Max Healthcare shares up 0.74% as Nifty gains
A total of 7,964 shares changed hands on the counter till 09:59AM (IST).
NEW DELHI: Shares of Ltd. traded 0.74 per cent up in Wednesday's trade at 09:59AM (IST). Around 7,964 shares changed hands on the counter.The stock opened at Rs 839.95 and touched an intraday high and low of Rs 845.9 and Rs 836.7, respectively, in the session so far. The stock of Ltd. quoted a 52-week high of Rs 909.0 and a 52-week low of Rs 505.35.
As per , the total market cap of the Institute Ltd. stood at Rs 81635.78 crore at the time of writing this report.
Key Financials
The company reported consolidated net 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 same quarter a year ago.
Shareholding pattern
As of 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 the promoters 23.75 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 77.23 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
