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
The stock of Apollo Hospitals made it to the Nifty-50 index last year. In May this year, Max Healthcare was included in the MSCI India Standard Index. Synopsis Fortis Healthcare and Healthcare Global Enterprises hit a record highs on Tuesday, Apollo Hospitals and KIMS did so last week. All leading listed healthcare players have hit … Read more
Indian market is likely to consolidate on Monday tracking mixed global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 closed below 19700 levels on Friday. India VIX was down by 3.52% from 10.51 to 10.14 levels in the previous trading session. Volatility has been moving in a range for the … Read more
New Delhi: Artificial Intelligence (AI) can help fight systemic challenges straining global healthcare systems with AI-driven diagnosis, infectious disease intelligence and clinical trial optimisation showing the highest potential, a new study said on Monday. The report published by the World Economic Forum (WEF) cited several case studies, including one from India, to highlight the transformative … 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
“So this clearly indicates that now markets are again back into the range of 18,400 to 18,600 and Bank Nifty is within a range of 44,200 to 43,800,” says Jay Thakkar, Sharekhan. How are you reading the way Nifty, Bank Nifty have come down? Are they coming closer to the support levels? Also tell us … Read more
Mumbai: The recent decline in equities triggered by the crisis in the US banking industry has investors scouring the stock market for potential winners. Though share valuations in India remain expensive despite the recent correction, analysts said there is a growing demand for companies that could withstand the ongoing uncertainty and grow faster when the … Read more
Hyderabad: In recent years, wearable devices have been widely used for activity tracking and monitoring of health. Apple is focusing on tracking mental health, walking steadiness features, and tracking menstrual cycles said Dr Sumbul Desai at BioAsia 2023. Apple’s Vice President of Health while speaking at the fireside chat with Dr Sangita Reddy, Joint Managing … Read more
Upasana Kamineni Konidela, founder, URlife and Vice Chairperson, CSR, Apollo Hospitals | Photo Credit: Special arrangement Upasana Kamineni Konidela’s warm greeting at her office in Jubilee Hills is a reflection of the calm self that she says she is. Dressed in a green salwar-kurta, the Vice Chairperson of CSR at Apollo Hospitals settles to talk … Read more