APOLLO HOSPITALS ENTERPRISE LTD – STOCK PRICE Sell below 1370 Target 1355—1342

APOLLO HOSPITALS ENTERPRISE LTD – STOCK PRICE Sell below 1370 Target 1355—1342

APOLLO HOSPITALS ENTERPRISE LTD (APOLLOHOSP-508869) – sold its entire 50.8 percent stake in Apollo Munich Health Insurance to HDFC for Rs 1,336 crore. The transaction is expected to conclude by the end of October 2019.

Reddy said her other focus is to get a better return on capital employed (RoCE).  She expects RoCE to be in the range of 13-14 percent aided by expanding revenues.

The company said it had completed a capacity expansion (capex) of Rs 3,000 crore. Apollo Hospitals has an operational 8,000-bed capacity, with a potential to expand to 10,000 beds.

APOLLO HOSPITALS ENTERPRISE LTD now owns 70 hospitals with a total bed capacity of 10,167 beds. Of these 70 hospitals, 44 are owned by the company while five are managed by the company with 934 beds. The company also has 11-day care or short surgical stay centres with 267 beds and 11 cradles with 283 beds.

APOLLO HOSPITALS ENTERPRISE LTD had sales of Rs 9,617 crore in FY19, with hospitals generating about 55 percent revenues. Little over 40 percent was from pharmacy stores and the rest from Apollo Health & Lifestyle (AHLL) that constitutes clinics and diagnostic centres.

APOLLO HOSPITALS ENTERPRISE LTD – STOCK PRICE Sell below 1370 Target 1355—1342 via @goldsilverrepor
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