Max Healthcare shares 1.19% as Nifty falls

Shares of Max Healthcare Institute Ltd. rose 1.19 per cent to Rs 979.90 in Tuesday's trade. It hit an intraday high of Rs 987.55 and low of Rs 965.45, respectively, during the day.

The stock quoted a 52-week high price of Rs 1117.05 and low of Rs 562.05.

As of 10:09AM (IST), the counter saw total traded volume of 16,700 shares with a traded value of Rs 1.63 crore, according to NSE.


The stock had closed at Rs 968.30 in the previous session.

The scrip has -1.55 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -5.96999979019165 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 90.48 while price-to-book ratio stood at 9.48. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Hospital industry.

Promoter/FII Holding
Promoters held 23.74 per cent stake in the company as of 30-Sep-2024, while FII and MF ownership in the firm stood at 57.29 per cent and 11.56 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1577.6300 crore for the quarter ended 30-Jun-2024, 7.46 per cent from the previous quarter's Rs 1468.1500 crore and 18.95 per cent from the year-ago quarter's Rs 1326.3100 crore. Its net for the latest quarter stood at Rs 236.27 crore, 1.59 per cent from the same quarter a year ago.