Max Healthcare shares up 0.41% as Nifty gains

NEW DELHI: Shares of Max Healthcare Institute Ltd. traded 0.41 per cent up in Wednesday's trade at 11:01AM (IST). Around 10,600 shares changed hands on the counter.

The scrip opened at Rs 930.05 and touched an intraday high and low of Rs 930.05 and Rs 912.7, respectively, in the session so far. Shares of the company of Max Healthcare Institute Ltd. quoted a 52-week high of Rs 979.8 and a 52-week low of Rs 509.05.

Total market cap of the Max Healthcare Institute Ltd. stood at Rs 88988.3 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1468.15 crore for the quarter ended 31-Mar-2024, up 6.31 per cent from previous quarter's Rs 1380.99 crore and up 17.01 per cent from the year-ago quarter's Rs 1254.73 crore.

The net profit for latest quarter stood at Rs 251.54 crore, up 0.25 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 12.33 per cent stake in the company, while foreign institutional investors held 57.33 per cent and the promoters 23.75 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 84.14 and a price-to-book ratio of 9.48. 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.