Apollo Hospitals is likely to be in limelight as the stock enters Nifty 50. It will be replacing IOC with effect from March 31.
Apollo Hospitals Enterprise Ltd will replace Indian Oil Corporation Ltd from National Stock Exchange's benchmark index Nifty 50 from March 31. The Index Maintenance Sub-Committee Equity (IMSC) of NSE Indices Limited has decided to make it a part of its periodic review, according to a press release on Thursday. Apart from Nifty 50, changes have been announced in several indices including Nifty Next 50. One 97 Communication, owner of Paytm; FSN E-Commerce Ventures, which runs online marketplace Nykaa, Zomato Ltd, Indian Oil Corporation Ltd, MindTree Ltd and SRF Ltd will find a place in Nifty Next 50. Apollo Hospitals Enterprise, Aurobindo Pharma, Hindustan Petroleum Corporation Ltd, Indraprastha Gas Ltd, Jindal Steel & Power Ltd and Yes Bank will be excluded from Nifty Next 50. These change will become effective from March 31 (close of March 30). Besides, NSE Indices has revised the eligibility criteria for inclusion of stocks in Nifty equity indices. The minimum listing history .
The Apollo Hospitals inked a pact with Marafon Group for setting up a first-of-its kind tertiary care hospital in Uzbekistan, the leading corporate hospital said on Thursday. The partnership with Apollo Hospitals will provide quality healthcare for over 60 million people of Uzbekistan and bordering regions of Kyrgyzstan, Kazakhstan and Tajikistan, the private healthcare services provider, which is expanding its presence to the Central Asian country, said. Uzbekistan is known for its mosques, mausoleums and other heritage sites. Announcing the partnership, Dr Prathap C Reddy, founder & chairman, Apollo Hospitals India, said the group hopes to touch a billion lives across the globe and also ensure the Apollo clinical excellence globally. "We take immense pride in joining hands with Marafon Group to provide tertiary care services to over 60 million people of Uzbekistan and its neighbouring countries thus improving access to quality healthcare," he said. "We stand strong together at .
'The third quarter saw us continue on the path to recovery in line with the revival in the overall economy,' Apollo Hospitals Group Chairman Prathap C Reddy noted
Under this programme, Apollo's doctors will be able to collaborate with top medical experts at Cleveland Clinic to review complex cases and devise the most suitable treatment plan
However, if IOC shares rally 10-15% from current levels over next few weeks and Apollo or Info Edge fall or remain unchanged, there could be a status quo
The Q2FY22 performance of AHEL was better than expected with a rise in the average revenue per occupied bed (ARPOB) and a lower average length of stay (ALOS)
Most analysts are positive but target prices indicate limited upside
Apollo Hospitals to acquire Excelcare for Rs 210 crore
The healthcare major on Friday reported an over fourfold jump in its consolidated net profit
Apollo Hospitals, in a statement, said, however, it is an "indicative list" and the "final list of co-morbidities eligible for free vaccination would be as per the list published by the government"
Apollo Hospitals said the Covid-19 pandemic highlighted the challenges faced by the country with regard to infrastructure to provide critical care to patients.
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
Expansion potential in digital platform, steady growth in traditional business and value unlocking in pharmacy segment are key positives
Apollo Hospitals treated over 1,50,000 Covid-19 patients with over 5,000 beds dedicated during the peak
A leading hospital group on Tuesday announced that it will conduct a pan-India Covid vaccination drive on June 30 spanning 50 cities, to boost the national inoculation exercise.
Apollo will merge its online and offline pharmacy businesses (excluding hospital pharmacies) and telemedicine verticals into a single entity called Apollo HealthCo
Will look at acquisitions after monetising a small stake
The shares of Shyam Metalics and Sona Comstar are slated to list on the bourses on Thursday. A strong debut is on the cards for Shyam Metalics while Sona Comstar is likely to witness a muted listing
Healthcare chain Apollo Hospitals Enterprise Ltd on Wednesday reported a consolidated net profit of Rs 169.89 crore for the fourth quarter ended March 31, 2021. The company, which posted a consolidated net profit of Rs 209.60 crore in the corresponding quarter of the previous fiscal, also announced a re-organisation with the formation Apollo HealthCo, with the aim of "creating India's largest omni-channel healthcare platform". Consolidated revenue from operations in the fourth quarter stood at Rs 2,867.95 crore in the quarter under review. It was Rs 2,922.43 crore in the year-ago period, Apollo Hospitals Enterprise Ltd (AHEL) said in a regulatory filing. For the fiscal ended March 31, 2021, the company said its consolidated net profit stood at Rs 136.77 crore. It was at Rs 431.80 crore in FY20. Consolidated revenue from operations for FY21 was at Rs 10,560.01 crore. It was at Rs 11,246.80 crore in FY20, the filing said. The company said the divestment of its front-end retail pharm