Max Healthcare shares drop 1.24% as Sensex falls
The stock quoted a 52-week high of Rs 909.0 and a 52-week low of Rs 435.1.
Shares of Ltd. traded 1.24 per cent lower in Tuesday's session at 01:59PM (IST). The stock opened at Rs 831.8 and has touched an intraday high and low of Rs 831.8 and Rs 807.85, respectively, during the session so far.The stock quoted a 52-week high of Rs 909.0 and a 52-week low of 435.1. About 34,751 shares changed hands on the counter so far.
Benchmark Nifty50 was down 144.21 points at 22128.3, while the BSE traded 551.37 points lower at 72848.41 at the time of writing of this report.
In the pack, 16 stocks traded the day in the green, while 34 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 666.04 on April 16, while the 50-DMA was at Rs 807.64. 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.
Source: Stocks-Markets-Economic Times
