Apollo Hospitals rallies 20% in 4 days on strong Q2; stock hits new high

The Q2FY22 performance of AHEL was better than expected with a rise in the average revenue per occupied bed (ARPOB) and a lower average length of stay (ALOS)

Shares of Apollo Hospitals Enterprises (AHEL) continued at their upward march, with the stock hitting a fresh record high of Rs 5,460 on the BSE on Wednesday. They rallied 7 per cent in today's intra-day trade and have surged 20 per cent in the past four days after the company reported a strong set of numbers for the quarter ended September 2021 (Q2FY22). In comparison, the S&P BSE Sensex was down 0.2 per cent during the same period.

The Q2FY22 performance of AHEL was better-than-expected with a rise in the average revenue per occupied bed (ARPOB) and a lower