Max Healthcare shares fall 1.25% as Nifty gains

Shares of Max Healthcare Institute Ltd. traded 1.25 per cent down at Rs 949.

9 on Thursday at around 01:03PM (IST), while the benchmark BSE Sensex advanced 236.99 points to 83185.22.



As many as 10,004 shares changed hands on the counter with a total value of Rs 0.96 crore. The stock quoted a 52-week high price of Rs 979.

8 and a 52-week low of Rs 531.05. On the technical charts, the 200-DMA of the stock stood at Rs 818.

02, while 50-DMA was at Rs 897.57. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up.

On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere. Shares of the company have advanced 65.1 per cent in the past one year, while Sensex has risen 22.

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48. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business.

The stock belongs to the Hospital industry. (You can now subscribe to our ETMarkets WhatsApp channel ).