Buy Max Healthcare Ins, target price Rs 955: IIFL Securities

IIFL Securities recommends buying Max Healthcare Ins shares at the current market price of Rs 921.1, with a target price of Rs 955. The stock has been showing positive momentum and is expected to continue its upward trend in the coming days. The company's strong fundamentals and growth prospects make it an attractive investment opportunity.

About Max Healthcare Ins:

Max Healthcare Institute Ltd. is a leading provider of healthcare services in India. The company operates a network of hospitals, clinics, and diagnostic centers across the country. Max Healthcare offers a wide range of medical services, including cardiology, oncology, neurology, nephrology, orthopedics, and pediatrics. The company also provides specialized services such as organ transplantation, robotic surgery, and telemedicine. Max Healthcare is committed to providing high-quality, affordable healthcare to its patients. The company has been recognized for its excellence in healthcare by various organizations, including the National Accreditation Board for Hospitals & Healthcare Providers (NABH) and the Joint Commission International (JCI).

52 Week Price Trend:

Max Healthcare Ins(NSE: MAXHEALTH) is currently trading at Rs. 921.1, significantly higher than its 52-week low of Rs. 411.9. The stock's recent performance indicates a bullish trend, as it has outperformed its 52-week high of Rs. 910. This price action suggests that investors are optimistic about the company's growth prospects and are willing to pay a premium for its shares. However, it is important to note that past performance is not always indicative of future results, and investors should conduct their research before making investment decisions.

Stratzy's MOST Analysis:

MAXHEALTH has been rated AA by Stratzy's MOST framework, indicating a low fundamental risk. The MOST framework assesses companies based on Management, Outlook, Safety, and Trend factors. MAXHEALTH's strong performance in these areas suggests that it has a stable management team, a positive outlook for the future, a sound financial position, and a favorable trend in its industry. This AA rating indicates that MAXHEALTH is a relatively safe investment with a low likelihood of significant losses.

Company's Fundamentals:

Max Healthcare Ins (NSE: MAXHEALTH) currently trades at a Stock PE of 76.78, indicating that investors are willing to pay 76.78 times the company's current earnings per share. Its PB Ratio of 10.34 implies that investors are valuing the company at 10.34 times its book value, suggesting a premium valuation relative to its net asset value. Despite its relatively high valuations, Max Healthcare Ins offers a modest Dividend Yield of 0.12%, indicating a focus on growth over dividend distribution. These metrics provide insights into the company's valuation, profitability, and dividend policy, helping investors make informed investment decisions.

Fundamental and Technical information provided in this blog were last updated on 14 Jun, 2024

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