01-01-1970 12:00 AM | Source: Angel Broking Ltd
Apollo Hospitals administer Sputnik V By Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on Apollo Hospitals administer Sputnik V by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
Dr. Reddy's Laboratories Limited recently announced that the company has received the 1st batch of Sputnik V vaccine from Russia. Dr. Reddy's Laboratories Limited has done agreement with several vaccine manufacturers in India for manufacturing of Sputnik V vaccine. Apollo hospital has already started vaccine drives in several of his hospitals, today Apollo hospital has started Dr. Reddy Sputnik V vaccine in Hyderabad. Apollo hospital has priced the vaccine at ₹1250 per dose which is similar to Bharat biotech’s Covaxin. Earlier Dr. Reddy's Laboratories had fixed the price of imported Sputnik V at ₹997 per dose.
This is very positive news for Apollo hospital as well as Dr. Reddy's Laboratories Limited.
We have a buy rating on Apollo hospitals limited with target price of ₹3700.
Above views are of the author and not of the website kindly read disclaimer
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