Axis Securities said that IndusInd Bank has decisively surpassed multiple resistance zones at the Rs 895 levels on a closing basis on the daily charts.
Apollo is a leading integrated healthcare service provider with group capacity of 10,187 beds across 45 owned hospitals and six managed hospitals in India.
Apollo Hospitals, Hindustan Aeronautics, IRCTC, Power Grid, and LIC Housing Finance have set record dates between August 18–23, impacting investor eligibility for dividend benefits under T+1 settlement cycle.
The Apollo Hospitals board had recommended a final dividend of Rs 10 per share for FY25 of a face value of Rs 5 each.
The stock climbed 6.6 per cent to hit an all-time high of Rs 7,717 on BSE over its previous close of Rs 7,236.60. At 10:30 am, the scrip was trading 6.15 per cent higher at Rs 7,681.35.
Valuing the remainder of the Apollo businesses using SOTP, JM Financial suggested a 40 per cent absolute upside return for Apollo Hospitals from the current market cap over the next 21 months.
Shares of Apollo Hospitals Enterprise Ltd surged nearly 5 per cent during the trading session to Rs 7583.30, hitting its new 52-week high, on Tuesday.
Companies such as ABB India, Fine Organics and Jupiter Hospitals delivered less-than-expected Q4 earnings. UPL beat the Street estimates, Thermax reported in-line results while Apollo Pipes clocked a mixed set of results.
Stocks to consider: IIFL prefers hospitals (Apollo, KIMS), India focused pharma (Torrent, JB Chemicals) and stocks such as Power Grid, JK Lakshmi Cement, Cummins and Page Industries.
An analyst from LKP Securities said that Apollo Hospitals has been consolidating following a rise on the weekly timeframe. The stock is sustaining above the 21EMA on the daily timeframe.
Shares of Apollo Hospitals tumbled more than 8.30 per cent on Monday in a knee-jerk reaction to Rs 5738, with a total market capitalization less than Rs 85,000 crore.
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