Apollo Hospitals soars 8% on heavy volumes; m-cap nears Rs 50,000 crore

Structurally, cost reduction drives, expanding of complex procedures and profitability of new hospitals and AHL remain key management focus areas, analysts said.

Shares of Apollo Hospitals Enterprises hit a fresh record high of Rs 3,464.95, surging 8 per cent on the BSE in intra-day trade on Friday, on the back of heavy volumes. The stock of the healthcare facilities company surpassed its previous high of Rs 3,432.90 touched on June 3, 2021.

At 01:51 pm, Apollo Hospitals was up 7 per cent at Rs 3,426, as compared to a 0.43 per cent gain in the S&P BSE Sensex. Trading volumes on the counter jumped over three-fold with a combined 3.04 million shares having changed hands on the NSE and BSE till