Max Healthcare gains 8%, hits new high post June quarter results

HDFC Securities believes the company is entering a high-growth phase, owing to significant expansion it has planned at strategic locations

Shares of Max Healthcare hit a record high of Rs 309.80 as they rallied 8 per cent on the BSE in intra-day trade on Tuesday after the company reported strong results for the quarter ended June 2021 (Q1FY22), with the highest-ever operating profit and margin. The stock of the healthcare facilities firm surpassed its previous high of Rs 305.50 touched on August 2, 2021.

For Q1FY22, Max Healthcare reported the highest ever network operating Ebitda (earnings before interest, taxes, depreciation, and amortization) at Rs 360 crore, a 37 per cent increase quarter-on-quarter (QoQ). This is the third consecutive quarter of the