Max Healthcare Share Price: Max Healthcare share price up 5.13 per cent

Shares of Max Healthcare Institute Ltd. traded 5.13 per cent up at Rs 799.4 at around 10:00AM (IST) on Wednesday. The stock had closed at Rs 760.35 in the previous session. Equity benchmark Sensex traded 258.07 points higher at 73996.52 around the same time. The scrip has climbed 77.66 per cent in the last one year till date, while the 30-share index has gained 23.65 per cent during the same period.

The stock’s 52-week high price stood at Rs 909.0 and the 52-week low price at Rs 435.1.

Trading volume on the counter stood at 32,047 shares, while it quoted a price-to-earnings ratio of 72.91, an EPS value of 10.88 and a price-to-book value of 5.78. In the Nifty50 pack, 39 stocks traded in the green, while 11 stocks were in the red.

Promoter/FII Holding
Promoters held 23.75 per cent stake in the company as of 31-Mar-2024, while foreign institutional investors and MF ownership stood at 57.33 per cent and 12.33 per cent, respectively.

Key Financials
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 year-ago quarter’s Rs 1186.39 crore. The company reported net profit of Rs 289.34 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.