IIFL Securities's Stock Idea: Buy Apollo Hospitals Enter. L with Target Rs 7500
IIFL Securities has recommended a buy call on Apollo Hospitals Enterprise Ltd. (Apollo Hospitals) with a target price of Rs 7500, implying an upside potential of around 1.96% from the current market price of Rs 7354.85 as of December 20. The brokerage firm believes that the company's strong fundamentals, expansion plans, and focus on quality healthcare services position it well for long-term growth. The company has been investing in expanding its presence and upgrading its facilities to meet growing demand for healthcare services.
About Apollo Hospitals Enter. L:
Apollo Hospitals Enterprise Limited (NSE: APOLLOHOSP) is a leading healthcare provider in India, offering comprehensive medical services across the country. With over 12,000 beds and 71 hospitals, Apollo Hospitals provides a wide range of specialties, including cardiology, oncology, orthopedics, and neurosciences. The company also operates over 1,500 pharmacies and 200 diagnostic centers. Apollo Hospitals has a dedicated team of over 15,000 doctors, nurses, and other healthcare professionals who provide quality care to patients. The company is committed to providing affordable healthcare and regularly organizes community health initiatives and outreach programs.
52 Week Price Trend:
Apollo Hospitals Enterprise Limited (NSE: APOLLOHOSP) is currently trading at Rs 7354.85. This is within the range of its 52-week high price of Rs 7545.1 and its 52-week low price of Rs 5284.85. The stock has been trending upwards in recent months and is currently trading near its 52-week high. Investors should monitor the stock's performance and consider their investment strategy accordingly.
Stratzy's MOST Analysis:
APOLOHOSP has received an AAA rating from Stratzy's MOST framework, indicating a low fundamental risk. This rating is based on an assessment of the company's management, outlook, safety, and trend. The AAA rating suggests that APOLLOHOSP has strong management, a positive outlook, a high level of safety, and a favorable trend. This indicates that the company is well-positioned for long-term success and is a low-risk investment.
Company's Fundamentals:
Apollo Hospitals Enterprise Ltd. (NSE: APOLLOHOSP) is a leading healthcare provider in India. Its stock metrics provide insights into its financial performance and attractiveness to investors. The Stock PE ratio of 87.96 indicates that the market values the stock at 87.96 times its earnings per share. The PB Ratio of 13.87 suggests that the market is willing to pay 13.87 times the company's book value per share. The Dividend Yield of 0.22% implies that investors receive a 0.22% annual return on their investment in the form of dividends. These metrics provide a snapshot of the company's valuation, profitability, and dividend distribution policy, aiding investors in making informed investment decisions.
Fundamental and Technical information provided in this blog were last updated on 20 Dec, 2024
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