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 standalone net profit rises 65.14% in the December 2021 quarter
 ( Results - Announcements 11-Feb-22   16:30 )
  Apollo Hospitals arm incorporates WOS; to increase stake in AHL
 ( Hot Pursuit - 05-Sep-24   11:45 )
  Apollo Hospitals reports turnaround Q1 numbers
 ( Hot Pursuit - 14-Aug-21   14:59 )
  Apollo Hospitals Enterprise reschedules AGM date
 ( Corporate News - 03-Jun-23   12:55 )
  Apollo Hospitals Enterprise acquires 50% stake in Medics International Lifesciences
 ( Corporate News - 05-Jul-18   17:21 )
  Apollo Hospitals Enterprise consolidated net profit declines 23.48% in the March 2021 quarter
 ( Results - Announcements 24-Jun-21   07:50 )
  Apollo Hospitals Enterprise to hold AGM
 ( Corporate News - 22-Jul-21   12:04 )
  Apollo Hospitals
 ( Results - Analysis 30-May-14   20:22 )
  Apollo Hospitals Enterprise
 ( Results - Analysis 26-May-22   11:16 )
  Apollo Hospitals drops on reports of stake-sale by a foreign fund
 ( Hot Pursuit - 03-Mar-17   12:40 )
  Apollo Hospitals
 ( Analyst Meet / AGM - Conference Call 30-May-14   20:02 )
Other Stories
  Avantel Q2 PAT jumps 42% YoY to Rs 23 cr
  05-Oct-24   17:03
  Equitas SFB total deposits jump 29% YoY in Q2 FY25
  05-Oct-24   16:28
  Ujjivan SFB total deposits rises 17% in Q2 FY25
  05-Oct-24   15:34
  L&T Finance retail disbursements jump 12% YoY in Q2 FY25
  05-Oct-24   14:31
  Bandhan Bank records over 21% YoY jump in loan book during Q2 FY25; deposits at Rs 1.42 lakh crore
  05-Oct-24   13:32
  Lupin's Pune-based biotech facility gets 5 observations from US FDA
  05-Oct-24   13:20
  Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25
  05-Oct-24   09:04
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
Back Top