Buy Apollo Hospitals Enter. L, target price Rs 6900: IIFL Securities

IIFL Securities issued a buy recommendation for Apollo Hospitals Enterprise Ltd. (APL Hospitals) on August 14, with a target price of Rs 6,900. At the time of the recommendation, the current market price of Apollo Hospitals was Rs 6,766.75. This indicates that IIFL Securities expects the stock to appreciate by approximately 2.1% from its current market price.

About Apollo Hospitals Enter. L:

Apollo Hospitals Enterprise Limited (NSE: APOLLOHOSP) is a leading Indian healthcare provider headquartered in Chennai, Tamil Nadu. Established in 1983, Apollo Hospitals operates over 72 hospitals and 3,750 beds across India and overseas, including facilities in Bangladesh, Cambodia, Oman, Qatar, and the United States. The company offers a comprehensive range of medical and surgical services, including oncology, cardiology, neurosurgery, orthopedics, and organ transplantation. Apollo Hospitals also operates a chain of primary and secondary healthcare clinics under the Apollo Clinic brand. With a market capitalization of over $1 billion, Apollo Hospitals is one of the largest healthcare companies listed on the National Stock Exchange of India (NSE).

52 Week Price Trend:

Apollo Hospitals Enterprise Limited (NSE: APOLLOHOSP) currently trades at Rs 6766.75, within a range of Rs 4168 to Rs 6874.45 over the past 52 weeks. This places the stock in a moderately overvalued position, with its price approaching the upper end of its recent trading range. Investors considering Apollo Hospitals should carefully weigh the company's financial performance, growth prospects, and industry dynamics before making an investment decision. Monitoring the stock's price movements and the broader market conditions is crucial in assessing its potential for future gains or losses.

Stratzy's MOST Analysis:

Stratzy's MOST framework has awarded APOLLOHOSP the highest rating of "AAA". This indicates that the company has strong management, a positive outlook, a high level of safety, and a favorable trend. Stratzy's analysts have assessed each of these factors and believe that APOLLOHOSP has a low fundamental risk. This rating suggests that APOLLOHOSP is a financially sound and well-managed company with a strong track record and a promising future.

Company's Fundamentals:

Apollo Hospitals Enterprise Ltd. (APOLLOHOSP) is a publicly traded company listed on the National Stock Exchange (NSE) of India. Some key financial ratios for the company include: * Stock PE: 120.12 - This indicates that the price-to-earnings ratio, which measures the price of the stock relative to the company's earnings per share, is 120.12 times. * PB Ratio: 14.55 - The price-to-book ratio, which measures the price of the stock relative to the company's book value per share, is 14.55 times. * Dividend Yield: 0.23% - This represents the annual dividend paid out as a percentage of the current stock price, indicating a yield of 0.23%.

Fundamental and Technical information provided in this blog were last updated on 14 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.