Buy Metropolis Healthcare, target price Rs 1735: Yes Securities

Yes Securities has buy call on Metropolis Healthcare with a target price of Rs 1735. The current market price of Metropolis Healthcare is Rs 1525.35. Time period given by analyst is Intra Day when Metropolis Healthcare Ltd. price can reach defined target.

Metropolis Healthcare Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 7804.15 Crore) operating in Hospitals & Allied Services sector.

Metropolis Healthcare Ltd. key Products/Revenue Segments include Service Income and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 311.58 Crore, up 5.38 % from last quarter Total Income of Rs 295.66 Crore and up 6.05 % from last year same quarter Total Income of Rs 293.80 Crore. Company reported net profit after tax of Rs 40.15 Crore in latest quarter.

Investment Rationale
Staged a breakout off a base building pattern around three-digit Gann number of 139(0).

Promoter/FII Holdings
Promoters held 49.79 per cent stake in the company as of 30-Jun-2022, while FIIs owned 23.2 per cent, DIIs 14.5 per cent.