IIFL Securities Stock Idea: Buy Apollo Hospitals Enter. L with Target Rs 6575
IIFL Securities is bullish on Apollo Hospitals Enterprise Ltd (NSE: APOLLOHOSP) and has given a buy call on the stock with a target price of Rs 6575, an upside potential of around 1.36% from the current market price of Rs 6487.75. The brokerage firm believes that the company's strong presence in the healthcare sector, coupled with its expansion plans and focus on digital healthcare, position it well for long-term growth.
About Apollo Hospitals Enter. L:
Apollo Hospitals Enterprise Limited (NSE: APOLLOHOSP) is a leading Indian healthcare services provider with a presence across 13 countries. The company offers a comprehensive range of healthcare services including primary care, hospitals, and pharmacies. Apollo Hospitals has a network of over 12,000 beds and serves over 15 million patients annually. The company is committed to providing high-quality healthcare services at affordable prices and has been recognized for its excellence in patient care and innovation. Apollo Hospitals is listed on the National Stock Exchange of India (NSE) and is a constituent of the Nifty 50 index.
52 Week Price Trend:
Apollo Hospitals Enterprise Limited (NSE: APOLLOHOSP) is a leading healthcare provider in India. At its current market price of Rs 6487.75, it is trading below its 52-week high of Rs 6874.45 but above its 52-week low of Rs 4168. This indicates that the stock has performed moderately well over the past year. The company's strong financial performance, including revenue growth and profitability, has contributed to its positive market sentiment. However, factors such as competition, regulatory changes, and economic headwinds could impact its future performance.
Stratzy's MOST Analysis:
APLLOHOSP has received a AAA rating under Stratzy's MOST framework, indicating low fundamental risks. This high rating reflects the company's strong management team, positive outlook, safety measures, and favorable trend. The framework evaluates stocks based on these four pillars, with a collective score determining the overall rating. APOLLOHOSP's AAA rating demonstrates its stability and potential for long-term growth.
Company's Fundamentals:
Apollo Hospitals Enterprise Ltd. (NSE: APOLLOHOSP) currently trades with a Price to Earnings (PE) ratio of 120.12, indicating that investors are willing to pay 120.12 times the company's earnings per share. Its Price to Book (PB) ratio of 14.55 signifies that the market value of the company is 14.55 times its book value, suggesting that it is trading at a premium. Despite the high PE ratio, Apollo Hospitals offers a modest dividend yield of 0.23%, which may appeal to income-oriented investors. These metrics provide insights into Apollo Hospitals' valuation and dividend strategy and can help investors make informed investment decisions.
Fundamental and Technical information provided in this blog were last updated on 09 Apr, 2024
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