Apollo Hospitals Shares Down 5.01% today As Sensex Gains over 436? Should You Buy?

Today shares of Apollo Hospitals Enterprise Ltd. witnessed a drop of more than 5% (NSE -5.05%) to close at 3648.00 in Thursday's trade. The scrip opened at 3870 and touched the intraday high and low of 3845 and 3623.75, respectively. The shares of Apollo Hospitals quoted a 52-week high of 5,930.70 and 52-week low of 3144.70.

The shares of the company has hit an upper price band of 4009.70 and lower price band of 3280.70. The total market cap of Apollo Hospitals is Rs 52,413 crore at the time of writing this report.

What Analysts are saying about Apollo and should you buy?

The company has emerged street favourite and received a robust analyst rating with at least 20% upside. Its yet another strong point is decreasing promoter pledge. Recently, ICICI securities also gave a buy call to the shares of Apollo with a target price of Rs 4336.

The analyst claims that the shares of Apollo Hospitals can climb the specified target in just one-year time. As the share prices are falling, it can be an ideal opportunity for investors to invest in the shares of Apollo Hospitals. And, after having received robust rating from analyst, investors can invest in the shares of the company.

Apollo Hospitals Q4 Result

Apollo Hospitals came out with its Q4 2022 results on May 25. It has reported a 46% Y-O-Y dip in net profit to Rs 90 crore in the current financial year as a result of the provision for capital gains tax of Rs 88.2 crore.

Meanwhile, there is a surge of 24% in revenue to Rs 3546.4 crore in Q4FY 22 as against Rs 2868 crore in Q4FY21.

About Apollo Hospitals

It came into existence in 1983. It was founded by Dr. Prathap C Reddy, famous as the architect of modern healthcare in India. It is country's first corporate hospital and acclaimed for pioneering the private healthcare revolution in India.

It has already become Asia's foremost integrated healthcare services provider and has a strong presence across the healthcare ecosystem. It also has Telemedicine facilities in many countries including Health Insurance Services, Global Projects Consultancy, Medical colleges, etc.