Hot Pursuit     26-Apr-16
Apollo Hospitals slides on reports of foreign brokerage downgrade
Apollo Hospitals Enterprise fell 0.46% to Rs 1,318.50 at 11:02 IST on BSE on media reports that a foreign brokerage has cut its rating on the stock to neutral from buy.

Meanwhile, the S&P BSE Sensex was down 27.53 points or 0.11% at 25,651.40.

On BSE, so far 3,856 shares were traded in the counter as against average daily volume of 14,172 shares in the past one quarter. The stock was volatile. The stock lost as much as 1.4% at the day's low of Rs 1,306 so far during the day. The stock lost 0.11% at the day's high of Rs 1,323 so far during the day. The stock had hit a record high of Rs 1,544 on 2 March 2016. The stock had hit a 52-week low of Rs 1,131.80 on 30 April 2015. The stock had underperformed the market over the past one month till 25 April 2016, sliding 4.6% compared with Sensex's 1.35% rise. The scrip had also underperformed the market in past one quarter, declining 6.72% as against Sensex's 4.87% rise.

The large-cap company has equity capital of Rs 69.56 crore. Face value per share is Rs 5.

According to reports, the foreign brokerage stated that the current valuations of Apollo Hospitals Enterprise stock already captures the long-term growth prospects for the company.

Apollo Hospitals Enterprise's net profit rose 15% to Rs 109.23 crore on 16.7% growth in net sales to Rs 1380.52 crore in Q3 December 2015 over Q3 December 2014.

Apollo Hospitals is one of Asia's largest healthcare groups.

Previous News
  Apollo Hospitals Enterprise standalone net profit rises 40.01% in the December 2022 quarter
 ( Results - Announcements 15-Feb-23   07:38 )
  Apollo Hospitals Enterprise consolidated net profit declines 32.80% in the December 2022 quarter
 ( Results - Announcements 15-Feb-23   07:40 )
  Board of Apollo Hospitals Enterprise recommends final dividend
 ( Corporate News - 31-May-24   11:06 )
  Apollo Hospitals Enterprise reschedules AGM date
 ( Corporate News - 03-Jun-23   12:55 )
  Apollo Hospital drops after Advent deal
 ( Hot Pursuit - 29-Apr-24   14:56 )
  Apollo Hospitals Q4 PAT soars 76% YoY; declares dividend of Rs 10/share
 ( Hot Pursuit - 31-May-24   10:37 )
  Apollo Hospitals Q2 PAT slips 18% YoY to rs 204 cr
 ( Hot Pursuit - 11-Nov-22   11:14 )
  Apollo Hospitals Enterprise consolidated net profit rises 41.56% in the December 2020 quarter
 ( Results - Announcements 12-Feb-21   17:51 )
  Apollo Hospitals Enterprise consolidated net profit declines 23.48% in the March 2021 quarter
 ( Results - Announcements 24-Jun-21   07:50 )
  Apollo Hospitals Enterprise consolidated net profit rises 68.53% in the June 2019 quarter
 ( Results - Announcements 14-Aug-19   11:07 )
  Apollo Hospitals board OKs 105-cr NCD issue
 ( Hot Pursuit - 01-Dec-22   09:48 )
Other Stories
  KRN Heat Exchanger makes stellar debut
  03-Oct-24   10:31
  Maruti Suzuki total sales rises to 1,84,727 units in Sep’24
  03-Oct-24   10:12
  Metal shares gain
  03-Oct-24   10:00
  Basic materials shares gain
  03-Oct-24   10:00
  Telecom shares rise
  03-Oct-24   10:00
  JSW Steel Ltd Spikes 1.87%
  03-Oct-24   09:30
  Eicher Motors Ltd Falls 3.14%, BSE Auto index Drops 2.14%
  03-Oct-24   09:30
  Adani Ports records 14% YoY growth in Sept'24 cargo volumes
  03-Oct-24   09:29
  NMDC iron ore production rises YoY to 3.04 MT in Sept'24
  03-Oct-24   08:38
  Tata Motors total sales drop 11% YoY in Sept’24
  01-Oct-24   15:33
Back Top