Apollo Hospitals Q2 profit rises 33.5% to Rs 659.5 crore

Apollo Hospitals Enterprise reported a 33.5% rise in Q2 profit, and the daily chart shows the stock recovering from an 18% correction. Apollo Hospitals Enterprise Limited [ APOLLOHOSP] reported Q2 consolidated profit of Rs 659.5 crore, up 33.5% from Rs 494 crore a year ago. Revenue rose 23% to Rs 7,614.9 crore from Rs 6,188.8 crore. The stock may stay in focus today, 5 November 2026, after the previous session closed with a gain of over 3%. On the daily chart, the stock fell nearly 18% from the 22 September high to the 24 October low. The fall stopped near the rising trendline drawn from 2023, and the price has since recovered most of the loss. The long-term pattern of higher highs and higher lows is still intact. The price has moved back above the 100-day SMA near 8,590. RSI near 63 shows improving momentum without an overbought reading. What next: Immediate support is placed near 8,000, and 7,465 remains the key level for the larger structure. On the upside, 9,071 is the key resistance. A close above it may confirm a fresh breakout. Failure near that zone may keep the stock in a range. Conclusion: The structure remains positive, with results adding support. Reaction near 9,071 may decide the next phase. Disclaimer: I, Akhilesh Jat (SEBI RA Reg. No. INH000016649), do not hold any position in the stock discussed. This content is informational, not a recommendation. Investments in securities are subject to market risks. Read all related documents carefully before investing.