Max Healthcare shares down 1.91% as Nifty gains
Max Healthcare Institute Ltd. traded 1.91 per cent down in Tuesday's trade at 01:07PM (IST). Around 31,933 shares changed hands on the counter.
The stock opened at Rs 805.65 and touched an intraday high and low of Rs 816.0 and Rs 785.1, respectively, in the session so far. Shares of the company of Max Healthcare Institute Ltd. quoted a 52-week high of Rs 909.0 and a 52-week low of Rs 505.35.
As per BSE, the total market cap of the Max Healthcare Institute Ltd. stood at Rs 78302.12 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 1468.15 crore for the quarter ended 31-Mar-2024, up 6.31 per cent from previous quarter's Rs 1380.99 crore and up 17.01 per cent from the year-ago quarter's Rs 1254.73 crore.
The net profit for latest quarter stood at Rs 251.54 crore, up 0.25 per cent from the same quarter a year ago.
Shareholding pattern As of 31-Mar-2024, domestic institutional investors held 12.33 per cent stake in the company, while foreign institutional investors held 57.33 per cent and the promoters 23.75 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 74.03 and a price-to-book ratio of 9.48. 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.
Max Healthcare Institute Ltd. belongs
