Small Cap Stock's Growth Levers In Place, Motilal Oswal Recommends Buy For Gain

Motilal Oswal has recommended investors to buy small cap stock operating in Hospitals & Allied Services sector, Max Healthcare Institute Ltd with target price of Rs 530 apiece. Last trading price of Max Healthcare Institute Ltd is Rs 430.60 apiece on BSE. If you buy Max Healthcare Institute share now, you can fetch potential return
of 23%.

According to the analyst, "the demand factors for the hospital/diagnostic industry in India remain favorable aided by rising income, healthcare needs and higher health insurance penetration." Check details below:

Max Healthcare Institute Stock Performance & Return: The last trading price of the stock on BSE is Rs 430.60 apiece with intraday jump of 2.88%. The stock's 52-week high price is Rs 482.50 apiece and 52-week low price is Rs 306.00 apiece, respectively. The company's market capitalisation is Rs 41,807.94 crore. It gave return of 24% in last 1-year and 86% in last 2-years.

Max Healthcare Institute Valuation: According to Motilal Oswal, "we arrive at our TP of INR530 based on SOTP valuation. We initiate coverage on the stock with a BUY rating."

About Max Healthcare Institute: Max Healthcare Institute (MAXHEALT) is a leading healthcare service provider, with major concentration in North India. The MAXHEALT network comprises 17 hospitals (with 3,270 operating beds) owned/managed by the company. It came into existence in 2001.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.