Apollo Hospitals up 3% post Q1 numbers

The stock hit a new 52-week high in opening hour of trade

Image
SI Reporter Mumbai
Last Updated : Aug 13 2014 | 12:48 PM IST
Apollo Hospitals gained nearly 3% at Rs 1,110 after the company posted a 4.8% increase in its standalone net profit to Rs. 82.74 crore for the quarter ended June 30, 2014.

The healthcare major's total income during the April-June quarter also increased 17.72%  to Rs 1,053.72 crore as against Rs 895.04 crore for the same period year ago.

Also, the hospital is actively looking at expansion with the hub and spoke model and harnessing the telemedicine technology. In a first of its kind initiative, Apollo Hospitals introduced eICU, a remote ICU monitoring system in Chennai and Hyderabad hospitals.

The stock opened at its 52-week high of Rs 1,149.3 in opening trades. A total nearly 3.8 lakh shares changed hands on BSE and NSE.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 13 2014 | 12:43 PM IST

Next Story