External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Apollo Hospitals Enterprise / Equity Bottom-Up

<ul><li>Apollo is one of the leading integrated healthcare service provider with avenues like hospitals, pharmacies, primary care &amp; diagnostic clinics</li><li>Apollo reported in line results but it was skewed with hospitals lagging our expectations while pharmacies were a beat on our estimates</li><li>Target Price and Valuation: We value Apollo at Rs 5480 based on SOTP valuation.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Apollo is one of the leading integrated healthcare service provider with avenues like hospitals, pharmacies, primary care &amp; diagnostic clinicsApollo reported in line results but it was skewed with hospitals lagging our expectations while pharmacies were a beat on our estimatesTarget Price and Valuation: We value Apollo at Rs 5480 based on SOTP valuation.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Apollo Hospitals: In Line Quarter; Numbers Trend Pre-Covid Level