Apollo Hospitals Enterprise Ltd up by 12.51%: Market Update By Espresso

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Espresso shot of the day – Apollo Hospitals Enterprise Ltd up by 12.51 percent

February 15, 2021
Espresso shot of the day – Apollo Hospitals Enterprise Ltd up by 12.51 percent

APOLLO HOSPITALS ENTERPRISE LTD 3091.00 (+12.51 %)  BSE – INE437A01024| 15th FEB 2021

Apollo Hospitals Enterprise Limited was established in 1983 by Dr. Prathap C Reddy, renowned as the architect of modern healthcare in India. As the nation’s first corporate hospital, Apollo Hospitals Enterprise Limited is acclaimed for pioneering the private healthcare revolution in the country. Apollo Hospitals Enterprise Limited 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. The Group also has Telemedicine facilities across several countries, Health Insurance Services, Global Projects Consultancy, Medical Colleges, Medvarsity for E-Learning, Colleges of Nursing and Hospital Management and a Research Foundation. In addition, ‘ASK Apollo’ - an online consultation portal and Apollo Home Health provide the care continuum.

Recent Drivers

  • Apollo Hospitals Enterprise Limited reported 49.14 % rise in consolidated net profit at Rs 134.16 crores for the quarter ended December 31, 2020.
  • Apollo Hospitals Enterprise Limited said in a regulatory filing Revenue from operations stood at Rs 2,759.84 crores in the quarter under review. It was Rs 2,911.74 crores a year ago.
  • On February 4th, Apollo Hospitals Enterprise Limited organised hand print campaign for cancer awareness in Chennai.
  • The Board of Apollo Hospitals Enterprise Limited approved the scheme of Amalgamation of its wholly owned subsidiaries – Apollo Home Healthcare (India) Ltd. And Western Hospitals Corporation Pvt. Ltd. – with itself.
  • In the meeting held on 23 January 2021, Fund Raising Committee approved allotment of 46,59,498 Equity Shares of face value 5 each to eligible qualified institutional buyers at the issue price of 2,511 per Equity Share.
  • In Tamil Nadu, Apollo Hospitals Enterprise Limited and MGM Healthcare were the two private vaccination centres chosen.
 ( Sources: The Economic Times, The Hindu, Business Standard )

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 11.69%
  • Traded on new 52- week high value 3125
  • Spurt in volume by more than 5.74 times compares to previous vol. 3 months avg qty - 1323044
  • Stock price has jumped more than 100% from one year low level – 1047.05, 31st March 2020
  • Daily RSI (14) is in overbought territory today RSI central line crossed 32 periods ago
  • 52- week high -3125|  52- week low- 2761.05

 Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

4410.60

3465.20

2938.25

1992.85

1465.90

520.50

-

-

Fibonacci Pivot

3465.20

2902.76

2555.29

2331.49

1992.85

1654.21

1430.41

1082.94

520.50


Today’s Close

3091.00

SMA

BSE

10 DAY

2776.63

20 DAY

2700.53

50 DAY

2542.40

200 DAY

1932.11


Some Key Ratios (Source: BSE)

Market Cap: 44443.84 crores

PE: 195.78

OPM%: 10.44

ROE%: 5.10

Prev. Close: 2747.35

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.