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Apollo Hospitals jumps over 9% in two sessions

Capital Market 

The healthcare provider extended Wednesday's gains triggered by strong Q1 results.

Apollo Hospitals Enterprise was up 6.35% to Rs 1,444.55. On a consolidated basis, the company's consolidated net profit rose 68.5% to Rs 57.2 crore on 16.4% increase in net sales to Rs 2,571.89 crore in Q1 June 2019 compared with Q1 June 2018.

The result was announced after trading hours on Tuesday, 13 August 2019. Following the results, shares of Apollo Hospitals Enterprise jumped 2.75% to end at Rs 1358.30 on Wednesday, 14 August 2019.

The scrip has risen 9.27% in two trading sessions to its current market price of Rs 1,444.55, from a recent closing low of Rs 1,322 on Tuesday, 13 August 2019.

Meanwhile, the S&P BSE Sensex was up 3.61 points, or 0.01% to 37,315.14.

On the BSE, 1.21 lakh shares were traded in the counter so far compared with average daily volumes of 48,000 shares in the past two weeks. The stock had hit a high of Rs 1,451.25, which is also 52-week high for the counter. It hit a low of Rs 1,362.25 so far during the day. The stock hit a 52-week low of Rs 997.50 on 21 September 2018.

Apollo Hospitals Enterprise is engaged in offering healthcare services and operating standalone pharmacies. The company's segments include healthcare, pharmacy and others.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 16 2019. 13:55 IST