JM Financial Recommends Buying Jupiter Life Line Hospitals, Sets Target Price at Rs 1515

JM Financial has advised investors to buy shares of Jupiter Life Line Hospitals Ltd. with a target price of Rs 1515. Currently, the market price stands at Rs 1320.05.

Jupiter Life Line Hospitals Ltd., established in 2002, operates as a small-cap company in the hospitals and allied services sector, with a market capitalization of Rs 8,578.99 crore.

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Products and Revenue

The company primarily generates its revenue from hospital services for the fiscal year ending March 31, 2022.

Financial Performance

In the quarter ending March 31, 2024, Jupiter Life Line Hospitals reported a consolidated total income of Rs 299.44 crore. This marks a 6.69% increase from the previous quarter’s total income of Rs 280.67 crore and a 21.83% rise from Rs 245.79 crore in the same quarter last year. The company achieved a net profit after tax of Rs 45.26 crore in the latest quarter.

Ownership Structure

As of March 31, 2024, promoters hold 40.91% of the company, while Foreign Institutional Investors (FIIs) own 4.17% and Domestic Institutional Investors (DIIs) hold 14.16%.

JM Financial’s recommendation reflects optimism about Jupiter Life Line Hospitals’ financial performance and growth potential in the healthcare services sector.