Max Healthcare Share: Max Healthcare Institute has created a new record on Tuesday. The company’s shares have touched a new high of Rs 1,117.05, rising 6 percent in intraday trade on BSE. This is also their 52-week high level. With this, the market value of Max Healthcare has crossed Rs 1 trillion and has joined the top 100 companies of the country. In the last one month, the company’s stock has performed brilliantly and has given a return of 31 percent. During this period, the BSE Sensex has increased by 4 percent.
Hospital sector becomes Rs 3.5 trillion
Shares of Max Healthcare, one of the country’s largest private sector healthcare services companies, have been performing well for quite some time. The company’s market cap has reached Rs 1.07 trillion on Tuesday. By 2 pm, the company’s stock was trading around Rs 1051. India’s healthcare sector is growing rapidly. The government is increasing its expenditure in this direction. Along with this, the demand for health insurance and healthcare services is also increasing. Due to this, the market cap of the hospital sector has also increased to Rs 3.5 trillion in FY 2024, which was only Rs 375 billion in FY 2020. It has increased by about 9 times. It is likely to jump further in the coming years.
The bed capacity of the company increased to 900, revenue also increased
Max Healthcare provides its services through clinics, multi-specialty hospitals, medical centers and super specialty hospitals. These also include third party services. Recently, the merger of Max Hospital Nagpur and Max Hospital Lucknow has also been completed. Due to this, the company’s revenue and profit has also increased in the last financial year. Apart from this, with the launch of Max Super Specialty Hospital, Dwarka, the total bed capacity of the company has also reached 900. The company has planned to increase its capacity to 2400 beds.
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