Max Healthcare shares down 1.38% as Nifty falls
Max Healthcare Institute Ltd. rose 1.38 per cent to Rs 521.8 in Monday's trade. It hit an intraday high of Rs 529.4 and low of Rs 509.05, respectively, during the day.
The stock quoted a 52-week high price of Rs 630.0 and low of Rs 306.0. As of 01:34PM (IST), the counter saw total traded volume of 17,253 shares with a traded value of Rs 8947.0 crore, according to NSE. The stock had closed at Rs 529.1 in the previous session.
The scrip has declined -13.09 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.1 per cent during the same period. According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 43.42 while price-to-book ratio stood at 5.78. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business. The stock belongs to the Hospital industry.Promoter/FII Holding Promoters held 23.76 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 59.89 per cent and 11.32 per cent, respectively.Key Financials The company reported consolidated sales of Rs 1326.31 crore for the quarter ended 30-Jun-2023, up 5.7 per cent from the previous quarter's Rs 1254.73 crore and up 20.82 per cent from the year-ago quarter's Rs 1097.78 crore. Its net profit for the latest quarter stood at Rs 240.08 crore, up 38.91 per cent from the same quarter a year ago.
. Read more on economictimes.indiatimes.com
