Apollo Hospitals Enterprise Ltd.

BSE: 508869 | NSE: APOLLOHOSP
Large Cap | Hospital & Healthcare Services
7143.50
-92.40 (-1.28%)
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Apollo Hospitals trades jubilantly on plan to invest Rs 2,200 crore on expansion

Date: 14-06-2013

Apollo Hospitals Enterprise is currently trading at Rs. 954.80, up by 29.00 points or 3.13% from its previous closing of Rs. 925.80 on the BSE.

The scrip opened at Rs. 936.10 and has touched a high and low of Rs. 963.00 and Rs. 934.75 respectively. So far 13544 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. 605.25 on 28-Jun-2012.

Last one week high and low of the scrip stood at Rs. 1019.25 and Rs. 912.00 respectively. The current market cap of the company is Rs. 13355.32 crore.

The promoters holding in the company stood at 34.35% while Institutions and Non-Institutions held 44.69% and 20.41% respectively.

Apollo Group of Hospitals is likely to invest Rs 2,200 crore on expanding its facilities. It also aims to add 2,700 beds in the next three years. The entity will spend part of this on expanding its facility in Mumbai and opening Apollo Clinics there and will spend about Rs 800-Rs 1,000 crore in the next 12 months.

The company plans seven Apollo Reach hospitals now and eight more are under construction. In all, it will have 21 Reach branded hospitals in the next 24 months.

Apollo Hospitals Enterprise, 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.