APOLLO 24 7
Indian govt needs to trim citizens' waist size for the sake of economy
India's Economic Survey 2023-24 warned that increasing obesity rates could hinder the country's economic potential. Experts urged the government to promote healthier lifestyles through better diet, physical activity, and monitoring of health parameters. Emphasizing waist circumference and BMI, they suggested that addressing obesity is crucial to reaping India's demographic dividend.
Nifty's 4% YoY Q1 PAT growth surpasses Motilal's estimates. Adani Ports and four others see FY25 earnings upgrades
Nifty achieved a 4% YoY growth in profit after tax (PAT), exceeding Motilal Oswal's 3% estimate, though it's the slowest growth since the pandemic quarter of 2020. Key contributors to this growth were HDFC Bank, Tata Motors, ICICI Bank, Maruti Suzuki, and Tata Consultancy Services (TCS), which together accounted for 127% of the incremental YoY earnings.
Apollo Hospitals shares rise 4% after reporting 83% YoY jump in Q1 PAT. Should you buy?
Apollo Hospitals Share Price: Apollo Hospitals' stock saw a 4.2% increase after reporting a Q1 FY25 net profit of Rs 305 crore, up from Rs 167 crore last year. Revenue grew by 15% to Rs 5,086 crore. Several brokerage firms maintained positive ratings, highlighting improvements in occupancy and revenue segments.
Apollo 24/7 GMV to go up to Rs 1,000 cr per quarter over next 18 months: Suneeta Reddy
Apollo Hospitals' Suneeta Reddy forecasted a 5% price impact for next quarter, citing the recent muted performance from elections and a heatwave. Regional occupancy and margins varied, with Nashik serving as a referral center. Apollo 24/7 aims for Rs 1,000 crore quarterly in six quarters. AHLL is on an improving revenue trajectory despite new centers impacting margins.
Hot stocks: Brokerage view on Hindalco, Hero Motocorp, Max Financial, Apollo Hospitals and Nykaa
Top brokerage firms shared their latest stock ratings: JP Morgan recommended Hindalco and Apollo Hospitals, highlighting robust expansions and increased occupancy rates. Goldman Sachs suggested selling Hero Motocorp due to revenue shortfalls. Jefferies and Investec advised buying Max Financial and Nykaa, seeing growth potential. Detailed analysis and future projections backed these recommendations.
Apollo Hospitals net profit rises 83% to Rs 305 crore in Q1FY25
The healthcare services business (hospital business) revenue grew 15% YoY to Rs 2,637 crore in Q1FY25. The EBITDA margins stood at 23.57%.
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Apollo Hospitals Q1 Results: Profit zooms 83% YoY to Rs 305 crore, revenue up 15%
Apollo Hospitals Q1 Results: Leading hospital chain Apollo Hospitals reported 83% growth in its consolidated net profit at Rs 305 crore for the first quarter ended June 2024. It was Rs 167 crore in the year-ago period.
Apollo Tyres shares fall 3% after 24% drop in Q1 net profit
Shares of Apollo Tyres dropped by 3% after it reported a 24% decline in net profit to Rs 302 crore for Q1 FY25, attributed to lower sales and higher raw material costs. Despite a 1.4% increase in revenue, EBITDA fell by 13.5%.
Sensex falls 300 pts, Nifty below 24,200 as RBI keeps repo rate unchanged
Following the RBI's decision to keep interest rates unchanged and maintain the withdrawal of accommodation stance, Sensex and Nifty saw declines. RBI Governor Shaktikanta Das noted market alignment with RBI policies. Despite steady inflation and GDP growth forecasts, specific stocks like Infosys and Apollo Tyres experienced notable losses. Investors remain cautious amid global economic concerns.
Mirae Asset ELSS Tax Saver Fund offers 17.6% returns in 3 years; is it a good fund to invest?
Mirae Asset ELSS Tax Saver Fund: This fund retains the essence of its larger siblings—Mirae Asset Large Cap and Mirae Asset Large and Mid Cap—with emphasis on quality of earnings. The fund tends to give more weight to large caps compared to mid-cap ideas from the same funds. The fund portfolio size has expanded and it has pared back some of its larger positions. Should you invest?
Q1 results today: Adani Total Gas, Adani Wilmar among 95 companies to announce earnings on Monday
Q1 Results Today 29 July 2024: Apollo Pipes, ASK Automotive, Bharat Electronics, Colgate Palmolive, CSB Bank, Elnet Technologies, Fredun Pharmaceuticals, Ideaforge Technologies, Indian Bank, NDTV, Pfizer India, Whirlpool, Wonderla Holidays among others will announce their quarterly results. | Latest Updates
F&O Talk| Nifty Bank may witness pullback rally if it stays above 50,400: Sudeep Shah of SBI Securities
Analyst Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives Research, SBI Securities interacted with ET Markets regarding the outlook on Nifty and Bank Nifty along with an index strategy for the upcoming week.
NASA alerts on Asteroid 2011 AM24: Is there any danger to planet Earth?
NASA has sent a warning regarding the approaching asteroid 2011 AM24. NASA has verified that, despite its proximity, this asteroid poses no immediate threat to Earth.
Stocks to buy: Bet on stocks favoured by institutional investors; 5 stocks with up to 39% upside
We have identified stocks where both domestic mutual funds and foreign investors have increased stakes on quarter-over-quarter and year-on-year basis. There are 377 stocks with market caps greater than Rs.500 crore that have declared their June quarter shareholding pattern. Of these 40 have seen a rise in stake by both domestic funds and foreign investors. Here are five of these 40 stocks that are covered by several analysts and are showing strong potential for double-digit share price growth.
Prabhudas Lilladher recommends buying these 3 tyre stocks with upto 25% upside
Apollo Tyres' recent higher bottom formation on the daily chart, supported near the 518 level, signals a positive bias for further gains. The Relative Strength Index (RSI) has retreated from overbought territory, suggesting continued strength and potential for upward movement. A break above 560 would confirm a breakout and trigger further advances.
Commercial messaging market set to reach $3.2 bn by 2028: Gartner report
India's commercial messaging market is poised for substantial growth, projected to reach $3.2 billion by 2028 from $1.3 billion in 2023. This expansion is driven by the increasing adoption of advanced messaging channels like Google's RCS (rich communication services) and Meta's WhatsApp Business, which are intensifying their competition in the market. Currently, WhatsApp holds a significant lead over RCS in India, with enterprises favoring its platform for messaging deployments.
Tyre stocks surge up to 13% amid reports of price rise
MRF, India's highest-priced stock, gained attention on Monday's BSE session due to reports of a price increase effective July 18. This led to a surge in tyre stocks: JK Tyre & Industries rose 13%, CEAT jumped 7%, Apollo Tyre gained 5%, and MRF shares increased 4% to Rs 1,34,281.
How ICC Men's T20 World Cup resonates with India's capital markets
India's capital markets' resilience mirrors the T20 World Cup win. Market capitalization surpasses USD 5 trillion with 160 million Demat accounts. Mutual fund equity assets support BFSI and automotive earnings. The Modi-led government ensures economic momentum and infrastructure development. The Union Budget is critical for growth. Apollo Hospitals and Hindalco anticipate superior EBITDA growth.
F&O Stock Strategy: How to trade Apollo Tyres and LIC Housing Finance
Apollo Tyres breakout signals strong buying interest. Accumulate in the 520-515 zone with a stop loss at 500, targeting 550 in the short term.
Hot Stocks: Brokerage view on Stylam, Apollo Hospitals, ICICI Bank and Adani Wilmar
Investec's diversified coverage includes insights on Adani Wilmar, ICICI Bank, Apollo Hospitals, Stylam Industries, and Ratnaveer Precision Engineering, providing a comprehensive view of the market opportunities and risks.
Hot Stocks: Brokerage view on Apollo Hospitals, Senco Gold, Crompton Greaves & Havells India
Motilal Oswal initiated coverage on Senco Gold, Kalyan Jewellers, Apollo Hospitals, Crompton Greaves Consumer, and Havells India with buy ratings and revised target prices. UBS and Goldman Sachs also provided insights on the healthcare and consumer durables sectors, respectively, highlighting growth prospects and market trends.
Hot Stocks: Brokerages view on Aurobindo Pharma, Apollo Hospitals, Suzlon & Titan Company
Top brokerage firms like Macquarie maintained an outperform rating on Aurobindo Pharma, raising the target price to Rs 1,385. Aurobindo Pharma signed a master service agreement with Merck Sharp & Dohme, leading to a biologics CMO contract with TheraNym.
Apollo Hospitals Q4 Results: Net profit rises 76% YoY to Rs 254 crore
Revenue grew 15% YoY to Rs.4,944 crore in Q4FY24. The earnings before interest, tax, depreciation and ammortisation (EBITDA), EBITDA rose 31% YoY to Rs.640 crore in Q4FY24. The EBITDA margins expanded 161 basis points YoY to 12.95%.
Apollo Hospitals Q4 Results: Net profit soars 77% YoY to Rs 258 crore; revenue jumps 15%
Apollo Hospitals Q4 Results: Revenue from operations for the January-March 2024 period increased 15% YoY to Rs 4,944 crore. The company's board has recommended a final dividend of Rs 10 per share for FY24. EBITDA for the fourth quarter stood at Rs 640 crore in the reporting March quarter, compared with Rs 488 crore in the same quarter a year earlier.
Apollo Hospitals Q4 results today: What to expect
Apollo Hospitals is expected to post healthy growth in core earnings for the quarter ended March 2024 due to improved ARPOB and Healthco operations. Analysts predict a 68% year-on-year growth in net profit for the fourth quarter.
Apollo Tyres shares jump 7% post Q4 results. Should you buy or sell?
Apollo Tyres' shares rose by 7% to Rs 508 in Thursday's trading session on the BSE, despite the company posting modest financial results for the March quarter of FY24. Although the firm reported a 13.7% year-on-year (YoY) decrease in net profit, amounting to Rs 354 crore compared to Rs 410.3 crore in the same quarter last year, brokerage firms maintained a largely optimistic outlook on the stock.
Apollo 24|7 to raise ₹2,475 crores from Advent; merges Keimed into digital arm
Apollo 24/7 is valued at an enterprise value of Rs 14,478 crores. Keimed is valued at an enterprise value of Rs 8,003 crores. Following merger, Keimed shareholders would hold a maximum of 25.7% stake in the combined entity, while AHEL would continue to remain the largest controlling shareholder with at least 59.2% stake.
PE Advent International queues up for a stake in Apollo 24/7
Apollo 24/7 is part of Apollo HealthCo, a subsidiary of Apollo Hospitals. HealthCo also houses the pharmacy distribution business and a 25.5% interest in Apollo Pharmacy. It accounts for about 40% of Apollo Hospitals’ revenue.
Online preventive health check-ups set to grow 50% in January-March tax saving season: Simpl
Starting January, millions of salaried employees across India make their investment and expense declarations to save on taxes.
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