Buy Apollo Hospitals Enterprise, target price Rs 4770: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Apollo Hospitals Enterprise with a target price of Rs 4770. The current market price of Apollo Hospitals Enterprise is Rs 4569.15.

Apollo Hospitals Enterprise Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 65666.45 Crore) operating in Hospitals & Allied Services sector.

Apollo Hospitals Enterprise Ltd. key Products/Revenue Segments include HealthCare Services and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 3811.66 Crore, up 6.56 % from last quarter Total Income of Rs 3577.15 Crore and up .71 % from last year same quarter Total Income of Rs 3784.85 Crore. Company reported net profit after tax of Rs 335.80 Crore in latest quarter.

Investment Rationale
Making higher lows from 5 mths; came out of range on weekly frame with price vol. breakout on daily frame

Promoter/FII Holdings
Promoters held 58.66 per cent stake in the company as of 30-Sep-2022, while FIIs owned 48.48 per cent, DIIs 30.44 per cent.