Apollo Hospitals Enter. L's target Rs 6520: IIFL Securities's Top Stock to Buy Today

IIFL Securities has issued a buy call on Apollo Hospitals Enterprises Limited (Apollo Hospitals) with a target price of Rs 6520, indicating a potential upside of approximately 2.1%. The current market price of Apollo Hospitals is Rs 6385.25. The brokerage firm believes that the company's focus on healthcare delivery, expansion plans, and strong financial performance support its positive outlook. Investors may consider buying Apollo Hospitals stock for potential capital appreciation, subject to market conditions and individual investment goals.

About Apollo Hospitals Enter. L:

Apollo Hospitals Enterprise Limited (NSE: APOLLOHOSP) is a leading healthcare provider in India. Established in 1983, the company operates a network of over 70 hospitals, 1,200 pharmacies, and 300 diagnostic centers across the country. Apollo Hospitals offers a wide range of medical services, including cardiology, neurology, oncology, orthopedics, and pediatrics. The company also provides telemedicine services and has a strong presence in the health insurance sector. Apollo Hospitals has a market capitalization of over Rs. 30,000 crores (US$ 4 billion) and is a constituent of the Nifty 50 index.

52 Week Price Trend:

Apollo Hospitals (APOLLOHOSP) is currently trading at Rs 6385.25, within a 52-week range of Rs 6874.45 (high) and Rs 4168 (low). The stock has been on a steady uptrend since its 52-week low, but has faced resistance at the Rs 6874.45 level. A breakout above this resistance level could potentially lead to further upside movement, while a pullback below the Rs 6385.25 support level could indicate a potential reversal in the upward trend.

Stratzy's MOST Analysis:

APOLLOHOSP has received an impressive AAA rating from Stratzy's MOST framework, which evaluates Management, Outlook, Safety, and Trend. This high score indicates that the company possesses strong fundamentals with minimal fundamental risks. The framework's comprehensive analysis suggests that APOLLOHOSP exhibits sound management practices, a positive outlook, a safe financial position, and a favorable market trend. As a result, investors can have a high degree of confidence in the company's long-term growth and stability.

Company's Fundamentals:

Apollo Hospitals Enter. L (NSE:APOLLOHOSP) is a publicly traded company on the National Stock Exchange of India (NSE). Its stock performance is characterized by a high Price-to-Earnings (PE) ratio of 120.12, indicating that investors are willing to pay a premium for its earnings potential. The company's Price-to-Book (PB) ratio of 14.55 suggests that its current market value is significantly higher than its book value, which may indicate expectations of future growth or undervalued assets. Despite its high估值，阿波罗医院的股息收益率仅为 0.23%，表明公司将大部分利润再投资于其业务，而不是分配给股东。

Fundamental and Technical information provided in this blog were last updated on 10 Jul, 2024

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