Reduce Max Healthcare Institute, target price Rs 880: HDFC Securities

HDFC Securities has reduce call on Max Healthcare Institute with a target price of Rs 880. The current market price of Max Healthcare Institute is Rs 920.

Max Healthcare Institute Ltd., incorporated in the year 2001, is a Small Cap company (having a market cap of Rs 89187.54 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 31-03-2024, the company reported a Consolidated Total Income of Rs 1468.15 Crore, up 6.31 % from last quarter Total Income of Rs 1380.99 Crore and up 17.01 % from last year same quarter Total Income of Rs 1254.73 Crore. Company reported net profit after tax of Rs 251.54 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 23.75 per cent stake in the company as of 31-Mar-2024, while FIIs owned 57.33 per cent, DIIs 14.96 per cent.