Buy Apollo Hospitals Enterprise, target price Rs 3130: Motilal Oswal

Motilal Oswal has buy call on Apollo Hospitals Enterprise Ltd. with a target price of Rs 3130. The current market price of Apollo Hospitals Enterprise Ltd. is Rs 2957.

Apollo Hospitals Enterprise Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 41408.52 Crore) operating in Hospitals & Allied Services sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 2765.34 Crore, down -.24 % from last quarter Total Income of Rs 2772.04 Crore and down -5.34 % from last year same quarter Total Income of Rs 2921.40 Crore. Company reported net profit after tax of Rs 118.62 Crore in latest quarter.


Investment Rationale
Set for a Triangle breakout along with positive signal on mechanical indicator

Promoter/FII Holdings
Promoters held 30.81 per cent stake in the company as of March 31, 2020, while FIIs held 46.92 per cent, DIIs 15.02 per cent and public & others 7.25 per cent.