Apollo Hospitals a good bet for medium to long term: Avinnash Gorakssakar, Mintdirect.com

In a chat with ET Now, Avinnash Gorakssakar, Head of Research at Mintdirect.com, shares his views on Apollo Hospitals. Excerpts:

ET Now: Do you look at Apollo Hospitals? A lot of brokerages are bullish on this stock.

Avinnash Gorakssakar: Even at current valuations, if one takes a reasonably medium to longer term horizon, there is value to be made. This business is very tricky and extremely capital intensive. There are not many players in the business and the kind of diverse geography and exposure Apollo Hospitals has, my sense is that if one takes a year or two-year horizon, this could be a good multibagger stock. In terms of business, management credibility and the track record, one can definitely look forward to this stock if one has a medium to long term.