Max Healthcare shares drop 4.93% as Sensex rises
Max Healthcare Institute Ltd. traded 4.93 per cent lower in Wednesday's session at 02:05PM (IST).
The stock opened at Rs 607.55 and has touched an intraday high and low of Rs 611.0 and Rs 577.8, respectively, during the session so far.
The stock quoted a 52-week high of Rs 630.0 and a 52-week low of 388.05. About 34,818 shares changed hands on the counter so far.
Benchmark Nifty50 was up 87.95 points at 20081.15, while the BSE Sensex traded 298.92 points higher at 67520.05 at the time of writing of this report.
In the Nifty pack, 35 stocks traded the day in the green, while 15 were in the red.
Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 1326.31 crore, up 5.7 per cent from the previous quarter's Rs 1254.73 crore and up 20.82 per cent from the year-ago quarter.
The company reported net profit of Rs 240.08 crore for the latest quarter.
Promoter Holdings Promoters held 23.76 per cent stake in the company as of 30-Jun-2023, while FIIs held 59.89 per cent and MFs 11.32 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 501.84 on September 13, while the 50-DMA was at Rs 583.12. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
