Apollo Hospital shares up 0.91% as Nifty drops

Apollo Hospital shares up 0.91% as Nifty drops
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Synopsis

A total of 6,824 shares changed hands on the counter till 10:40AM (IST).

ETMarkets.com
NEW DELHI: Shares of Apollo Hospitals Enterprise Ltd. traded 0.91 per cent up in Friday's trade at 10:40AM (IST). Around 6,824 shares changed hands on the counter.

The counter opened at Rs 5280.0 and touched an intraday high and low of Rs 5307.15 and Rs 5241.9, respectively, in the session so far. The stock of Apollo Hospitals Enterprise Ltd. quoted a 52-week high of Rs 5930.7 and a 52-week low of Rs 2252.65.

Total market cap of the Apollo Hospitals Enterprise Ltd. stood at Rs 75907.52 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 3722.7 crore for the quarter ended 30-Sep-2021, down 1.64 per cent from previous quarter's Rs 3784.85 crore and down 34.29 per cent from the year-ago quarter's Rs 2772.04 crore.

The net profit for latest quarter stood at Rs 247.82 crore, up 311.11 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2021, domestic institutional investors held 7.25 per cent stake in the firm, while foreign institutional investors held 51.54 per cent and the promoters 29.82 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 73.31 and a price-to-book ratio of 9.07. 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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