Apollo Hospitals surges 21% in 2 weeks post Q1 results; stock hits new high

Analysts see Apollo going back to its hospital margin expansion trajectory in FY22 to help drive cash generation and debt reduction

Shares of Apollo Hospitals Enterprise hit a fresh record high of Rs 1,938, up 6.5 per cent on the BSE on Thursday in an otherwise weak market on expectation of improved earnings going forward. In comparison, the benchmark S&P BSE Sensex was down 1.7 per cent at 37,023 points, at 11:35 am.

In the past two weeks, the healthcare facilities company's stock has rallied 21 per cent, after reporting good operational performance in the April-June quarter (Q1FY21).  The benchmark index was down 4 per cent during the same period.

Apollo Hospitals Enterprise reported consolidated earnings before interest, tax, depreciation,