Buy Metropolis Healthcare, target price Rs 3000: IIFL

IIFL has buy call on Metropolis Healthcare with a target price of Rs 3000. The current market price of Metropolis Healthcare is Rs 2909.05.

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 14877.97 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 30-06-2021, the company reported a Consolidated Total Income of Rs 330.53 Crore, up 12.50 % from last quarter Total Income of Rs 293.80 Crore and up 125.95 % from last year same quarter Total Income of Rs 146.28 Crore. Company reported net profit after tax of Rs 74.92 Crore in latest quarter.

Investment Rationale
Stock has given an double bottom breakout on the daily chart.

Promoter/FII Holdings
Promoters held 50.33 per cent stake in the company as of 30-Sep-2021, while FIIs owned 30.72 per cent, DIIs 12.26 per cent.