turnover at Rs 1.96 crore around that time. The stock of Apollo Hospitals Enterprise Ltd. quoted a 52-week high price of Rs 4229.5 and 52-week low prices of Rs 1574.0, respectively.

The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.91.

Promotor/FII Holding
Promoters held 29.82 per cent stake in the company as of 30-Jun-2021, while FIIs held 53.23 per cent and domestic institutional investors had 6.57 per cent.

Key Financials
The company reported consolidated sales of Rs 2888.4 crore for the quarter ended 31-Mar-2021, up 4.45 per cent from previous quarter's Rs 2765.34 crore and up 1.3 per cent from the year-ago quarter's Rs 2926.38 crore. Net profit after tax for the latest quarter stood at Rs 167.86 crore, down 23.48 per cent from the same quarter a year ago.

Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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