India's Apollo Hospitals eyes best day in nearly 5 months after Citi lifts PT to Street-high

Max Healthcare Institute

06/01/2026 10:01

** Shares of Apollo Hospitals APLH.NS gain 3.7% to 7,342 rupees, set for best day since mid-August

** Stock is top daily pct gainer on benchmark Nifty 50 .NSEI index

** Citi ("buy") raises PT on hospital chain to Street-high of 9,600 rupees, from 9,330 rupees earlier

** Brokerage says current valuations are attractive as underperformance of APLH's Bangladesh hospitals and losses from commissioning new hospitals already priced in

** Sees consol EBITDA CAGR of 23% over FY25-28 as APLH scales revenue from new hospitals and as its pharmacy and healthcare services unit breaks even

** 26 analysts tracking the stock rate it "buy" on average, on par with peers Fortis Healthcare FOHE.NS and Max Healthcare Institute MAXE.NS -- data compiled by LSEG

** Stock dropped 3.5% in 2025, trailing FOHE's ~23% jump, but faring better than MAXE's 7.4% decline

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))