Apollo Hospitals Stock up by 12 percent – why is it going UP?

• Author: Geetha
• Filed under: Mutual Fund, Tips
• Date: Dec 29,2009

Apollo Hospital stock is something i was thinking a lot today , just that im in and out of the apollo hospital for 2 days now for check up and other reasons , they have kind of started centers across various places all over india, which is kind of normal service which would lead to bigger hospitals , First i was under impression of who would go there now i know they are really doing very good business there.They are doing normal lab test and also they are taking care of general visits , for sure i know most of the IT professionals prefer it because of the cleanliness and also the hospitality , no offence any place is good any doctors are good when the doctor is doing his duty and there is also some cleaniliness in the place.That told Apollo Hospital has both and sure IT people pay double of what they pay outside, this is just from the scenario what i saw in 2 days ,This is specially in chennai .
Anyway it gained Rs.70.35 (11.86 percent). The company opened its stock today at Rs.602 and touched the 52-week high value of Rs.694 in the afternoon trade. Overall 333,072 shares were traded throughout the day with a current P/E ratio at 29.65.May be the stock has gone up a lot , if you want to still buy the stock then may be go for the fund which is holding a lot of it .Franklin Pharma Fund holds 59,535 units of Apollo Hospitals.
As of 24/12/2009

Franklin Pharma Fund Dividend Plan Rs. 25.4069
Franklin Pharma Fund Growth Plan Rs. 48.0103