Max Healthcare shares up 1.27% as Sensex falls

The stock opened at Rs 739.25 and has touched an intraday high and low of Rs 750.2 and Rs 737.95 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 68.84, earnings per share (EPS) of Rs 10.88 and price to book value (PB) of 5.78, while the return on equity (ROE) stood at Rs 14.97.

Promoter/ FII Holding
The promoters held 23.75 per cent stake in the company as of March 26, while FII and MF ownerships stood at 60.69 per cent and 10.62 per cent, respectively.

Key Financials
With a market capitalisation of Rs 72760.62 crore, the company operates in the Hospital industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 1380.99 crore, down 1.96 per cent from the previous quarter?s Rs 1408.64 crore and down 16.4 per cent from the same quarter a year ago. The company reported net profit of Rs 289.34 crore for the latest quarter, up 30.09 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 45.67. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.