NEW DELHI, Aug. 23 -- Shares of Apollo Hospitals Enterprise Ltd have gained 10% since it announced its June quarter results on 13 August.
With the performance reassuring investors on asset optimization and profit metrics, the stock hit a new 52-week high of '1,4687 on Friday.
Losses the company's new ventures, housed under Apollo Health and Lifestyle Ltd, reduced significantly.
And, higher revenues at its pharmacy and hospitals improved operating earnings by 27%.
Consolidated profit margins rose to 11.4% year-on-year, taking it to the highest levels in recent quarters.
However, the quarter saw a moderation in inpatient growth compared to the year-ago period. "Inpatient volume growth moderated in the quarter to 5.9% for the healthcare b...