Top Stocks Today : IIFL Securities has Buy call on Apollo Hospitals Enter. L

IIFL Securities issued a buy call for Apollo Hospitals Enterprise Ltd (Apollo Hospitals) on December 11, assigning a target price of Rs 7480 per share. This recommendation is based on the company's strong fundamentals and growth prospects. Apollo Hospitals, currently trading at Rs 7319.15, operates a network of hospitals, clinics, and diagnostic centers across the country. It provides a comprehensive range of healthcare services, including cardiology, nephrology, oncology, and orthopedics. The company's financial performance has been solid, with revenue and profit growth in recent quarters. IIFL Securities believes that Apollo Hospitals is well-positioned to continue its growth trajectory, driven by increasing demand for healthcare services, expansion of its operations, and technological advancements.

About Apollo Hospitals Enter. L:

Apollo Hospitals Enterprise Limited (NSE: APOLLOHOSP) is a leading private healthcare provider in Asia. Founded in 1983, the company operates over 50 hospitals, 2,600 pharmacies, and 90 primary care and diagnostic centers across India and nine other countries. Apollo Hospitals offers a comprehensive range of healthcare services, including cardiovascular surgery, oncology, neurosurgery, orthopedics, gastroenterology, and nephrology. Recognized for its clinical excellence and patient-centric approach, the company has received numerous awards and accreditations, including the JCI (Joint Commission International) certification for its hospitals in India.

52 Week Price Trend:

Apollo Hospitals Enterprise (NSE:APOLLOHOSP) is currently trading at Rs 7319.15, close to its 52-week high of Rs 7545.1. The stock has witnessed a significant growth in the past year, showcasing resilience amid market fluctuations. Its 52-week low of Rs 5284.85 indicates the potential for further upside movement. Investors may consider the company's strong fundamentals, including a robust network of hospitals, a focus on innovation, and a commitment to patient care, while monitoring market conditions and the overall healthcare landscape.

Stratzy's MOST Analysis:

APLLOHOSP's exceptional AAA rating from Stratzy's MOST framework signifies its robust fundamentals across various aspects. The framework evaluates Management, Outlook, Safety and Trend. APOLLOHOSP has demonstrated strong management practices, a positive industry outlook, a stable financial position, and a favorable market trend. This comprehensive assessment indicates that the company poses low fundamental risks to investors, making it an attractive investment opportunity.

Company's Fundamentals:

Apollo Hospitals Enterprise Limited (APOLLOHOSP) is a leading healthcare provider in India, listed on the National Stock Exchange (NSE) of India. The company's key financial indicators include a Price-to-Earnings (PE) ratio of 87.91, indicating that investors are willing to pay a premium for each rupee of earnings. The Price-to-Book (PB) ratio of 13.87 suggests that the stock is currently trading at a significant premium to its book value, indicating investor optimism. The Dividend Yield of 0.22% implies that investors receive a relatively low return in the form of dividends. These metrics provide insights into the company's valuation, profitability, and dividend distribution policy, helping investors make informed decisions.

Fundamental and Technical information provided in this blog were last updated on 11 Dec, 2024

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