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Apollo Hospitals rating – Add: Hospital business saw stellar performance

Firm best placed to gain from evolving healthcare; ‘Add’ retained with TP of Rs 5,275 APHS continued its stellar recovery in hospitals in Q3FY22, even as pharmacy distribution margins fell short of expectations. Hospital margins (post Ind-AS) have improved from <20% pre Covid to 24.6% in Q3FY22. APHS announced a 2,000-bed expansion across Bengaluru, Mumbai …

Krishna Institute of Medical Sciences’ Rs 2,144-cr IPO opens June 16; price band fixed at Rs 815-825 apiece

Krishna Institute of Medical Sciences IPO comprises fresh issue of equity shares worth up to Rs 200 crore and offer-for-sale (OFS) of 2.35 crore shares Krishna Institute of Medical Sciences’ Rs 2,143.74-crore initial public offering (IPO) will open for subscription next week on June 16, 2021 in the price band of Rs 815-825 per share. …