Tuesday, November 18, 2008

Apollo Hospitals Enterprise Inches Ahead Equity - Nov 18, 2008

The company made the disclosure to the stock exchanges during trading hours on Monday, 17 November 2008, when the stock had slipped 0.26% to Rs 402.65. Meanwhile, the BSE Sensex was down 390.62 points, or 4.20%, to 8,900.39.On BSE, 3,687 shares were traded in the counter. The stock had an average daily volume of 17,238 shares in the past one quarter.The stock hit a high of Rs 408.90 and a low of Rs 400 so far during the day.

The stock has a 52-week high of Rs 630.30 on 1 January 2008 and a 52-week low of Rs 350 on 27 October 2008.The mid-cap stock had underperformed the market over the past one month till 17 November 2008, declining 9.67% as compared to the Sensex's decline of 6.86%. It had outperformed the market in the past one quarter, declining 16.32% as compared to the Sensex's decline of 36.90%.

The company's current equity is Rs 60.24 crore. Face value per share is Rs 10.

The current price of Rs 406.30 discounts the company's Q2 September 2008 annualized EPS of Rs 20.01, by a PE multiple of 20.30.

Apollo Hospitals Enterprise's net profit rose 27.8% to Rs 30.13 crore on 29.9% increase in net sales to Rs 364.83 crore in Q2 September 2008 over Q2 September 2007.

On 30 October 2008, the company's board dropped a proposal of 10-for-1 stock split.

The hospital provides health care and other related services. The group operates in three segments: hospitals, retail pharmacy and others. It has a network of more than 420 pharmacy outlets.

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