Buy Medplus Health Services, target price Rs 820: HDFC Securities

HDFC Securities has buy call on Medplus Health Services with a target price of Rs 820. The current market price of Medplus Health Services Ltd. is Rs 667.9.

Medplus Health Services Ltd., incorporated in the year 2006, is a Large Cap company (having a market cap of Rs 7993.44 Crore) operating in Retail sector.

Medplus Health Services Ltd. key Products/Revenue Segments include Pharmaceuticals, Sale of services and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1500.96 Crore, up 3.42 % from last quarter Total Income of Rs 1451.26 Crore and up 18.50 % from last year same quarter Total Income of Rs 1266.68 Crore. Company reported net profit after tax of Rs 33.56 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 40.39 per cent stake in the company as of 31-Mar-2024, while FIIs owned 14.94 per cent, DIIs 22.47 per cent.