Making adjustments to its model portfolio, domestic brokerage firm Kotak Institutional Equities has increased the weight of InterGlobe Aviation (INDIGO) by 100 basis points to 250 basis points and Pidilite Industries (PIDI) by 40 basis points to 190 basis points. Meanwhile, Dabur witnessed a decrease in the weightage. According to the domestic brokerage firm, both … Read more
Several brokerage firms have recently shared positive outlooks on prominent companies, highlighting potential growth opportunities and strategic advancements for the next 12 months. Investec, Jefferies, and Nuvama have maintained ‘Buy’ ratings on UltraTech Cement, Apollo Hospitals, and Crompton Greaves Consumer Electricals Ltd, respectively, signaling strong upside potential for each stock. We have collated a list … Read more
Leading hospital chain Apollo Hospitals‘ net profit jumped 52% year-on-year (YoY) to Rs 372 crore for the third quarter ended December 31, 2024, while revenues rose 14% YoY to Rs 5,527 crore. The company’s board has also declared an interim dividend of Rs 9 per share and fixed February 15 as the record date for … Read more
New Delhi: Apollo Hospitals has partnered with Microsoft to integrate artificial intelligence (AI) and digital transformation into healthcare delivery. This collaboration will focus on co-innovation, research, and developing advanced healthcare solutions, including work on disease progression, genomics, and multi-modal models. Dr. Madhu Sasidhar, President and CEO of Apollo Hospitals, emphasized the transformative potential of the … Read more
HSBC initiated coverage on Krishna Institute of Medical Sciences (KIMS) with a ‘buy’ rating while assigning ‘reduce’ rating to Global Health (Medanta) and Narayana Hrudayalaya. The brokerage has a ‘buy’ rating on Apollo Hospitals and Aster Healthcare. “We retain our positive view on the growth outlook for the hospital sector on intact structural drivers: An … Read more
Shares of Apollo Hospitals rallied 3.4% in Friday’s early trade to the day’s high of Rs 5,955 after the company reported a 77% year-on-year (YoY) jump in its net profit. The company’s revenue from operations in the January-March 2024 period increased 15% YoY to Rs 4,944 crore and the board of directors have also recommended … Read more
We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Zomato: Underperform| Target Rs 96Macquarie maintained an underperform rating on Zomato with a target price of Rs 96. The competitive intensity is rising. Multiple incumbent e-commerce platforms have announced renewed ambitions in Qcom. The global investment bank … Read more
“If trouble comes when you least expect it, then maybe the thing to do is to always expect it.” Cormac McCarthy Considered in a proper historical and comparative perspective, the 30-share Sensex, which breached the 25,000 mark in May 2014 and the 50,000 mark on January 21, 2021, smashed the psychological 75,000 barrier, zooming to … Read more
Hospital stocks fell up to 11% on Friday, witnessing their second successive decline following the Supreme Court’s diktat on cost rationalisation. The biggest loser on an intraday basis was Max Healthcare Institute which hit the day’s low of Rs 706.45 on the NSE. It was followed by Yatharth Hospital & Trauma Care Services which plunged … Read more
Apollo Hospitals Enterprises Ltd, part of the hospital sector, breaks out from a 72-week consolidation range and a downward-sloping trendline on the weekly charts has opened room for the stock to head towards a fresh 52-week high. The stock hit a 52-week high of Rs 5362 on 28 July 2023, but it failed to hold … Read more