Apollo Hospitals Enterprise gained favour from analysts on the Street ….

Apollo Hospitals Enterprise gained favour from analysts on the Street after it not just delivered strong Q3 results but also charted out expansion plans. The company’s aggressive bed expansion plans for its flagship hospitals business was taken with much appreciation from the Street for securing engines for future growth. ‘Buy’ calls for the stock went from 22 last month to 25 in February while ‘hold’ calls fell to two from the previous three and ‘sell’ rating climbed down to just one, from the earlier three. ICICI Securities also chose Apollo Hospitals as its top pick within the healthcare segment. The bottomline remains that Apollo offers strong growth visibility across its segments. In hospitals, the company is benefiting from improving occupancy rates, ARPOB growth, and capacity expansion. In offline business, Apollo HealthCo continues to see steady growth in its offline business while scaling up Apollo 24/7. Meanwhile, AHLL is experiencing consistent growth alongside margin expansion, reinforcing Apollo’s long-term growth trajectory.

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