SP Tulsian positive on Apollo Hospitals

Published on Fri, Dec 23, 2011 at 19:18 |  Source : CNBC-TV18

Updated at Fri, Dec 23, 2011 at 19:43  

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SP Tulsian, sptulsian.com

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SP Tulsian, sptulsian.com is positive on Apollo Hospitals .

Tulsian told CNBC-TV18, "I have been maintaining my positive view on Apollo Hospitals, in fact there was one positive news, one contradictory news that promoters have subscribed the shares at a lower price, since that clarification has come that the subscription was made when the face value was Rs 10 and accordingly the share issue - price was adjusted to about Rs 370 and odd, if you take the case of this company, 8000 beds and about 55-56 hospitals and one of the largest hospital in Asia. So obviously, the kind of growth they have been consistently posting and maybe the performance going ahead, probably I am keeping my positive view on the stock and expect maybe about 20% rise from hereon in next 6-8 months time."

  

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