News of capping knee implant prices pushes Apollo Hospitals into the red
DSIJ Intelligence / 18 Aug 2017
The scrip of Apollo Hospitals Enterprise was down by over 2% during Friday’s trade on the BSE. This downward rally was sparked off by the news about the government capping knee implant prices in a bid to restrict the exorbitant rates charged by private hospitals.
The scrip of Apollo Hospitals Enterprise was down by over 2% during Friday’s trade on the BSE. This downward rally was sparked off by the news about the government capping knee implant prices in a bid to restrict the exorbitant rates charged by private hospitals.
The government has fixed a price range for knee implants between Rs 54,000 to Rs 1.14 lakh, nearly 70% lower than the current cost.
Apollo Hospitals Enterprise was trading at Rs 1,078 per share, down by Rs 22.30 or 2.03% as at 1102 hours on Friday, on the BSE. The stock traded on a new 52-week low value of Rs 1,065 on Friday. It attracted a traded volume of 6,93,338 shares and traded value of Rs 7,489.92 lakhs on the NSE.
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