Buy Apollo Hospitals Enter. L: IIFL Securities's Target Price Rs 6970
IIFL Securities has recommended buying Apollo Hospitals Enterprises Ltd. (Apollo Hospitals) stock with a target price of Rs. 6970, indicating a potential upside of around 1.8% from the current market price of Rs. 6844.45. The brokerage firm's bullish view is likely based on the company's strong financial performance, expansion plans, and focus on digital healthcare. Apollo Hospitals is a leading healthcare provider in India with a wide network of hospitals and clinics. It has been consistently reporting strong revenue growth and profitability. The company is also expanding its presence through acquisitions and new hospital projects. Additionally, Apollo Hospitals has been investing in digital health initiatives, which are expected to drive future growth.
About Apollo Hospitals Enter. L:
Apollo Hospitals Enterprise Limited (NSE: APOLLOHOSP) is India's largest healthcare provider. It operates 71 hospitals, nearly 4,900 pharmacies, over 2,300 diagnostic centres and clinics, and 15 telemedicine units across India, with an aggregated bed capacity of approximately 10,900 beds. The company offers a wide range of healthcare services including primary care, secondary care, tertiary care, quaternary care, emergency services, and wellness. Apollo Hospitals is also involved in research and development, and has several collaborations with international healthcare institutions.
52 Week Price Trend:
Apollo Hospitals Enterprise Ltd. (NSE: APOLLOHOSP), a leading healthcare provider in India, currently trades at Rs 6844.45. Its 52-week high price stands at Rs 6874.45, a moderate difference from its current market price. The 52-week low price, Rs 4168, indicates a significant appreciation in stock value over the past year. This upward trend suggests investor confidence in the company's growth prospects and strong financial performance.
Stratzy's MOST Analysis:
APOLOHOSP has received an impressive rating of AAA from Stratzy's MOST framework, a comprehensive risk assessment tool. This AAA rating signifies that APOLLOHOSP exhibits strong fundamentals across four key pillars: Management, Outlook, Safety, and Trend. The company's sound management practices, positive growth prospects, financial stability, and favorable technical analysis indicate a low level of fundamental risk. This AAA rating assures investors of APOLLOHOSP's financial strength and long-term potential.
Company's Fundamentals:
Apollo Hospitals Enterprise (NSE:APOLLOHOSP) is a healthcare provider listed on the National Stock Exchange of India (NSE). As of today, the company's stock has a Price-to-Earnings (PE) ratio of 120.12, indicating its current market value relative to its earnings per share. The Price-to-Book (PB) ratio of 14.55 suggests that the company's market capitalization is 14.55 times its book value, providing insights into its asset valuation. Additionally, Apollo Hospitals Enterprise has a Dividend Yield of 0.23%, indicating the annualized dividend payout as a percentage of its current share price, providing investors with income-generating potential.
Fundamental and Technical information provided in this blog were last updated on 22 Aug, 2024
Disclaimer: The information and recommendations presented in this section, including any attached reports, are sourced from third-party providers through diverse channels. The views and opinions expressed within these materials belong solely to their respective creators. These views and opinions do not necessarily reflect the position of Stratzy Fintech Pvt Ltd. Stratzy explicitly disclaims any guarantees, express or implied, regarding the accuracy and reliability of the provided content. We strongly advise consulting with a licensed financial advisor before making any investment decisions based on this information. Remember, seeking independent financial advice is crucial.