Max Healthcare shares up 1.13% as Nifty gains
A total of 46,156 shares changed hands on the counter till 10:05AM (IST).
NEW DELHI: Shares of Ltd. traded 1.13 per cent up in Thursday's trade at 10:05AM (IST). Around 46,156 shares changed hands on the counter.The scrip opened at Rs 820.5 and touched an intraday high and low of Rs 822.95 and Rs 797.55, 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 412.0.
Total market cap of the Institute Ltd. stood at Rs 79194.1 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 same quarter a year ago.
Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 10.62 per cent stake in the company, while foreign institutional investors held 60.69 per cent and the promoters 23.75 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 74.92 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
