Share price of Apollo Hospital falls as Sensex gains 53.88 points

Synopsis

A total of 13,770 shares changed hands on the counter till 12:35PM (IST)

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Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
Share price of Apollo Hospitals Enterprise Ltd. dropped 0.51 per cent to Rs 4321.2 at 12:35PM (IST) in Tuesday's trade. The stock hit a high of Rs 4352.45 and low of Rs 4273.5 so far during the session. The stock had closed at Rs 4343.55 in the previous session.

The counter had a total traded volume of 12:35PM shares so far with a turnover of Rs 5.95 crore on BSE. The stock traded at a price-to-earnings multiple of 80.56 and a price-to-book ratio of 11.55.

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 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.

Promotor/FII Holding
Promoters held 29.33 per cent stake in the company as of 31-Dec-2022, while FIIs and domestic institutional investors ownership stood at 47.94 per cent and 16.47 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 4298.94 crore for the quarter ended 31-Dec-2022, up 0.59 per cent from the previous quarter's Rs 4273.64 crore and up 17.58 per cent from the year-ago quarter's Rs 3656.08 crore.

Its profit for the latest quarter stood at Rs 153.46 crore, down 32.8 per cent from the same quarter a year ago.
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