Share price of Max Healthcare jumps as Sensex drops 5.27 points

Share price of Max Healthcare Institute Ltd. gained 2.69 per cent to Rs 802.5 at 12:02PM (IST) in Thursday’s trade. The counter hit a high of Rs 809.65 and low of Rs 771.4 so far during the session. The stock had closed at Rs 781.45 in the previous session.

The counter had a total traded volume of 12:02PM shares so far with a turnover of Rs 6.44 crore on BSE. The stock traded at a price-to-earnings multiple of 73.77 and a price-to-book ratio of 5.78.

A higher price-to-earnings 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 23.75 per cent stake in the company as of 31-Dec-2023, while foreign investors and domestic institutional investors ownership stood at 60.69 per cent and 11.55 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 1380.99 crore for the quarter ended 31-Dec-2023, down 1.96 per cent from the previous quarter’s Rs 1408.64 crore and down 16.4 per cent from the year-ago quarter’s Rs 1186.39 crore.

Its profit for the latest quarter stood at Rs 289.34 crore, up 30.09 per cent from the same quarter a year ago.

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