Buy Healthcare Global Enterprises, target price Rs 292: ICICI Securities

ICICI Securities has buy call on Healthcare Global Enterprises with a target price of Rs 292. The current market price of Healthcare Global Enterprises is Rs 227.5.

Time period given by analyst is one year when Healthcare Global Enterprises Ltd. price can reach defined target.
Healthcare Global Enterprises Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 3117.28 Crore) operating in Hospitals & Allied Services sector.


Healthcare Global Enterprises Ltd. key Products/Revenue Segments include Income from Medical and Healthcare Services, Pharmaceuticals, Other Operating Revenue and Grants for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 355.26 Crore, up 8.78 % from last quarter Total Income of Rs 326.58 Crore and up 41.02 % from last year same quarter Total Income of Rs 251.93 Crore. Company reported net profit after tax of Rs 100.99 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 68.4 per cent stake in the company as of 06-Dec-2021, while FIIs owned 7.81 per cent, DIIs 7.6 per cent.