Buy Metropolis Healthcare, target price Rs 1969: BNP Paribas Securities

BNP Paribas Securities has buy call on Metropolis Healthcare Ltd. with a target price of Rs 1969. The current market price of Metropolis Healthcare is Rs 1706.1.

Metropolis Healthcare Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 8748.99 Crore) operating in Hospitals & Allied Services sector.

Metropolis Healthcare Ltd. key Products/Revenue Segments include Service Income for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 293.42 Crore, down -5.26 % from last quarter Total Income of Rs 309.72 Crore and up .46 % from last year same quarter Total Income of Rs 292.08 Crore. Company reported net profit after tax of Rs 27.29 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 49.74 per cent stake in the company as of 31-Dec-2023, while FIIs owned 21.66 per cent, DIIs 20.73 per cent.