Can Apollo Hospitals’ stock sustain its upward momentum without triggers?

Can Apollo Hospitals’ stock sustain its upward momentum without triggers?

MUMBAI : Apollo Hospitals Enterprise Ltd’s shares hit a lifetime high of ₹6,927.40 apiece on Friday. The stock has gained about 40% in the past year and 20% in 2024. But the triggers for meaningful upsides in the near future are few and far between. That’s because the stock had been appreciating largely on the … Read more

Healthcare stocks in long runway for growth; HDFC Securities initiates with ‘Buy’ on Apollo Hospitals, Medplus Health

Healthcare stocks in long runway for growth; HDFC Securities initiates with ‘Buy’ on Apollo Hospitals, Medplus Health

The industry saw some growth impact during COVID in FY21 as it grew 10% YoY to ₹8 lakh crore and subsequently a bounce-back in FY22, growing 15% YoY to ₹9.2 lakh crore, and normalized growth in FY23 at 15% YoY to ₹10 lakh crore. Going ahead, key structural drivers such as an ageing population, an … Read more