Apollo Hospitals Enterprise Ltd

NSE :APOLLOHOSP   BSE :508869  Sector : Healthcare

About Company: Apollo Hospitals was established in 1983 by Dr. Prathap C Reddy, renowned architect of modern healthcare in India. As the nation’s first corporate hospital, Apollo Hospitals is acclaimed for pioneering the private healthcare revolution in the country. Apollo Hospitals has emerged as Asia’s foremost integrated healthcare services provider and has a robust presence across the healthcare ecosystem, including Hospitals, Pharmacies,
Primary Care & Diagnostic Clinics and several Retail Health models.

News in Apollo Hospital: The Q2FY22 performance of AHEL was better-than-expected with a rise in the average revenue per occupied bed (ARPOB) and a lower average length of stay (ALOS). The company also acquired a 65 per cent stake in the 180-bed Excel care Hospital in Guwahati at an enterprise value of Rs 210 crore, and is seeking to acquire a 300-bed facility in Mumbai in the next few years and 300 more beds in Bengaluru by acquisition in the next two years.

Daily Chart of Apollo Hospital:

Technical Outlook Of Apollo Hospital:

On Wednesday 17th Nov 2021, Apollo Hospital share prices rose by 637.10 per share. Stock hits fresh all time high of 5844.40 and closed at 5733.95 on NSE. Stock took breakout out with huge volumes, today 6.482 million shares were traded on NSE. EquityPandit Research had already predicted about Apollo Hospital price rise on 15th Nov 2021 article which can be Read Here. As we mentioned 5600 targets will be achieved in few trading sessions and same has happened in just 2 trading sessions.

From here stock may consolidate for few trading sessions (10-15 trading sessions) and stock can rally further towards 6000. Till stock is trading above 5150, Do not try to short sell stock and follow strategy to accumulate stock on every correction.

Read Research Report on Maruti: In Last 2 trading session Maruti share prices rallied more then 10% and achieved our Final Targets of 7920, We already mentioned in research report posted on 27th Sept 2021 and same has happened.