Max Healthcare shares down 0.35% as Sensex rises
Max Healthcare Institute Ltd. fell 0.35 per cent to Rs 845.25 in Friday's session as of 01:58PM (IST) even as the equity benchmark Sensex traded 286.34 points higher at 73950.06.
Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 909.0 and a 52-week low of Rs 505.35 on NSE. Around 9449 shares changed hands on the counter till 01:58PM (IST).
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
