Max Healthcare shares gain 1.05% as Sensex falls

economictimes.indiatimes.com:

Max Healthcare Institute Ltd. traded 1.05 per cent higher in Wednesday's session at 10:10AM (IST). The stock opened at Rs 738.65 and has touched an intraday high and low of Rs 742.95 and Rs 728.0, 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 44,695 shares changed hands on the counter so far.

Benchmark Nifty50 was down 55.5 points at 22300.8, while the BSE Sensex traded 67.89 points lower at 73609.24 at the time of writing of this report.
In the Nifty pack, 9 stocks traded the day in the green, while 41 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 637.52 on March 06, while the 50-DMA was at Rs 776.32. 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.