Share price of Apollo Hospital jumps as Sensex drops 60.61 points

Share price of Apollo Hospital jumps as Sensex drops 60.61 points
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Synopsis

Promoters held 29.33 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 52.41 per cent and 6.64 per cent, respectively.

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India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
The share price of Apollo Hospitals Enterprise Ltd. gained 0.55 per cent to Rs 4586.95 at 01:13PM (IST) in Tuesday's trade. The stock has hit a high of Rs 4604.05 and low of Rs 4548.7 so far during the session. The stock had closed at Rs 4562.05 in the previous session.

The counter has had a total traded volume of 9188 shares so far with a value of Rs 4.2 crore on the NSE. It traded at a price-to-earnings multiple of 57.87 and a price-to-book ratio of 9.07.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 57.14 per cent during the past one year, while the 30-share index advanced 21.04 per cent during the same period.

Apollo Hospitals Enterprise Ltd. belongs to the Hospital industry.

Promotor/FII Holding
Promoters held 29.33 per cent stake in the company as of 31-Dec-2021, while overseas investors and domestic institutional investors ownership stood at 52.41 per cent and 6.64 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 3656.08 crore for the quarter ended 31-Dec-2021, down 1.79 per cent from the previous quarter's Rs 3722.7 crore and down 32.21 per cent from the year-ago quarter's Rs 2765.34 crore.

Profit for the latest quarter stood at Rs 228.37 crore, up 75.06 per cent from the same quarter a year ago.

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