#OnCNBCTV18 | Apollo Hospitals gains on positive brokerage commentary. UBS has a Buy rating with a target price of Rs 6,050. Ekta Batra gets us more details.

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Apollo Hospitals Gains On Positive Brokerage Commentary | CNBC TV18

Apollo Hospital Enterprise’s stock (₹4,865.5) is at a crucial point, with support at ₹4,820 and major support at ₹4,595. Immediate resistances are ₹5,021 and ₹5,346, and short-term pressure is expected. In F&O, August futures closed at ₹4,856.70, September at ₹4,947.25, with 8% rollover. Suggested s…

F&O Strategy: Apollo Hospitals: Calendar Bear Put Spread

Motilal Oswal is bullish on Apollo Hospitals recommended buy rating on the stock with a target price of Rs 5700 in its research report dated August 12, 2023.

Buy Apollo Hospitals; target of Rs 5700: Motilal Oswal

Apollo’s solid organ transplant program includes heart, lung, kidney and liver transplants, it also includes a specialized organ transplant team. The high success rate is a testament to the team’s dedication and advanced medical technology.

Navi Mumbai: Apollo Hospitals Conduct 533 Organ Transplants Since 2017

Apollo Hospitals will add 500-600 offline pharmacy stores across the country as it is looking to close the current fiscal with ₹10,000 crore in revenues from its omnichannel pharmacy business

Apollo Hospitals to add about 600 pharmacy stores in FY24

ICICI Securities recommended hold rating on Apollo Hospitals Enterprise with a target price of Rs 5000 in its research report dated August 14, 2023.

Hold Apollo Hospitals Enterprise; target of Rs 5000: ICICI Securities

The report is based on the agency’s sample of nine listed hospital chains -- Apollo Hospitals, Aster DM Healthcare, Fortis Healthcare, Healthcare Global Enterprises, Krishna Institute of Medical Sciences, Max Healthcare, Narayana Hrudayalaya, Rainbow Children’s Medicare and Shalby Hospital.

Corporate hospitals to see 8-10 pc revenue growth in FY24: Report

UltraTech Cement, Apollo Hospitals, NTPC, Infosys and Tata Motors were among the top Nifty gainers, while losers included Tata Steel, Adani Ports, Hindalco Industries, HDFC Life and Bharti Airtel

Taking Stock: Last-hour buying to rescue again; Sensex up 138 points, Nifty above 19,450

“In the case of pharmacy business, you will see that there will not be deep discounting. The team will look at the market and they will be very rational. They will be very careful on how they plan discounts. But a GMV of Rs 3,000 crore is something that we are on target for.”

Suneeta Reddy on Apollo Hospitals investment and store expansion plans

Brokerages are optimistic about Apollo 24/7, is the hospital chain’s online pharmacy business, to break even by the end of this fiscal. A strong growth in the core hospitals business also aided optimism

Apollo Hospitals down, investors unimpressed but brokerages upbeat about 24/7 future

Apollo Hospitals Enterprises posted 47% y-o-y decline in Q1FY24 net profit to ₹173cr. Healthcare services vertical reported ₹264cr profit after tax. Consolidated revenue from operations rose 16% to ₹4,418cr. Standalone net profit down 36% to ₹214cr, revenue up 10% to ₹1,688cr. Shares down 1% to ₹4,8…

Apollo Hospitals Q1 net profit drops 47%

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Apollo Hospitals Enterprise Limited is a healthcare provider. The Company is engaged in offering healthcare services and operating standalone pharmacies.