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    Apollo Hospital shares rise 0.58 per cent in Tuesday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 60.3 on Tuesday.

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    Shares of Apollo Hospitals Enterprise Ltd. rose 0.58 per cent to Rs 4428.75 in Tuesday's trade as of 12:20PM (IST) even as the benchmark Nifty ruled at 17773.95, up 30.55 points.

    The scrip had closed at Rs 4403.15 in the previous session. The stock quoted a 52-week low of Rs 3365.9 and a high of Rs 4900.0. The company quoted a market-cap of Rs 63629.74 crore on the BSE.

    On BSE, 2,806 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 83.21 times its trailing 12-month EPS of Rs 53.18 per share and 11.55 times its book value. The return on equity (ROE) stood at Rs 18.77.

    Key Financials
    For the quarter ended 31-Dec-2022, Apollo Hospitals Enterprise Ltd. reported consolidated sales of Rs 4298.94 crore, up 17.58 per cent from the same quarter a year ago. The company reported 32.8 per cent YoY de-growth in net profit at Rs 153.46 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

    Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
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