India's Apollo Hospitals extends gains as analysts upbeat on growth prospects

Apollo Hospitals Enterprise

16/08/2024 09:53

** Shares of Apollo Hospitals  APLH.NS  up 2.4% at 6,675
rupees 
    ** Nuvama hiked PT to 7,500 rupees from 7,065 rupees, keeps
"buy" rating; says APLH's guidance on 500-550 store openings in
FY25 to drive 20% growth in online pharmacy 
    ** ICICI Securities hikes PT to 6,215 rupees from 6,100
rupees, keeps "hold" rating; says hospital occupancies will
likely rise in next two quarters
    ** Motilal Oswal raised PT to Street high of 7,940 rupees on
Wednesday, keeps "buy" rating
    ** Sees superior execution across segments, including
on-track regulatory approvals for greenfield hospital project,
commissioning of acquired hospitals 
    ** At least 15 brokerages covering the stock raised PT post
strong results on Tuesday - LSEG data
    ** Stock gained 3.4% in the previous session
    ** Indian markets remained closed on Thursday for holiday 
    ** On Friday, stock is among top five percentage gainers on
the Nifty 50 index  .NSEI , which is up 1.4%  .BO 

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))