Max Healthcare shares down 0.35% as Sensex rises

The stock opened at Rs 848.0 and has touched an intraday high and low of Rs 848.35 and Rs 833.1 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 73.46, 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 May 17, while FII and MF ownerships stood at 57.33 per cent and 12.33 per cent, respectively.

Key Financials
With a market capitalisation of Rs 82437.89 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 58.65. 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.