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Apollo Hospitals gains on bargain hunting

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Apollo Hospitals Enterprise advanced 4.25% to Rs 1,087 at 14:15 IST on BSE, with the stock gaining on bargain hunting after recent decline.

Meanwhile, the S&P BSE Sensex was down 29.57 points or 0.11% at 26,438.79

On BSE, so far 9,495 shares were traded in the counter as against average daily volume of 16,192 shares in the past one quarter.

The stock hit a high of Rs 1,094 and a low of Rs 1,045 so far during the day. The stock had hit a record high of Rs 1,219.55 on 27 August 2014. The stock had hit a 52-week low of Rs 817 on 19 December 2013.

 

The stock had underperformed the market over the past one month till 25 September 2014, falling 10.03% compared with 0.12% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 8.24% as against Sensex's 4.56% rise.

The large-cap company has equity capital of Rs 69.56 crore. Face value per share is Rs 5.

Shares of Apollo Hospitals Enterprise had declined 9.55% in four trading days to Rs 1,043.10 on 25 September 2014 from a recent high of Rs 1153.35 on 19 September 2014.

Apollo Hospitals Enterprise's net profit rose 4.8% to Rs 82.74 crore on 17.7% growth in net sales to Rs 1053.72 crore in Q1 June 2014 over Q1 June 2013.

Apollo Hospitals is one of Asia's largest healthcare groups.

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First Published: Sep 26 2014 | 2:23 PM IST

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