Max Healthcare shares up 1.17% as Nifty gains
A total of 12,983 shares changed hands on the counter till 10:30AM (IST).
NEW DELHI: Shares of Ltd. traded 1.17 per cent up in Tuesday's trade at 10:30AM (IST). Around 12,983 shares changed hands on the counter.The stock opened at Rs 828.15 and touched an intraday high and low of Rs 833.3 and Rs 819.8, 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 434.25.
Total market cap of the Institute Ltd. stood at Rs 80481.77 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 corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, DIIs 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 76.14 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
