Buy Apollo Hospitals Enterprise, target Rs 1210: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Apollo Hospitals Enterprise Ltd. with a target price of Rs 1210. The current market price of Apollo Hospitals Enterprise Ltd. is Rs 1187.85. Time period given by the analyst is Intra Day when Apollo Hospitals Enterprise Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1175. Apollo Hospitals Enterprise Ltd., incorporated in 1979, is a midcap company with a market cap of Rs 16525.98 crore.

Apollo Hospitals Enterprise Ltd. key Products/Revenue Segments include HealthCare Services which contributed Rs 3890.31 Crore to Sales Value (54.15 % of Total Sales), Pharmaceuticals which contributed Rs 3268.88 Crore to Sales Value (45.50 % of Total Sales) and Other Operating Revenue which contributed Rs 23.82 Crore to Sales Value (0.33 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 2169.04 Crore, up 3.78 % from last quarter Sales of Rs 2090.12 Crore and up 14.39 % from last year same quarter Sales of Rs 1896.14 Crore Company has reported net profit after tax of Rs 86.93 Crore in latest quarter. The company’s top management includes Dr.Murali Doraiswamy, Dr.Prathap C Reddy, Dr.T Rajgopal, Mr.G Venkatraman, Mr.M B N Rao, Mr.N Vaghul, Mr.Vinayak Chatterjee, Mrs.Preetha Reddy, Mrs.Sangita Reddy, Mrs.Shobana Kamineni, Mrs.Suneeta Reddy, Ms.V Kavitha Dutt. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-12-2018, the company has a total of 139,125,159 shares outstanding.