Sell Apollo Hospitals Enterprise, target Rs 1075: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Apollo Hospitals Enterprise Ltd. with a target price of Rs 1075. The current market price of Apollo Hospitals Enterprise Ltd. is Rs 1149.15. Time period given by the analyst is Intra Day when Apollo Hospitals Enterprise Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 1165.

Apollo Hospitals Enterprise Ltd., incorporated in 1979, is a largecap company with a market cap of Rs 15781.66 crore. Apollo Hospitals Enterprise Ltd. key Products/Revenue Segments include HealthCare Services which contributed Rs 3567.22 Crore to Sales Value (55.37 % of Total Sales) and Pharmaceuticals which contributed Rs 2874.55 Crore to Sales Value (44.62 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 1910.39 Crore, up 2.55 % from last quarter Sales of Rs 1862.92 Crore and up 13.41 % from last year same quarter Sales of Rs 1684.46 Crore Company has reported net profit after tax of Rs 60.16 Crore in latest quarter. The company’s top management includes Dr.Prathap C Reddy, Dr.T Rajgopal, Mr.B V R Mohan Reddy, Mr.Deepak Vaidya, Mr.G Venkatraman, Mr.N Vaghul, Mr.Sanjay Nayar, Mr.Vinayak Chatterjee, Mrs.Preetha Reddy, Mrs.Sangita Reddy, Mrs.Shobana Kamineni, Mrs.Suneeta Reddy. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-06-2018, the company has a total of 139,125,159 shares outstanding.