Apollo Hospitals adds to Nifty defensiveness
Business

Apollo Hospitals adds to Nifty defensiveness

By Dan Neff

AHEL, run by Reddy’s four daughters, will also improve the index’s gender diversity quotient. Currently, there are only three other Nifty companies with women CEOs.

Synopsis

The pandemic has seen the benchmark Nifty-50 Index get its first hospital company as a member. Apollo Hospitals Enterprises (AHEL) will be included in the Nifty-50 from March 31, replacing state-owned IOCL. The shares of Apollo Hospitals closed 5.7% higher on the BSE on Friday on the back of the news.

ET Intelligence Group: The pandemic has seen the benchmark Nifty-50 Index get its first hospital company as a member. Apollo Hospitals Enterprises (AHEL) will be included in the Nifty-50 from March 31, replacing state-owned IOCL.

The shares of Apollo Hospitals closed 5.7% higher on the BSE on Friday on the back of the news.

Apollo Hospitals was started in 1983 in Chennai by Dr Prathap Reddy as India’s first corporate hospital. It has grown to

BY

ET Bureau

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Dan Neff