Page 2 - Max Healthcare

5 stocks that look good on charts amid market volatility; check list here

Shares of Glenmark, Chambal Fertilisers, Blue Dart, Max Healthcare and CCL Products may trade with a positive bias in the near-term as these stocks are favourably placed on the technical charts.

Max Healthcare plans to expand bed capacity by at least 30% in FY26

Company inaugurates 300-bed greenfield hospital in Delhi's Dwarka, aims to invest ₹6,500 cr by FY28

Max Healthcare Institute to invest Rs 6,000 cr to add 3,700 beds by 2028

Max Healthcare Institute Ltd will invest Rs 6,000 crore by 2028 to add 3,700 beds across key locations in India, its Chairman and Managing Director Abhay Soi said on Tuesday. Max Healthcare, which operates 22 healthcare facilities with around 5,000 beds currently could have around 30 hospitals by 2028, Soi told PTI. Speaking at the sidelines of the inauguration of Max Super Speciality Hospital, Dwarka, a 300-bed greenfield facility, he said the company will be "reinvesting whatever we generate over the next 10 years to create healthcare assets". "This year alone, we are opening four (hospitals). This (Dwarka) was the first of the four," Soi said. Max Healthcare plans to inaugurate three other hospitals in Mohali, Mumbai, and Saket, New Delhi later this year. The inauguration of the Dwarka hospital is a strategic step in Max Healthcare's broader expansion plan to add 3,700 beds across key locations in India by 2028, the company said. "Some existing hospitals will be expanded and s

India's leading hospitals line up expansion plans with 34,000 new beds

Leading chains plan a Rs 40K crore infra revival to close capacity gap over next 3-5 years

Max Healthcare rallies 20% in 5 days; nears record high on healthy outlook

On March 12, Max Healthcare board approved the proposal to enter into a Long-term Service Agreement with Bharat Prakritik Chikitsa Mission, a society which is setting up a 200-bed hospital in Delhi

Max Healthcare share rises 3% as UBS upgrades to 'Buy', lifts target price

According to reports, UBS said that Max Healthcare is well-positioned for earnings growth, with solid foundations in place

Max Healthcare Q3 results: PAT drops 17.4% to Rs 289 cr, revenue up 40%

Hospital chain to set up 500 bed hospital in Thane on built-to-suit basis, focus on brownfield expansion

Max Healthcare Q2: Net profit up 1.9% at Rs 281.81 cr, revenue rises 25%

Hospital chain's average revenue per occupied bed increases 2% at Rs 76,100

ACC, 2 pvt banks among 8 midcap stocks turn favourable on tech charts

The Nifty MidCap index has gained 3% from its recent low in the last three days. Amid this these 8 stocks have seen key momentum oscillators turn favourable on the daily chart.

NCLAT closes proceedings against JHL as Max Healthcare settles claims

The National Company Law Appellate Tribunal (NCLAT) has closed the insolvency proceedings against Jaypee Healthcare after the financial creditors' dues were settled by Max Healthcare. The appellate tribunal's direction to close the Corporate Insolvency Resolution Process (CIRP) against Jaypee Healthcare Ltd (JHL) came after the financial creditor submitted that they had received the amount of Rs 1,035.29 crore as part of the settlement and no claim had survived. "In view of the fact that the entire claim has now been satisfied and the amount deposited has been disbursed, we see no reason to continue the CIRP any further," said the NCLAT order passed on Thursday. CIRP against JHL was initiated by the Allahabad bench of the National Company Law Tribunal (NCLT) on June 14 this year, over a petition filed by its lead creditor JC Flowers Asset Reconstruction Ltd. This was challenged by the Manoj Gaur-led parent group firm Jaypee Infratech Ltd (JAL) before the appellate tribunal ...

Higher sales, occupancy to improve profit trajectory of Max Healthcare

Acquisitions, organic growth to improve profit trajectory

Max Healthcare market cap tops Rs 1 trillion; shares rally 31% in 1 month

At 09:58 AM, with Rs 1.07 trillion market cap, Max Healthcare was trading 4 per cent higher at Rs 1,099.65, as compared to 0.13 per cent gain in the benchmark index.

Stocks To Watch: HDFC Bank, Adani Total, Max Health, IIFL Finance, APSEZ

Stocks to Watch: Indian markets were likely to start on a positive note on Monday, as indicated by GIFT Nifty futures that were at 25,900, around 150 points ahead of Nifty futures' last close.

Exploring opportunities of growth in various cities across India: Abhay Soi

Max Healthcare is on an expansion spree planning to add 3500 beds in 3 yrs

Max to buy 64% stake in Jaypee Healthcare at Rs 1,660 cr valuation

Move to help Max establish foothold in North India region

Max to acquire 64% stake in Jaypee Healthcare at Rs 1,660 cr valuation

Max Healthcare Institute on Friday said it will acquire 64 per cent stake in struggling Jaypee Healthcare for an enterprise value of Rs 1,660 crore. The company has entered into a strategic agreement with Lakshdeep Group, the promoter of Jaypee Healthcare Ltd (JHL) which is undergoing Corporate Insolvency Resolution Process (CIRP), Max Healthcare said in a regulatory filing. The collaboration and proposed acquisition will give Max Healthcare a controlling stake in JHL, including its flagship asset, the 500-bed Jaypee Hospital in Noida, it added. Under the agreement, Max shall organise debt for repayment of admitted claims of the financial creditors of JHL and proposes to simultaneously acquire 64 per cent stake in the company, with call and put option for the remaining stake, it said. The acquisition is based on an enterprise value of Rs 1,660 crore, reflecting JHL's strong market position, which includes two operational hospitals -- 500-bed Jaypee Hospital, Noida and 200-bed Jayp

Max Healthcare Q1 results: Net profit drops 1.6%, revenue up by 20%

Max to invest Rs 230 crore to set up 250 bed hospital in Mohali

Max Healthcare Q1 results: Net profit increases marginally to Rs 295 cr

Max Healthcare Institute on Thursday said its profit after tax rose marginally to Rs 295 crore for the first quarter ended June 30, 2024. The healthcare firm had reported a profit after tax of Rs 291 crore in the April-June quarter of last fiscal. Gross revenue increased to Rs 2,028 crore for the period under review from Rs 1,719 crore in the year-ago period, Max Healthcare Institute said in a statement. "With the launch of Max Super Specialty Hospital, Dwarka, we have added over 900 beds to our capacity so far and have successfully supplemented the momentum of growth in revenues and profitability before augmentation of bed capacity through brownfield expansion plans in FY26," Max Healthcare Institute Chairman and Managing Director Abhay Soi stated. Meanwhile, consistent performance in existing hospitals and encouraging response to offerings at new units are providing the company with confidence to further pursue growth opportunities, including newly entered built-to-suit arrangeme

Suven Pharma, Max Health can rally up to 9%: Angel One

Rajesh Bhosale, Equity Technical Analyst at Angel One, expects the Nifty to move in the this 23,200 - 23,600 range this week.

Major private hospital chains see rise in revenues per bed in FY24

They are on an expansion spree and guided for more bed additions in FY25