BUZZ-India's Apollo Hospitals rises on quarterly profit estimate beat

Jpmorgan Chase

Jpmorgan Chase

JPM

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** Shares of Apollo Hospitals APLH.NS up 1.2% at 8,175 rupees

** The hospital operator posts 36% higher fourth-quarter consol net profit at 5.29 billion rupees, beating analysts' expectations of 4.79 billion rupees, according to LSEG-compiled data

** Company says it would sell its fertility and maternity units to Kids Clinic India (Cloudnine) in a deal valued at about 15.5 billion rupees

** JP Morgan ("Overweight"; PT: 9,800 rupees) lower-than-expected digital health losses signal potential cash breakeven next quarter

** Macquarie ("Underperform"; PT: 6,230 rupees) says fertility unit sale valuation appears "underwhelming" at ~25x two-year forward EBITDA

** Stock rated as "buy" on average by 26 analysts; median PT at 8,975 rupees, as per data compiled by LSEG

** YTD, stock up ~16%


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