Apollo Hospitals to replace Indian Oil in Nifty 50 from March 31, share price up 7.55%

Apollo Hospitals share price up 7.55%
Share Price (Image: Canva)

Today the share price of Apollo Hospitals Enterprise was trading up almost 7.55% at Rs 4,648.00. The National Stock Exchange (NSE) has announced that the stock of Apollo Hospitals Enterprise will be included in the Nifty 50 benchmark index from March 31, 2022.

Apollo Hospitals Enterprise will become the first-ever health care services company to be a part of Nifty 50. Apollo Hospitals will replace Indian Oil Corporation (IOC) in the Nifty 50 index.

Once included in the Nifty 50 Index, Apollo Hospitals Enterprise will have strong inflows through Index Funds and ETFs whose underlying benchmark is Nifty 50.

Established in 1983, Apollo Hospitals Enterprise is headquartered in Chennai and is also India’s first corporate health care provider.

The company’s share price has almost increased by 51% in the last one year.

52 Week High5,935.40
52 Week Low2,787.50
Sector PE101.08
Face Value5
Dividend Yield0.06
Mkt Cap (Rs. Cr.)66,621
Book Value Per Share333.57
Net Profit 2021 (Rs. Cr.)136
Debt to equity (2021)0.54
Revenue 2021 (Rs. Cr.)10,560
Dividend/Share (INR) (Mar 2021)3.00
Promoters holding29.33%

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This article is only for education purpose and the author has his own views and research, so if you invest in these stocks then do it at your own risk and do the research yourself before investing.

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