Hot Pursuit     03-Mar-17
Apollo Hospitals drops on reports of stake-sale by a foreign fund
Apollo Hospitals Enterprise lost 4.35% to Rs 1,258.70 at 12:49 IST on BSE, with heavy volumes accompanying the stock's slide on reports of stake sale by a Malaysian sovereign fund.

Meanwhile, the S&P BSE Sensex was down 85 points or 0.29% at 28,754.79.

On the BSE, 6.10 lakh shares were traded on the counter so far as against the average daily volumes of 9,335 shares in the past one quarter. The stock had hit a high of Rs 1,288 and a low of Rs 1,246 so far during the day.

The stock had hit a record high of Rs 1,544 on 2 March 2016 and a 52-week low of Rs 1,110.75 on 26 December 2016. It had outperformed the market over the past one month till 2 March 2017, gaining 6.88% compared with the Sensex's 2.17% rise. The scrip had, however, underperformed the market over the past one quarter, advancing 9.65% as against the Sensex's 9.95% rise.

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

Media reports suggested that Khazanah Berhad's subsidiary Integrated (Mauritius) Healthcare Holdings offloaded shares of Apollo Hospitals Enterprise through block deals on the stock exchanges today, 3 March 2017. Integrated (Mauritius) Healthcare Holdings owned 10.85% stake in Apollo Hospitals Enterprise end December 2016.

Apollo Hospitals' net profit fell 40.5% to Rs 72.83 crore on 17.9% growth in net sales to Rs 1680.61 crore in Q3 December 2016 over Q3 December 2015.

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

Previous News
  Apollo Hospitals Enterprise consolidated net profit rises 14.17% in the September 2023 quarter
 ( Results - Announcements 09-Nov-23   15:34 )
  Apollo Hospitals Enterprise consolidated net profit declines 32.80% in the December 2022 quarter
 ( Results - Announcements 15-Feb-23   07:40 )
  Apollo Hospitals Enterprise standalone net profit rises 40.01% in the December 2022 quarter
 ( Results - Announcements 15-Feb-23   07:38 )
  Apollo Hospitals Enterprise allots NCDs aggregating Rs 105 cr
 ( Corporate News - 14-Dec-22   12:45 )
  Apollo Hospitals Enterprise to declare Quarterly Result
 ( Corporate News - 29-May-20   09:32 )
  Apollo Hospitals Enterprise standalone net profit declines 51.21% in the June 2017 quarter
 ( Results - Announcements 14-Aug-17   17:36 )
  Apollo Hospitals rallies as Q2 PAT rises 14% YoY to Rs 233 cr
 ( Hot Pursuit - 09-Nov-23   15:26 )
  Board of Apollo Hospitals Enterprise recommends final dividend
 ( Corporate News - 01-Jun-19   10:05 )
  Apollo Hospitals Enterprise acquires 250-bed hospital in Pune
 ( Corporate News - 09-Nov-23   15:33 )
  Board of Apollo Hospitals Enterprise approves expansion plan of Rs 3435 cr
 ( Corporate News - 09-Nov-23   15:29 )
  Apollo Hospitals Enterprise consolidated net profit declines 46.30% in the March 2022 quarter
 ( Results - Announcements 26-May-22   08:09 )
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