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    Share price of Max Healthcare falls as Sensex gains 359.83 points

    Synopsis

    A total of 20,501 shares changed hands on the counter till 02:03PM (IST)

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    Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
    Share price of Max Healthcare Institute Ltd. dropped 0.88 per cent to Rs 600.6 at 02:03PM (IST) in Tuesday's trade. The scrip hit a high of Rs 608.05 and low of Rs 595.95 so far during the session. The stock had closed at Rs 605.95 in the previous session.

    The counter had a total traded volume of 02:03PM shares so far with a turnover of Rs 1.23 crore on BSE. The stock traded at a price-to-earnings multiple of 52.76 and a price-to-book ratio of 5.78.

    A higher P/E ratio shows 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 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.

    Promotor/FII Holding
    Promoters held 23.77 per cent stake in the company as of 31-Mar-2023, while foreign investors and domestic institutional investors ownership stood at 51.96 per cent and 19.36 per cent, respectively.

    Key Financials
    The company reported consolidated net sales of Rs 1254.73 crore for the quarter ended 31-Mar-2023, up 5.76 per cent from the previous quarter's Rs 1186.39 crore and up 30.22 per cent from the year-ago quarter's Rs 963.51 crore.

    Its profit for the latest quarter stood at Rs 250.92 crore, up 102.8 per cent from the same quarter a year ago.
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