From hospitals to diagnostics: Check why Motilal Oswal says CONGO strategy is gamechanger
Motilal Oswal maintains 'Buy' rating on Apollo Hospitals with target price of Rs 9,015 due to expected 32% growth in the next 12 months. The company is expanding its healthcare services through various channels and has seen an increase in oncology share to 17%. Management is focused on the CONGO strategy for profitable revenue growth, but faces challenges in the Eastern and North clusters.