Hospital Stock That Falls Sharply Today, Gained 165% In Past 2 Years, 0.32% Dividend Yield

Apollo Hospitals, a leading hospital chain operator in India, is one of the top losers on NSE today, on June 17. The stock price of Apollo stood at Rs. 3,643.35, falling by 0.55% till 11.22 am. However, this stock can be checked for high returns, considering the stock's previous gains.

The 52 week high range of the stock is Rs. 5,935.40, and 52 week low level of the stock is Rs. 3,141.75. The share price Apollo Hospital has fallen by 23.89% in the past 6 months and fallen by 4.45% in the past 1 month. However, the Indian stock markets have been quite bearish in the said period, due to high inflation and interest rate hikes by major economies including the US and India. Prior to this, during the pandemic, Apollo performed outstandingly. In the last 2 years, the stock price has gained sharply by around 165%, it stood at Rs. 1370.70 on June 19, 2020. Even before that the stock's performance has been remarkable. In the past 5 years, its share price has gained by 184.63%.

Additionally, the stock is also offering a 0.32% Dividend Yield to its shareholders.

NSE market tracker: Apollo Hospital

Current market price	52 week high	52 week low	2 years stock gain
Rs. 3,643.35	Rs. 5,935.40	Rs. 3,141.75	165.00%

Upcoming development

Apollo Hospitals is expecting some sectoral developments soon. Gautam Adani and Apollo Hospitals are also thinking about taking a majority stake in Metropolis Healthcare Ltd., according to Mint, a leading English daily report. The said deal with Metropolis can be around $1 billion, given the market capitalization of Metropolis. So, this can further boost the growth of Apollo, making it a profitable stock investment.

About the stock

Apollo has a large market capitalization of Rs. 52,436 crore. Established in 1983, Apollo Healthcare has a robust presence across the healthcare ecosystem. According to the hospital chain, from routine wellness & preventive health care to innovative life-saving treatments and diagnostic services, Apollo has touched more than 120 million lives from over 120 countries, with above 7000 healthcare specialists. Apollo Pharmacy has over 4000 plus outlets covering the entire nation.