Sell Apollo Hospitals Enterprise, target Rs 1,410: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on Apollo Hospitals Enterprise Ltd. with a target price of Rs 1410.0 . The current market price of Apollo Hospitals Enterprise Ltd. is Rs 1440.2. Time period given by the analyst is Intra Day when Apollo Hospitals Enterprise Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 1450. Apollo Hospitals Enterprise Ltd., incorporated in 1979, has a market cap of Rs 20036.81 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 30-06-2019, the company has reported a Consolidated sales of Rs 2571.89 Crore, up 2.90 % from last quarter Sales of Rs 2499.50 Crore and up 16.35 % from last year same quarter Sales of Rs 2210.47 Crore Company has reported net profit after tax of Rs 58.55 Crore in latest quarter. The company’s top management includes Dr.Murali Doraiswamy, Dr.Prathap C Reddy, Dr.T Rajgopal, Mr.M B N Rao, 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 30-06-2019, the company has a total of 139,125,159 shares outstanding.