Buy Max Healthcare, target price Rs 395: Motilal Oswal

Chandan Taparia of Motilal Oswal Securities has a buy call on Max Healthcare Institute Ltd. with a target price of Rs 395. The current price of Max Healthcare Institute is Rs 373.7. Chandan Taparia recommends to keep a stoploss at Rs 360.

Max Healthcare Institute Ltd., incorporated in the year 2001, is a Small-Cap company (with a market cap of Rs 36058.73 crore) operating in Hospitals & Allied Services sector.

Max Healthcare Institute Ltd. key Products/Revenue Segments include HealthCare Services, Drugs & Pharmaceuticals and Other Operating Revenue for the year ending 31-Mar-2021.


Investment Rationale
Stock has been making higher highs–higher lows on daily frame and holding well above its 50-DMA.

Financials
For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 1049.64 Crore, up 2.29 per cent from last quarter Total Income of Rs 1026.13 Crore and up 51.84 per cent from last year same quarter Total Income of Rs 691.26 Crore. Company has reported net profit after tax of Rs 144.65 Crore in latest quarter.