Apollo Hospitals shares surge 4% as board clears plan to list pharmacy, digital health business

Shares of Apollo Hospitals Enterprises experienced a notable surge of 4 percent, reaching Rs 7,555 during today's trading session. This uptick follows the company's announcement that its board has approved a strategic plan to list its pharmacy and digital health businesses. Investors reacted positively to this development, anticipating enhanced value and growth prospects from the spin-off. The decision to list these segments separately reflects Apollo Hospitals' intention to capitalize on the growing demand for digital health solutions and pharmacy services. The move is expected to unlock shareholder value by allowing each business to pursue tailored strategies and attract dedicated investment. Analysts suggest that this separation could enable better focus and agility, positioning both businesses for accelerated growth in their respective markets. Apollo Hospitals' management emphasized that the listing decision aligns with their broader vision of expanding healthcare accessibility and innovation. By independently listing the pharmacy and digital health units, the company aims to leverage emerging opportunities in the healthcare sector. This strategic move is likely to attract investors looking to tap into the burgeoning digital health landscape, further driving the company's market performance.

— Authored by Next24 Live