In the past one week, Apollo Hospitals Enterprises, Fortis Healthcare and Max Healthcare have surged between 12 per cent and 15 per cent as compared to a 2 per cent rise in the S&P BSE Sensex
Thus far in the financial year 2021-22 (FY22), the S&P BSE Healthcare index has rallied 24 per cent, as against 9 per cent gain in the S&P BSE Sensex
Institutional investors purchased an additional 1.24 million equity shares or 1.55 per cent stake of the company via open market post its listing
Apollo Hospitals said it will use the funds raised to acquire a 50 per cent stake in a joint venture, seek inorganic growth opportunities, as well as, look to pare down debt in its balance sheet
After a weak performance over the last couple of years, hospitals are posting robust growth due to focus on utilisation and margins
Despite revenues for the top players growing by double digit, led by new hospital additions, realisations have been in low, single digits