Shares of Max Healthcare Institute Ltd. rose 0.57 per cent to Rs 580.0 in Tuesday’s trade as of 10:30AM (IST) even as the benchmark Nifty ruled at 19818.15, up 86.4 points. The scrip had closed at Rs 576.7 in the previous session. The stock quoted a 52-week low of Rs 388.85 and a high of Rs 630.0. The company quoted a market-cap of Rs 56351.66 crore on the BSE. On BSE, 6,348 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 48.13 times its trailing 12-month EPS of Rs 12.05 per share and 5.78 times its book value. The return on equity (ROE) stood at Rs 14.97.
For the quarter ended 30-Jun-2023, Max Healthcare Institute Ltd. reported consolidated sales of Rs 1326.31 crore, up 20.82 per cent from the same quarter a year ago. The company reported 38.91 per cent YoY growth in net profit at Rs 240.08 crore for the latest quarter.
The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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 a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.
