COMPANY NAME – Apollo Hospitals Enterprises

RECOMMENDATION – BUY
TARGET – 900

COMPANY BASIC INFORMATION

ISIN Id – INE437A01016
BSE Id – 508869
NSE Id – APOLLOHOSP
INDUSTRY – Hospitals & Medical Services
Market Cap – 4,276.13
Book Value – 220.88
EPS (TTM) – 24.59
Price/Book – 3.13
Face Value – 10.00
P/E – 28.15
Div(%) – 65.00
Industry P/E – 32.09
P/C – 21.83
Div Yield (%) – 0.94

STOCK PRICE HISTORY (NSE)

All Time High – 749.00
All Time Low – 21.65
52 Week High – 749.00
52 Week Low – 347.10

DAILY CHART

Recommendation-

The stock is on a breakout from a multi year price pattern as can be seen on weekly chart. It spent around 4 years within 350 to 620 ranges and finally gave a breakout from a long Double Bottom like price pattern. On the dailies also the stock is making continuously higher peaks and higher troughs. On the recent correction the stock retraced to its support area of around 620 levels ,current levels are good entry levels in to the stock as  the counter calls for a medium to long term investment idea for price targets of 900 levels.