Reduce Vijaya Diagnostic Centre, target price Rs 590: ICICI Securities

ICICI Securities has reduce call on Vijaya Diagnostic Centre with a target price of Rs 590.0. The current market price of Vijaya Diagnostic Centre Ltd. is Rs 646.9.

Vijaya Diagnostic Centre Ltd., incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 6613.64 Crore) operating in Hospitals & Allied Services sector.

Vijaya Diagnostic Centre Ltd. key Products/Revenue Segments include Hospital Services and Scrap for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 145.61 Crore, up 14.87 % from last quarter Total Income of Rs 126.76 Crore and up 17.38 % from last year same quarter Total Income of Rs 124.05 Crore. Company reported net profit after tax of Rs 33.57 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 54.9 per cent stake in the company as of 30-Sep-2023, while FIIs owned 20.68 per cent, DIIs 18.64 per cent.