Share price of Max Healthcare falls as Sensex gains 172.66 points
Promoters held 23.75 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 57.33 per cent and 12.33 per cent, respectively.
The share price of Ltd. dropped 0.14 per cent to Rs 775.0 at 01:18PM (IST) in Friday's trade. The counter has hit a high of Rs 779.9 and low of Rs 748.45 so far during the session. The stock had closed at Rs 776.1 in the previous session.The counter has had a total traded volume of 21916 shares so far with a value of Rs 1.67 crore on the . It traded at a price-to-earnings multiple of 71.02 and a price-to-book ratio of 5.78.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 65.05 per cent during the past one year, while the 30-share index advanced 21.45 per cent during the same period.
Ltd. belongs to the Hospital industry.
Promotor/FII Holding
Promoters held 23.75 per cent stake in the company as of 31-Mar-2024, while FIIs and domestic institutional investors ownership stood at 57.33 per cent and 12.33 per cent, respectively.
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 the previous quarter's Rs 1408.64 crore and down 16.4 per cent from the year-ago quarter's Rs 1186.39 crore.
Profit for the latest quarter stood at Rs 289.34 crore, up 30.09 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
