Max Healthcare Institute rises on getting nod to enter into agreement with BPCM
Max Healthcare Institute is currently trading at Rs. 998.35, up by 8.15 points or 0.82% from its previous closing of Rs. 990.20 on the BSE.
The scrip opened at Rs. 999.50 and has touched a high and low of Rs. 1009.85 and Rs. 979.65 respectively. So far 19077 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1227.50 on 08-Jan-2025 and a 52 week low of Rs. 719.40 on 18-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1012.50 and Rs. 951.05 respectively. The current market cap of the company is Rs. 97223.93 crore.
The promoters holding in the company stood at 23.74%, while Institutions and Non-Institutions held 72.48% and 3.77% respectively.
Max Healthcare Institute has received approval for the proposal to enter into a Long-term Service Agreement (LTSA) with Bharat Prakritik Chikitsa Mission (BPCM), a society which is setting up a 200 bedded hospital in Pitampura, Delhi.
The construction of the hospital premises is expected to be completed within the next three to four years. The company shall provide an interest-free, refundable deposit linked to construction milestones as a guarantee against its performance obligations under the LTSA, once the hospital is ready for commissioning. The board of directors of the company at their meeting held on March 12, 2025, inter-alia, approved the same.
Max Healthcare Institute offers healthcare services through its various facilities in Delhi and the National Capital Region, and facilities in Mohali and Bathinda.
