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Buy Apollo Hospitals, target price Rs 1,500: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has buy call on Apollo Hospitals Enterprise Ltd. with a target price of Rs 1500.0 . The current market price of Apollo Hospitals Enterprise Ltd. is Rs 1417.95 Shrikant Chouhan recommended to keep stoploss at Rs 1385
Apollo Hospitals Enterprise Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 19727.25 Crore) operating in Hospitals & Allied Services sector.

Apollo Hospitals Enterprise Ltd. key Products/Revenue Segments include HealthCare Services which contributed Rs 4422.67 Crore to Sales Value (53.05 % of Total Sales), Pharmaceuticals which contributed Rs 3886.04 Crore to Sales Value (46.61 % of Total Sales) and Other Operating Revenue which contributed Rs 27.95 Crore to Sales Value (0.33 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2840.74 Crore, up 10.45 % from last quarter Sales of Rs 2571.89 Crore and unchanged .00 % from last year same quarter Sales of Rs Crore Company has reported net profit after tax of Rs 77.58 Crore in latest quarter. The company’s top management includes Dr.Murali Doraiswamy, Dr.Prathap C Reddy, Dr.T Rajgopal, Mr.M B N Rao, Mr.Vinayak Chatterjee, Mrs.Preetha Reddy, Mrs.Sangita Reddy, Mrs.Shobana Kamineni, Mrs.Suneeta Reddy, Ms.V Kavitha Dutt. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-09-2019, the company has a total of 139,125,159 shares outstanding.
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