Apollo stock price: The Apollo stock is on a high. No, it's not the pandemic, but the hospital chain's omnichannel play.
Synopsis Lower footfalls and underutilisation during the viral outbreak resulted in most hospitals reporting sharp revenue decline and operational losses. However, Apollo managed to curtail losses due to a good revenue mix and its hospitals’ locations. While the hospital chain had large physical facilities, just before the pandemic, it developed a digital infrastructure, which helped it tide over the crisis. A little over two years ago, in September 2018, the central government launched its flagship healthcare-insurance scheme, Ayushman Bharat. However, private-sector hospitals, which accou...