Max Healthcare shares up 1.0% as Nifty gains

NEW DELHI: Shares of Max Healthcare Institute Ltd. traded 1.0 per cent up in Thursday's trade at 11:37AM (IST). Around 22,549 shares changed hands on the counter.

The counter opened at Rs 736.65 and touched an intraday high and low of Rs 747.95 and Rs 731.95, respectively, in the session so far. The stock of Max Healthcare Institute Ltd. quoted a 52-week high of Rs 747.95 and a 52-week low of Rs 412.0.

Total market cap of the Max Healthcare Institute Ltd. stood at Rs 69987.79 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 1408.64 crore for the quarter ended 30-Sep-2023, up 6.21 per cent from previous quarter's Rs 1326.31 crore and up 21.13 per cent from the year-ago quarter's Rs 1162.94 crore.

The net profit for latest quarter stood at Rs 276.68 crore, down 39.5 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2023, domestic institutional investors held 10.55 per cent stake in the company, while foreign institutional investors held 60.39 per cent and the promoters 23.76 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 70.69 and a price-to-book ratio of 5.78. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Max Healthcare Institute Ltd. belongs to the Hospital industry.