India's Apollo Hospitals gains on Q1 profit beat

Apollo Hospitals Enterprise

14/08/2024 06:02

** Shares of Apollo Hospitals Enterprise  APLH.NS  rise 3.4%
to 6,816 rupees
    ** Stock top gainer in Nifty 50 index  .NSEI , which is up
0.1%
    ** The hospital chain operator posted an 83% rise in Q1
consolidated net profit, beating expectations
    ** Co aided by improving occupancy rates and conducting more
expensive surgeries
    ** More than 744,000 shares change hands, nearly 2.1x its
30-day avg
    ** Twenty-four analysts covering the stock on avg have a
"buy" rating; median PT is 7,000 rupees - LSEG data
    ** Stock up 18% so far this year vs an 11.1% gain in Nifty
50 index
    


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))