Max Healthcare shares up 0.18% as Nifty gains
A total of 18,705 shares changed hands on the counter till 11:36AM (IST).
NEW DELHI: Shares of Ltd. traded 0.18 per cent up in Tuesday's trade at 11:36AM (IST). Around 18,705 shares changed hands on the counter.The scrip opened at Rs 768.95 and touched an intraday high and low of Rs 769.45 and Rs 758.2, respectively, in the session so far. Shares of the company of Ltd. quoted a 52-week high of Rs 909.0 and a 52-week low of Rs 435.1.
Total market cap of the Institute Ltd. stood at Rs 73962.53 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 1380.99 crore for the quarter ended 31-Dec-2023, down 1.96 per cent from previous quarter's Rs 1408.64 crore and down 16.4 per cent from the year-ago quarter's Rs 1186.39 crore.
The net profit for latest quarter stood at Rs 289.34 crore, up 30.09 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, DIIs held 24.66 per cent stake in the firm, while foreign institutional investors held 114.66 per cent and the promoters 47.5 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 69.97 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.
Institute Ltd. belongs to the Hospital industry.
Source: Stocks-Markets-Economic Times
