Max Healthcare shares drop 1.04% as Sensex rises
The stock quoted a 52-week high of Rs 909.0 and a 52-week low of Rs 505.35.
Shares of Ltd. traded 1.04 per cent lower in Friday's session at 01:38PM (IST). The stock opened at Rs 809.8 and has touched an intraday high and low of Rs 809.8 and Rs 784.6, respectively, during the session so far.The stock quoted a 52-week high of Rs 909.0 and a 52-week low of 505.35. About 89,400 shares changed hands on the counter so far.
Benchmark Nifty50 was up 41.65 points at 23009.3, while the BSE traded 126.33 points higher at 75544.37 at the time of writing of this report.
In the pack, 27 stocks traded the day in the green, while 22 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 1468.15 crore, up 6.31 per cent from the previous quarter's Rs 1380.99 crore and up 17.01 per cent from the year-ago quarter. The company reported net profit of Rs 251.54 crore for the latest quarter.
Promoter Holdings
Promoters held 23.75 per cent stake in the company as of 31-Mar-2024, while FIIs held 57.33 per cent and MFs 12.33 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 692.87 on May 24, while the 50-DMA was at Rs 800.95. 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
