India's Apollo Hospitals set for best week in eight months after Q2 results

Apollo Hospitals Enterprise

08/11/2024 09:51

** Shares of Apollo Hospitals  APLH.NS  gain 5.4% for the
week, and set for their best week since March
    ** Stock top weekly pct gainer on benchmark Nifty 50  .NSEI 
which is down 0.7% for the week
    ** The stock closed up 6.55% on Thursday, its best session
in 3 months, a day after its Q2 results beat expectations
    ** JP Morgan analysts say Apollo's planned expansion over
next 3 years to boost EBITDA by 14% in hospital segment, hikes
PT to 8,300 rupees from 7,200 rupees
    ** Apollo is "focusing on the right areas" and thus
delivering growth and profitability - Jefferies
    ** Tight marketing spends should lead to EBITDA break-even
for 24/7 pharmacy, Ambit Capital analysts say
    ** 13 analysts hiked PT on APLH since Q2 results, median PT
now at 7,827.50 vs 7,320 last month - LSEG
    ** APLH and rivals Max Healthcare  MAXE.NS  and Fortis
Healthcare  FOHE.NS  rated "buy" - LSEG
    ** APLH's 30% YTD climb greater than FOHE's 48% but smaller
than MAXE's 59% gain

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))