Apollo Hospitals Enterprise Ltd (APLH.BO)
24 Jul 2014
|Market Cap (Mil.):||Rs152,077.70|
|Shares Outstanding (Mil.):||139.13|
Reuters Market Eye - Shares of Apollo Hospitals Enterprises Ltd gain as much as 3.4 percent after Citigroup raises its price target for the company to 1,140 rupees from 960 rupees, with a 'buy' rating on the stock.
* Shares of India's Apollo Hospitals Enterprises Ltd gain as much as 3.4 percent after Citigroup raises its price target for the company to 1,140 rupees from 960 rupees, with a 'buy' rating on the stock. * Citi said in a note that aggressive ramp-up has resulted in lower margin for FY14 and that it expects a pick-up in growth from FY15 as a result of the move. * "We believe Apollo looks well set to achieve over 20 percent topline growth and 80-100bps EBIDTA margin expansion every year over the
* Shares in India's Apollo Hospitals Enterprise Ltd gain 1.7 percent to 907 rupees after broker Bank of America-Merrill Lynch starts coverage on the healthcare firm with a "buy" rating and a target price of 1,136 rupees. * BofA-Merrill says it expects Apollo Hospitals' sales to grow 21 percent over fiscal years 2014-2018 and profit after taxes by 26 percent during the same. * "With strong execution track record, Apollo is a multi-year structural growth story of under penetrating market, increa
Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Abhiram Nandakumar in Bangalore)