Hospital stocks in demand; Apollo, Fortis, Max Healthcare hit new highs

In the past one week, Apollo Hospitals Enterprises, Fortis Healthcare and Max Healthcare have surged between 12 per cent and 15 per cent as compared to a 2 per cent rise in the S&P BSE Sensex

Shares of the companies engaged in healthcare services or hospital business were in demand on Tuesday with Apollo Hospitals Enterprises, Fortis Healthcare and Max Healthcare hitting their respective new record highs on the BSE in intra-day trade. In the past one week, these stocks have outperformed the market by surging between 12 per cent and 15 per cent as compared to a 2 per cent rise in the S&P BSE Sensex on the back of a robust performance in the June quarter (Q1FY22).

Among individual stocks, Apollo Hospitals Enterprises hit a new high of Rs 4,612, up 6 per