Apollo Hospitals Enterprise Ltd.

BSE: 508869 | NSE: APOLLOHOSP
Large Cap | Hospital & Healthcare Services
7014.35
94.55 (1.37%)
< Home < Back

Apollo Hospitals creeps up on plans of investing Rs 400 crore for 10 specialised hospitals

Date: 18-12-2012

Apollo Hospitals Enterprise is currently trading at Rs 814.30, up by 4.30 points or 0.53% from its previous closing of Rs 810.00 on the BSE.

The scrip opened at Rs 811.00 and has touched a high and low of Rs 816.30 and Rs 809.10 respectively. So far 7594 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 902.85 on 27-Nov-2012 and a 52 week low of Rs 507.00 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs 824.75 and Rs 800.05 respectively. The current market cap of the company is Rs. 11344.27 crore.

The promoters holding in the company stood at 34.35% while Institutions and Non-Institutions held 41.09% and 20.75% respectively.

In a bid to set up 10 specialised hospitals in India by 2015 for treatment of heart diseases and cancer, Healthcare major Apollo Hospitals will invest Rs 400 crore. Of total, five hospitals will be focused on treatment of heart diseases while, the other five on cancer treatment.

All these 10 hospitals will have between 50-75 beds each and will be located at Chennai, Ahmedabad, Kolkata, Delhi and Varanasi.

Last year, the healthcare major had announced it would add 2,000 beds in 24 months entailing an estimated investment of nearly Rs 1,200 crore. Currently, the group is one of the largest healthcare chains in Asia with over 8,500 beds across 50 hospitals.