Apollo Hospitals gain on expansion buzz

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Capital Market
Last Updated : Sep 08 2014 | 3:00 PM IST

Apollo Hospitals Enterprise rose 2.12% to Rs 1185.50 at 14:08 IST on BSE on reports the company plans to open 12 hospitals in the next three years that entail an investment of Rs 2032.7 crore.

Meanwhile, the S&P BSE Sensex was up 216.21 points or 0.8% at 27,242.91.

On BSE, so far 9,075 shares were traded in the counter as against average daily volume of 13,000 shares in the past two weeks.

The stock hit a high of Rs 1,192.70 and a low of Rs 1,161 so far during the day. The stock had hit a record high of Rs 1,219.55 on 27 August 2014. The stock had hit a 52-week low of Rs 817 on 19 December 2013.

Apollo Hospitals Enterprise's net profit rose 4.8% to Rs 82.74 crore on 17.7% growth in net sales to Rs 1053.72 crore in Q1 June 2014 over Q1 June 2013.

Apollo Hospitals is one of Asia's largest healthcare groups.

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First Published: Sep 08 2014 | 2:05 PM IST

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