Monday 20 January 2014

Apollo Hospitals gains on expansion plans

Apollo Hospitals Enterprise is currently trading at Rs. 939.00, up by 12.05 points or 1.30 % from its previous closing of Rs. 926.95 on the BSE.

The scrip opened at Rs. 926.95 and has touched a high and low of Rs. 942.00 and Rs. 926.95 respectively. So far 1819 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1096.15 on 17-May-2013 and a 52 week low of Rs. 767.10 on 21-Jan-2013.

Last one week high and low of the scrip stood at Rs. 933.75 and Rs. 888.40 respectively. The current market cap of the company is Rs. 12896.21 crore.

The promoters holding in the company stood at 34.35 % while Institutions and Non-Institutions held 45.38 % and 19.49 % respectively.

Apollo Hospitals Enterprise is planning to expand its chain of birth centres -- Cradle. In this regard, the company will invest Rs 100 crore over the next 12 months.

A newly opened unit of Apollo Hospitals Group brand Cradle in Chennai is one such modern delivery centre where a soon-to-be mother will have more than just clinical attention. The 30,000 sq. ft. facility in South Chennai is the fourth Cradle unit, including the two in Bangalore and one in Gurgaon.

Apollo Hospitals is the leading private sector healthcare provider in Asia and owns and manages a network of speciality hospitals and clinics, a chain of Pharmacy retail outlets across the country, and provides Consultancy Services for commissioning and managing the Speciality Hospitals.

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