Buy Apollo Hospitals Enterprise, target price Rs 5140: Edelweiss

Edelweiss has buy call on Apollo Hospitals Enterprise with a target price of Rs 5140. The current market price of Apollo Hospitals Enterprise is Rs 4801.55. Time period given by analyst is Intra Day when Apollo Hospitals Enterprise Ltd. price can reach defined target.

Apollo Hospitals Enterprise Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 69056.90 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.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 3656.08 Crore, down -1.79 % from last quarter Total Income of Rs 3722.70 Crore and up 32.21 % from last year same quarter Total Income of Rs 2765.34 Crore. Company reported net profit after tax of Rs 237.29 Crore in latest quarter.

Investment Rationale
Stock has managed to overcome this supply zone on a closing basis, hinting at a fresh upward move.

Promoter/FII Holdings
Promoters held 29.33 per cent stake in the company as of 31-Dec-2021, while FIIs owned 52.41 per cent, DIIs 12.17 per cent.