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Axis Securities maintains an equal weight call on Max Healthcare Institute, targeting a price of Rs 1,315. Max Healthcare’s Q4 FY24 revenue rose 8.77% QoQ to Rs 1,901.61 crore. The firm’s profitability in Lucknow and Nagpur is anticipated to increase with higher occupancy and new clinical programs. Promoters and institutional investors hold significant stakes in the company.
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