Apollo Hospitals is India’s largest listed hospital company and more interestingly it is transforming itself to a online healthcare service provider. Apart from hospitals, the company has a thriving pharmacy business which has done exceedingly well particularly during the lockdown period. Post lifting of lockdown, occupancy at its hospitals is gradually improving. We have a neutral weight rating as long term prospects are good once normalcy is restored. The management has completed a large capex from 2014-18 which should reap benefits from now onwards. India’s demographic favor increased spending on healthcare. Main risk factor is government interference in pricing and low RoC – 24-08-2021 Price: 4843.10 Rating: Neutral Weight Recommendation: Hold
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