Buy Apollo Hospitals Enterprise, target price Rs 6045: ICICI Direct

ICICI Direct has buy call on Apollo Hospitals Enterprise with a target price of Rs 6045. The current market price of Apollo Hospitals Enterprise is Rs 4861.75.

Time period given by analyst is one year 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 69849.15 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 30-09-2021, the company reported a Consolidated Total Income of Rs 3722.70 Crore, down -1.64 % from last quarter Total Income of Rs 3784.85 Crore and up 34.29 % from last year same quarter Total Income of Rs 2772.04 Crore. Company reported net profit after tax of Rs 264.89 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 29.82 per cent stake in the company as of 30-Sep-2021, while FIIs owned 51.54 per cent, DIIs 12.29 per cent.