Max Healthcare shares up 2.62% as Sensex rises
Max Healthcare Institute Ltd. gained 2.62 per cent to Rs 665.9 in Tuesday's session as of 10:10AM (IST) even as the equity benchmark Sensex traded 161.56 points higher at 71268.52.
Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 731.9 and a 52-week low of Rs 412.0 on NSE. Around 6369 shares changed hands on the counter till 10:10AM (IST).
The stock opened at Rs 656.9 and has touched an intraday high and low of Rs 667.3 and Rs 652.0 during the session so far.
The stock quoted a price-to-earnings (PE) ratio of 65.43, earnings per share (EPS) of Rs 10.19 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 23.76 per cent stake in the company as of December 26, while FII and MF ownerships stood at 60.39 per cent and 10.55 per cent, respectively.
Key Financials With a market capitalisation of Rs 64780.12 crore, the company operates in the Hospital industry.
For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 1408.64 crore, up 6.21 per cent from the previous quarter?s Rs 1326.31 crore and up 21.13 per cent from the same quarter a year ago. The company reported net profit of Rs 276.68 crore for the latest quarter, down 39.5 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 54.16.
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
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