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Apollo Hospitals recovers on bargain hunting

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Capital Market

Apollo Hospitals Enterprise rose 2.14% to Rs 914.90 at 12:35 IST on BSE, with the stock recovering on bargain hunting after recent slide.

Meanwhile, the S&P BSE Sensex was up 147.36 points or 0.71% at 20,860.73.

On BSE, so far 18,000 shares were traded in the counter as against average daily volume of 14,359 shares in the past one quarter.

The stock hit a high of Rs 920 and a low of Rs 895.60 so far during the day. The stock had hit a record high of Rs 1,096.15 on 17 May 2013. The stock had hit a 52-week low of Rs 767.10 on 21 January 2013.

 

The stock had outperformed the market over the past one month till 9 January 2014, advancing 7.52% compared with the Sensex's 2.87% fall. The scrip had, however, underperformed the market in past one quarter, gaining 0.91% as against Sensex's 2.29% rise.

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

Shares of Apollo Hospitals Enterprise had declined 5.88% in four trading sessions to settle at Rs 895.75 on Thursday, 9 January 2014 from a recent high of Rs 951.75 on 3 January 2014.

Apollo Hospitals Enterprise's net profit rose 4.5% to Rs 87 crore on 16.6% growth in net sales to Rs 975.07 crore in Q2 September 2013 over Q2 September 2012.

Apollo Hospitals is one of Asia's largest healthcare groups with over 8,500 beds across 50 hospitals, and has significant presence at every touch-point of the medical value chain.

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First Published: Jan 10 2014 | 12:34 PM IST

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