Should you buy, sell or hold Apollo Hospitals shares? Check out share price target
Apollo Hospitals share price: Shares of Apollo Hospitals Enterprise Limited, part of the Nifty Healthcare index, gained on Monday, June 3 after global brokerages revised their targets on the healthcare provider stock.
Apollo Hospitals share price target, Apollo Hospitals share price: Shares of Apollo Hospitals Enterprise Limited, part of the Nifty Healthcare index, gained on Monday, June 3 after global brokerages revised their targets on the healthcare provider stock. Halting the six-day declining trend, the hospital stock rose over three per cent to the day's high of Rs 6,018.15 on NSE in morning deals. The counter closed at Rs 5,862, up 0.39 per cent on NSE.
Apollo Hospitals share price target: Buy, sell or hold? Here's what brokerages suggest
CLSA has upgraded Apollo Hospitals to buy from outperform rating. The brokerage has raised the target to Rs 7,150 from Rs 7,000. "Targeting 15 per cent revenue growth in hospitals driven by volume growth. Guided EBITDA margin of 25 per cent by year-end FY25 for its hospital segment," the brokerage said in its note. The brokerage expects Apollo 24/7 to break even in the next 6-8 quarters.
JP Morgan has maintained an overweight rating with a reduced target of Rs 6,800 apiece from Rs 7,100 apiece.
Jefferies and HSBC have retained a buy call each. Jefferies has cut its target by Rs 300 apiece to Rs 7200 per share, meanwhile, HSBC has trimmed the target to Rs 7,160 apiece from Rs 7,475 apiece earlier.
Apollo Hospitals Q4 results: How did the firm fare in March quarter?
Apollo Hospitals posted a 76 per cent increase in consolidated net profit to Rs 254 crore for the March quarter. The healthcare major had reported a net profit of Rs 144 crore in the January-March period of the 2022-23 fiscal year.
Revenue from operations rose to Rs 4,944 crore for the fourth quarter as compared with Rs 4,302 crore in year-ago period, Apollo Hospitals Enterprise said in a regulatory filing.
Apollo Hospitals dividend 2024
Apollo Hospitals has approved a final dividend of Rs 10 per share of the face value of Rs 5 per share to the shareholders of the company for the FY24.
(with PTI inputs)
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