Buy Apollo Hospitals Enterprise, target price Rs 5380 : Shrikant Chouhan

Shrikant Chouhan of Kotak Securities has buy call on Apollo Hospitals Enterprise with a target price of Rs 5380. The current market price of Apollo Hospitals Enterprise is Rs 5228.7. Shrikant Chouhan recommended to keep stop loss at Rs 5140.

Apollo Hospitals Enterprise, incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 74990.89 Crore) operating in Hospitals & Allied Services sector.

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


Financials
For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 4318.55 Crore, up .46 % from last quarter Total Income of Rs 4298.94 Crore and up 20.73 % from last year same quarter Total Income of Rs 3577.15 Crore. Company has reported net profit after tax of Rs 142.07 Crore in latest quarter.

Investment Rationale
Range breakout is seen with a bullish candlestick pattern along with decent volumes.

Promoter/FII Holdings
Promoters held 29.33 per cent stake in the company as of 30-Jun-2023, while FIIs owned 47.93 per cent, DIIs 16.98 per cent.