Max Healthcare Gets New Project, Strengthens Market Position

Max Healthcare’s stock share has witnessed a rise of 20% in the past week, taking them one step closer to their record, thanks to expansion plans. Their stocks have been surging for the fifth consecutive day, which takes the price to RS 1,189.25 on 21st March on the BSE.

There are plenty of events that have been a reason for this impressive performance. The company’s board accepted the Bharat Prakritik Chikitsa Mission proposal to maintain a 200-bed hospital in the Indian capital Delhi. This Long Term Service Agreement with this society will be completed within the next four years.

According to the conditions of this agreement, the company will offer an interest-free and refundable deposit linked to construction breakthroughs. 

Boosting their Market Position

Max Healthcare has become one of the most prominent names in the integrated healthcare service industry. They have been maintaining a pretty robust system of multi-speciality and super-speciality hospitals, managed care facilities, and primary care clinics by partnering with third-party providers under long-term service contracts.

The company has been involved in giving medical services, performing clinical diagnostics, and maintaining these facilities in different parts of the country. That’s not all; their recent partnership with BPCM boosted the firm’s long-term vision of increasing its presence in major metropolitan cities. They are making top-notch healthcare services accessible in these areas.

Growth is in the Horizon

If we talk about the Indian healthcare industry, it has been witnessing tremendous growth and transformation. It has received a boost from factors like better government expenditure, increasing health insurance penetration, and a solid demand for healthcare solutions.

So, companies like Max Healthcare are working to solidify their ground by making increased profits. Their stock has outperformed the market with a growth of 57% in the past year.