India's Max Healthcare sinks after quarterly earnings miss, brokers' warnings

Max Healthcare Institute

22/05/2026 06:20

** Max Healthcare MAXE.NS falls 6% to 1,025.15 rupees

** Worst performer on Nifty Healthcare Index .NIFHEIN, which is down 1.3%

** MAXE up 3.9% for the week so far

** Hospital chain's Q4 profit, revenue miss analyst estimates

** Revenue per occupied bed grew just 1% YoY, hurt by longer patient stays, treatment mix changes - J.P.Morgan

** MAXE MD says co plans to boost capacity by about 10%

** Macquarie warns street underestimates adverse impact on profitability, reiterates 'underperform' rating

** Seventeen of 22 brokerages rate the stock "buy" or higher; their median PT is 1,254 rupees

** YTD, MAXE down 2.4% vs 7.4% rise in sub-index

($1 = 96.0425 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.Parmar@thomsonreuters.com;))