Shares of Max Healthcare gained 0.41% as Nifty rallied

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Shares of Max Healthcare gained 0.41% as Nifty rallied

New Delhi: Shares of Max Healthcare Institute Ltd rose 0.41 percent at 11:01 am (IST) on Wednesday. About 10,600 shares changed hands over the counter.

Scrip Rs. 930.05 and in the session so far closed at Rs. 930.05 and Rs. An intra-day high and low of 912.7 was touched. Company share of Max Healthcare Institute Ltd. Rs. 979.8 to a 52-week high of Rs. It hit a 52-week low of 509.05.

At the time of writing this report, Max Healthcare Institute Ltd has a total market cap of Rs. 88988.3 crores.

Chief Financial Officer

For the quarter ended 31-Mar-2024, the company posted Rs. 1468.15 crore reported consolidated net sales, up from the previous quarter’s Rs. 1380.99 crore as against 6.31 percent and year-ago quarter’s Rs. 1254 was 17.01 percent more.

Net profit in the latest quarter was Rs. 251.54 crore, which is 0.25 percent higher than the same quarter last year.

Shareholding pattern

As on 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 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 high P/E ratio indicates that investors are willing to pay a high price due to expectations of better future growth. Price-to-book value indicates a company’s intrinsic value and is a measure of the price that investors are willing to pay even if the business is not growing.

Max Healthcare Institute Limited belongs to Hospital industry.

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