Apollo Hospitals at new high on expansion plans

MUMBAI, Dec 2 (Business Standard): Apollo Hospitals Enterprise has rallied 5 per cent to Rs 637, its lifetime high, on reports that the company is planning to invest about Rs 300 million to increase the number of sugar clinics to 100 in 90 days. "The company already has around 13 sugar clinics, specialty clinics for diabetes management and care. The new ones would mostly be located in the premises of Apollo Hospitals in various parts of the country," a report suggests. The stock has rallied 20 per cent from Rs 533 after the announcement of Q2 results on November 4, compared to a 6-per cent fall in the BSE-200 index. A combined 168,037 shares have changed hands on the counter so far, against an average 60,000 shares traded daily in the past ten trading days on the BSE and NSE.