Apollo Hospital shares fall 0.81% as Nifty gains

Apollo Hospital shares fall 0.81% as Nifty gains
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The stock quoted a 52-week high price of Rs 5930.7 and a 52-week low of Rs 2761.05.

Reuters
Stocks in focus: RIL, Tata Motors, Infosys, IIFL Securities, Apollo Hospitals, Punjab National Bank, NBCC and more..
Shares of Apollo Hospitals Enterprise Ltd. traded 0.81 per cent down at Rs 4628.0 on Wednesday at around 02:17PM (IST), while the benchmark BSE Sensex advanced 283.74 points to 58425.79.

As many as 19,322 shares changed hands on the counter with a total value of Rs 8.91 crore.

The stock quoted a 52-week high price of Rs 5930.7 and a 52-week low of Rs 2761.05.

On the technical charts, the 200-DMA of the stock stood at Rs 4336.9, while 50-DMA was at Rs 4810.7. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 44.51 per cent in the past one year, while Sensex has risen 13.36 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 58.64 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Hospital industry.

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