Buy Apollo Hospitals Enterprise, target price Rs 2715: Motilal Oswal

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Buy Apollo Hospitals Enterprise, target price Rs 2715:  Motilal Oswal


Motilal Oswal has buy call on Apollo Hospitals Enterprise Ltd. with a target price of Rs 2715. The current market price of Apollo Hospitals Enterprise Ltd. is Rs 2570.7.

Apollo Hospitals Enterprise Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 36066.11 Crore) operating in Hospitals & Allied Services sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2760.72 Crore, up 27.13 % from last quarter Sales of Rs 2171.50 Crore and down -2.82 % from last year same quarter Sales of Rs 2840.74 Crore Company has reported net profit after tax of Rs 68.25 Crore in latest quarter.

Investment Rationale
Given a consolidation breakout with its highest ever close along with entry in life time high territory.


Promoter/FII Holdings
Promoters held 30.81 per cent stake in the company as of March 31, 2020, while FIIs held 46.92 per cent, DIIs 15.02 per cent and public & others 7.25 per cent.





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