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
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
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
Brokerage firm JPMorgan initiated coverage on Apollo Hospitals with an overweight rating, InCred initiated coverage on HEG with an add rating and Jefferies has a buy rating on Dalmia Bharat. Morgan Stanley downgraded Tata Chemicals to equal-weight and maintained an overweight rating on Indigo. We have collated a list of recommendations from top brokerage firms … Read more
, part of the hospital space, has rallied more than 40% from May 2022 lows, and a breakout from a Symmetrical Triangle earlier in December on the daily charts suggests that momentum is still intact. The stock bounced back after hitting a 52-week low of Rs 3365 on 26 May 2022. It closed at Rs … Read more
Indian market rose for the second day in a row on Friday pushing the S&P BSE Sensex above 56,000 on positive global cues. The Nifty50 also reclaimed 16,700 levels in the morning trade. Sectors that were in focus include IT, energy, capital goods, and oil & gas stocks while some pressure was seen in power, … Read more