Motilal Oswal reiterates ’buy’ rating for Max Healthcare, expects 15% upside
1 year, 3 months ago

Motilal Oswal reiterates ’buy’ rating for Max Healthcare, expects 15% upside

Live Mint  

Domestic brokerage, Motilal Oswal Financial Services, reiterates 'buy' rating for Max Healthcare with a target price of ₹660, and sees an potential upside of 15% for the stock from Wednesday's close price of ₹575. Max Healthcare's share price is presently trading at 24x FY25E enterprise value /earnings before interest, taxes, depreciation, and amortisation, according to the brokerage, which is higher than the company's historical average of 22x. The report states that in FY23/1QFY24, Max Healthcare's EBITDA per bed was ₹6.4 m/ ₹6.7 m. EBITDA per bed for Rainbow Childrens Medicare Ltd in FY23/1QFY24 was ₹6.0/6.6 m, placing it second overall. "However, we expect Max Healthcare to continue trading at a premium on relative basis, backed by: a) significant land bank availability in high-demand areas of Delhi for brownfield expansion, b) focused approach to improve profitability per bed, and c) proven capability of strong turnaround of hospital assets," the brokerage said in its report.

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Hospital stocks a bright spot for investors: 3 stocks to add to your watchlist
2 weeks, 5 days ago

Hospital stocks a bright spot for investors: 3 stocks to add to your watchlist

Live Mint  

India’s hospital sector is poised for significant growth on account of government-led interventions and policies like the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana and the Ayushman Bharat Digital Mission. Max Healthcare Institute Share Price Return: 1 year View Full Image Source: Screener.in Max Healthcare, the second largest hospital network in India, is primarily involved in delivering healthcare services through primary …

Max Healthcare share price hits all-time high; should you buy or book profit?
1 year, 7 months ago

Max Healthcare share price hits all-time high; should you buy or book profit?

Live Mint  

Shares of Max Healthcare Institute rose almost two per cent to hit their fresh all-time high of ₹532.95 in intraday trade on BSE on May 18. As per brokerage firm Nuvama Alternative & Quantitative Research, the inclusion of Max Healthcare Institute in the MSCI Index will lead to an inflow of $295 million into the stock. The brokerage firm underscored …

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