Share price of Max Healthcare falls as Sensex drops 198.56 points

Share price of Max Healthcare Institute Ltd. dropped 0.99 per cent to Rs 530.9 at 01:09PM (IST) in Friday's trade. The stock hit a high of Rs 540.85 and low of Rs 530.0 so far during the session. The stock had closed at Rs 536.2 in the previous session.

The counter had a total traded volume of 01:09PM shares so far with a turnover of Rs 109.0 crore on BSE. The stock traded at a price-to-earnings multiple of 44.04 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 23.76 per cent stake in the company as of 30-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 59.89 per cent and 11.9 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1326.31 crore for the quarter ended 30-Jun-2023, up 5.7 per cent from the previous quarter's Rs 1254.73 crore and up 20.82 per cent from the year-ago quarter's Rs 1097.78 crore.

Its profit for the latest quarter stood at Rs 240.08 crore, up 38.91 per cent from the same quarter a year ago.