Apollo Hospitals Enterprises has rallied 5% to Rs 856, extending its past two days 7% gain, on reports of the country’s leading hospital chain is planning expansion plan of Rs 2,000 crore.
“Apollo Hospitals Enterprises is currently in the process of adding around 1500 beds with an outlay of around Rs 2,000 crore and its gearing up for the next round. The company is planning to invest around Rs 2,000 crore to add 2500 beds between 2013 and 2015,” the Business Standard report suggests.
Meanwhile, CNBC-TV18 report suggests that the Apollo Hospitals is looking to form a joint venture with retailers like Walmart for its pharmacy business.
The stock opened at Rs 834 and hit a record high of Rs 862 on the NSE. A combined 137,134 shares have changed hands on the counter in morning deals on both the exchanges.