Quote on Apollo Hospital Report by Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on Apollo Hospital Report by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd
Apollo Hospitals continues its rally on the back of Value unlocking, we continue with our BUY rating.
Apollo Hospital has announced the reorganization of its back-end pharmacy and 24/7 business through slum sale. Apollo hospital created a new company with name “Apollo HealthCo Limited '' in which business of back-end pharmacy, Apollo 24/7, Pharmacy retail and other private labels will be transferred on a slump sale basis. Apollo Hospital has created “India’s Largest Omnichannel Digital Healthcare Platform” which combines the strengths of Apollo Group’s offline healthcare leadership with Apollo Group’s new age digital offerings to address all healthcare consumer needs with an asset light approach. We maintain our Buy rating on Apollo Hospital, increasing target from 3700 to 3900.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
