Shares of Apollo Hospitals Enterprise today plunged over 8 per cent in an overall weak stock market, even as the company reported a 27.30 per cent rise in net profit for the fourth quarter ended March 31, 2013.
After falling over 8 per cent in intra—day trade, shares of the company finally ended at Rs 996.10, down 6.71 per cent from their previous close on the BSE.
At NSE, the stock settled 8.10 per cent lower at Rs 980.
Health care major Apollo Hospitals Enterprise today reported a 27.30 per cent rise in net profit to Rs 75.52 crore for the fourth quarter ended March 31, 2013.
The company had posted a net profit of Rs 59.32 crore for the corresponding period of previous fiscal, the company said in a statement.
Total income of the company stood at Rs 848.29 crore for the current quarter as against Rs 744.56 crore for the same period a year ago.