Buy Max Healthcare, target price Rs 780: Motilal Oswal

Motilal Oswal has buy call on Max Healthcare with a target price of Rs 780. The current market price of Max Healthcare Institute is Rs 682.

Max Healthcare Institute Ltd., incorporated in the year 2001, is a Small Cap company (having a market cap of Rs 66208.34 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-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 1408.64 Crore, up 6.21 % from last quarter Total Income of Rs 1326.31 Crore and up 21.13 % from last year same quarter Total Income of Rs 1162.94 Crore. Company reported net profit after tax of Rs 276.68 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 23.76 per cent stake in the company as of 30-Sep-2023, while FIIs owned 60.39 per cent, DIIs 11.4 per cent.