Max Healthcare shares drop 1.97% as Sensex falls
Max Healthcare Institute Ltd. traded 1.97 per cent lower in Monday's session at 11:37AM (IST). The stock opened at Rs 849.8 and has touched an intraday high and low of Rs 851.25 and Rs 833.0, respectively, during the session so far.
The stock quoted a 52-week high of Rs 909.0 and a 52-week low of 412.0. About 9,867 shares changed hands on the counter so far.
Benchmark Nifty50 was down 106.5 points at 22106.2, while the BSE Sensex traded 370.17 points lower at 72772.63 at the time of writing of this report.
In the Nifty pack, 12 stocks traded the day in the green, while 38 were in the red.
Key Financials For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 1380.99 crore, down 1.96 per cent from the previous quarter's Rs 1408.64 crore and down 16.4 per cent from the year-ago quarter. The company reported net profit of Rs 289.34 crore for the latest quarter.
Promoter Holdings Promoters held 23.75 per cent stake in the company as of 31-Dec-2023, while FIIs held 60.69 per cent and MFs 10.62 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 627.3 on February 26, while the 50-DMA was at Rs 758.81. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
(You can now subscribe to our ETMarkets WhatsApp channel)
