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

IIFL Securities recommends buying Apollo Hospitals Enterprise Limited (Apollo Hospitals) at the current market price of Rs 7518.75, with a target price of Rs 8350. This represents a potential upside of approximately 11%. The brokerage firm believes that Apollo Hospitals is well-positioned to benefit from the growing healthcare industry in India, driven by factors such as rising incomes, increasing health awareness, and government initiatives. The company's strong brand recognition, extensive network of hospitals, and focus on innovation are seen as key strengths.

About Apollo Hospitals Enter. L:

Apollo Hospitals Enterprise Limited (NSE: APOLLOHOSP) is a leading Indian healthcare services provider. The company's core business is the operation of hospitals, clinics, and pharmacies. Apollo Hospitals has a network of over 70 hospitals, 3,600 pharmacies, and 100 primary care and diagnostic clinics across India and other countries. The company also provides telemedicine services and online health insurance products. Apollo Hospitals is a part of the Apollo Tyres Group, India's leading tyre manufacturer.

52 Week Price Trend:

Apollo Hospitals Enterprise (NSE:APOLLOHOSP) is currently trading at Rs 7518.75, significantly above its 52-week low of Rs 4168. The stock has gained substantial value since then, indicating a strong market sentiment. However, it is still below its 52-week high of Rs 6874.45, suggesting that there may be potential for further growth. Investors considering Apollo Hospitals may want to monitor market trends and analyze the company's financial performance before making any investment decisions.

Stratzy's MOST Analysis:

APOLOHOSP has been rated AAA by Stratzy's MOST Framework, which indicates low fundamental risks. This rating is based on a thorough evaluation of the company's management, outlook, safety, and trend. AAA rating suggests that the company has a strong management team, a positive outlook for future growth, a high level of safety and stability, and a favorable industry trend. This overall rating of AAA implies that the company is considered to be a low-risk investment with strong fundamentals and a high potential for long-term success.

Company's Fundamentals:

Apollo Hospitals Enterprise (NSE:APOLLOHOSP) has a stock PE of 120.12, a PB Ratio of 14.55, and a Dividend Yield of 0.23%. The stock PE is a measure of the company's valuation compared to its earnings, and a higher value indicates that investors are willing to pay more for each rupee of earnings. The PB Ratio is a measure of the company's valuation compared to its book value, and a higher value indicates that investors are willing to pay more for each rupee of assets. The Dividend Yield is a measure of the company's payout of dividends to shareholders, and a higher value indicates a greater return on investment.

Fundamental and Technical information provided in this blog were last updated on 08 Nov, 2024

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