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MAX HEALTHCARE INSTITUTE Plunges 3%; BSE HEALTHCARE Index Down 0.0%
Tue, 2 Jul 10:9

MAX HEALTHCARE INSTITUTE Plunges 3%; BSE HEALTHCARE Index Down 0.0%Image source: ThinkNeo/www.istockphoto.com

MAX HEALTHCARE INSTITUTE share price has plunged 3% and is presently trading at Rs 928.4.

Meanwhile, the BSE HEALTHCARE index is at 37,250.7 .

Among the top losers in the BSE HEALTHCARE index today are KIMS (down 1.2%) and SUVEN PHARMACEUTICALS (down 1.1%).

ALEMBIC PHARMA (up 3.6%) and ERIS LIFESCIENCES (up 2.4%) are among the top gainers today.

Over the last one year, MAX HEALTHCARE INSTITUTE has moved up from Rs 604.5 to Rs 928.4, registering a gain of Rs 324.0 (up 53.6%).

On the other hand, the BSE HEALTHCARE index has moved up from 25,634.3 to 37,250.7, registering a gain of 45.3% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Glenmark Pharma (up 85.7%), Cadila Healthcare (up 83.8%) and Lupin (up 83.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,466.4 .

The top losers among the BSE Sensex today are Bajaj Finance (down 2.1%) and Kotak Bank (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,136.5 . HDFC LIFE INSURANCE and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,466.4, registering a gain of 15,551.0 points (up 24.3%).

MAX HEALTHCARE INSTITUTE Financial Update...

MAX HEALTHCARE INSTITUTE net profit grew 0.2% YoY to Rs 2,515 million for the quarter ended March 2024, compared to a profit of Rs 2,509 million a year ago. Net sales rose 17.2% to Rs 14,229 million during the period as against Rs 12,145 million in January-March 2023.

For the year ended March 2023, MAX HEALTHCARE INSTITUTE reported 82.4% increase in net profit to Rs 11,035 million compared to net profit of Rs 6,051 million during FY22. Revenue of the company grew 15.9% to Rs 45,626 million during FY23.

The current Price to earnings ratio of MAX HEALTHCARE INSTITUTE, based on rolling 12 month earnings, stands at 85.3.


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