India's Max Healthcare falls after block deal

Max Healthcare Institute

25/04/2023 10:22

** Shares of hospital chain operator Max Healthcare
Institute Ltd  MAXE.NS  fall as much as 3.3% to 435.05 rupees,
marking their sharpest intraday pct fall since April 5
    ** About 5.5 million shares change hands in a block deal as
of 2:34 p.m. IST, at 449.65 rupees apiece, according to
Refinitiv IBES
    ** Stock below its 50-, and 100-day moving averages while 
staying above its 200-day moving average
    ** Moving Average Convergence Divergence (MACD) line below
the signal line, suggesting bearish momentum 
    ** Shares hit their lowest since April 10; on track for a
fourth consecutive session of loss, if trends hold
    ** More than 7.3 mln shares change hands by 2:43 p.m. IST,
2.7x the 30-day avg
    ** All of the 10 analysts covering stock have a "buy" or
higher rating; median PT is 517.50 rupees - Refinitiv data
    ** Stock up 2.3% so far this year, up to last close


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))