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Buy Apollo Hospitals, target price Rs 1,560: Shrikant Chouhan

Shrikant Chouhan recommended to keep a stop loss at Rs 1,450.

ETMarkets.com|
Updated: Oct 18, 2019, 10.05 AM IST
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Apollo Hospitals Enterprise key products/revenue segments include healthcare services which contributed Rs 4,422.67 crore to sales value.
Shrikant Chouhan of Kotak Securities has a buy call on Apollo Hospitals Enterprise with a target price of Rs 1560. The current market price of Apollo Hospitals Enterprise is Rs 1518.05. Shrikant Chouhan recommended to keep a stop loss at Rs 1,450.

Apollo Hospitals Enterprise, incorporated in the year 1979, is a large cap company (having a market cap of Rs 20,706 crore) operating in the hospitals & allied services sector.

Apollo Hospitals Enterprise key products/revenue segments include healthcare services which contributed Rs 4,422.67 crore to sales value (53.05 per cent of total sales), pharmaceuticals which contributed Rs 3,886.04 crore to sales value (46.61 per cent of total sales) and other operating revenue which contributed Rs 27.95 crore to sales value (0.33 per cent of total sales) for the year ending 31 March, 2019.

For the quarter ended 30-06-2019, the company has reported consolidated sales of Rs 2,571.89 crore, up 2.90 per cent from last quarter sales of Rs 2,499.50 crore and up 16.35 per cent from last year same quarter sales of Rs 2,210.47 crore. The company has reported a net profit after tax of Rs 58.55 crore in latest quarter. The company’s top management includes Murali Doraiswamy, Prathap C Reddy, T Rajgopal, M B N Rao, Vinayak Chatterjee, Preetha Reddy, Sangita Reddy, Shobana Kamineni, Suneeta Reddy and V Kavitha Dutt. The company has Deloitte Haskins & Sells LLP as its auditor. As on 30-06-2019, the company has a total of 139,125,159 shares outstanding.

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