28 Jan 2025

Apollo Hospitals Shares Trade Higher at Rs. 6704.95; Signs MoU with Mayapada Healthcare Group

Apollo Hospitals Enterprise is trading at Rs. 6704.95, up by 8.80 points or 0.13% from its previous close of Rs. 6696.15 on the BSE.

The stock opened at Rs. 6715.55 and recorded a high of Rs. 6716.35 and a low of Rs. 6640.00 during the day. A total of 1495 shares have been traded so far.

The BSE group 'A' stock, with a face value of Rs. 5, reached a 52-week high of Rs. 7545.10 on 8-Nov-2024 and a 52-week low of Rs. 5690.80 on 4-Jun-2024. In the past week, the stock recorded a high of Rs. 6961.20 and a low of Rs. 6640.00. The company’s market capitalization stands at Rs. 96066.84 crore.

Promoters hold 29.33% of the company’s shares, while Institutions and Non-Institutions own 65.48% and 5.19%, respectively.

In a significant development, Apollo Hospitals Enterprise has signed a memorandum of understanding (MoU) with Mayapada Healthcare Group to provide management expertise in Indonesia. As part of this collaboration, Apollo Hospitals will offer operational services to Mayapada Healthcare's upcoming hospital in Batam, Indonesia.

The partnership aims to leverage advanced technologies, including Tele-Radiology, E-ICU, and artificial intelligence programs, to enhance patient care and accessibility. Apollo Hospitals plans to deploy up to 1,000 specialists, including doctors, nurses, and technicians, to support Mayapada Healthcare's facilities.

Apollo Hospitals Enterprise operates a chain of multi-specialty hospitals, providing services in cardiology, orthopedics, spine surgery, oncology, and more.