Apollo Hospitals share price: Buy Apollo Hospitals, target price Rs 6070: ICICI Direct

Dharmesh Shah of ICICI Direct has a buy call on Apollo Hospitals Enterprise Ltd. with a target price of Rs 6070. The current price of Apollo Hospitals Enterprise Ltd. is Rs 5722.7. Dharmesh Shah recommends to keep a stoploss at Rs 5540.

Apollo Hospitals Enterprise Ltd., incorporated in the year 1979, is a Large-Cap company (with a market cap of Rs 82478.47 Crore) operating in Hospitals & Allied Services sector.

Apollo Hospitals Enterprise Ltd. key Products/Revenue Segments include Pharmaceuticals, HealthCare Services and Other Operating Revenue for the year ending 31-Mar-2021.


Investment Rationale


Sustaining above two months range (5,200-3,955) and faster retracement of last falling segment.


Financials


For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 3722.70 Crore, down -1.64 per cent from last quarter Total Income of Rs 3784.85 Crore and up 34.29 per cent from last year same quarter Total Income of Rs 2772.04 Crore. Company has reported net profit after tax of Rs 264.89 Crore in latest quarter.


Promoter/FII Holdings


Promoters held 29.82 per cent stake in the company as of 30-Sep-2021, while FIIs owned 51.54 per cent, DIIs 12.29 per cent.

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