Apollo Hospital shares up 0.99% as Sensex falls

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 5930.7 and a 52-week low of Rs 3365.9 on NSE. Around 6706 shares changed hands on the counter till 10:05AM (IST).

The stock opened at Rs 4629.95 and has touched an intraday high and low of Rs 4718.05 and Rs 4616.0 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 75.66, earnings per share (EPS) of Rs 61.44 and price to book value (PB) of 11.55, while the return on equity (ROE) stood at Rs 18.77.

Promoter/ FII Holding
The promoters held 29.33 per cent stake in the company as of September 23, while FII and MF ownerships stood at 48.48 per cent and 7.64 per cent, respectively.

Key Financials

With a market capitalisation of Rs 66845.49 crore, the company operates in the Hospital industry. For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 3811.66 crore, up 6.56 per cent from the previous quarter?s Rs 3577.15 crore and up 0.71 per cent from the same quarter a year ago. The company reported net profit of Rs 317.11 crore for the latest quarter, down 35.19 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 66.88. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.