Espresso Shot of the Day - Max Healthcare Institute Ltd up by 10.93 percent

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Espresso Shot of the Day - Max Healthcare Institute Ltd up by 10.93 percent

April 20, 2022
Espresso Shot of the Day - Max Healthcare Institute Ltd up by 10.93 percent

MAX HEALTHCARE INSTITUTE LTD 410.55 +40.45 (+10.93%) BSE – INE027H01010 | 20THAPRIL 2022

Max Healthcare Institute Limited ("Max Healthcare") is one of India’s largest healthcare organizations. The company operates 17 healthcare facilities (3400+ beds) across NCR Delhi, Haryana, Punjab, Uttarakhand, and Maharashtra. Almost 85% of our bed capacity is in Metro/Tier 1 cities. Apart from hospitals, Max Healthcare also operates a homecare business and pathology business under brand names Max@Home and Max Labs respectively.  Max@Home offers health and wellness services at home while Max Lab provides Pathology Services outside our hospital network. Max Healthcare is promoted and led by Abhay Soi as its Chairman and Managing director and co- promoted by KKR, the iconic Global Private equity fund.


Recent Drivers

  • On Apr 12, 2022, the Company allotted 20,937 equity shares of Rs.10 each fully paid-up under ESOP
  • On Mar 16, 2022, the company appointed Gaurav Trehan as an Additional Director.
  • On Feb 18, 2022, the company reported Net Sales of Rs.974.16 crores in December 2021, up 22.44% from Rs.795.60 crores in December 2020.
  • On Feb 18, 2022, the company reported a Quarterly Net Profit of Rs.189.75 crores in December 2021, up 109.99% from Rs.90.36 crores in December 2020.
  • On Feb 11, 2022, the company announced a deal to acquire Eqova Healthcare for a consideration of Rs.47.18 crores.
  • On Jan 20, 2022, the company announced that it has entered into a long-term services agreement with Muthoot Hospitals for the operations and management of 300+ beds hospital that is being constructed and developed at Sector 10 Dwarka, New Delhi.
(Sources: Moneycontrol, Business Standard, BSE)


Technical Force*

  • S&P BSE 200 month till date gain up by -0.41%
  • Spurt in Volume by more than 3.26 times compare to previous vol. 3 months avg. volume: 240,105
  • Quantity traded: 1, 80,796 | Deliverable Quantity: 72,427 (40.06%)
  • Stock price jumped by more than 100% from a one-year low level: 205.00 (Jun 21, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 472.60 | 52-week-low: 205.00


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

894.53

683.57

562.63

351.67

230.73

19.77

-

    -

Fibonacci Pivot

683.57

556.78

478.45

428.00

351.67

275.33

224.88

146.55

19.77


Today’s Close

410.55

SMA

BSE

10 DAY

369.52

20 DAY

356.99

50 DAY

359.00

200 DAY

352.71


Some Key Ratios (Source: BSE)

Market Cap: 39,807.48 Crores

PE: 131.82

OPM%: 36.65

ROE%: 4.44

Promoters holding%: -

Prev. Close: 370.10



*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.