Max Healthcare shares down 1.2% as Nifty drops

NEW DELHI: Shares of Max Healthcare Institute Ltd. traded 1.2 per cent down in Friday's trade at 01:27PM (IST). Around 14,078 shares changed hands on the counter.

The stock opened at Rs 610.0 and touched an intraday high and low of Rs 611.9 and Rs 602.9, respectively, in the session so far. Shares of the company of Max Healthcare Institute Ltd. quoted a 52-week high of Rs 630.0 and a 52-week low of Rs 306.0.

As per BSE, the total market cap of the Max Healthcare Institute Ltd. stood at Rs 58620.17 crore at the time of writing this report.

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

The net profit for latest quarter stood at Rs 250.92 crore, up 102.8 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2023, domestic institutional investors held 11.32 per cent stake in the firm, while foreign institutional investors held 59.89 per cent and the promoters 23.76 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 53.12 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.