India's Max Healthcare falls on block deals

Max Healthcare Institute

18/01/2024 09:46

** Shares of healthcare services provider Max Healthcare
Institute  MAXE.NS  fall ~4% to 705.15 rupees
    ** More than 4.9 mln shares change hands in two separate
block deals at 712.55 rupees and 715.35 rupees apiece, a 2%-3%
discount to last close - LSEG
    ** Trading volume 4.5x the 30-day moving average
    ** Stock on track for fourth straight month of gains
    ** Analysts' rating on MAXE, rivals Apollo Hospitals
 APLH.NS  and Fortis Healthcare  FOHE.NS  at "buy" - LSEG data
    ** Stock trading 2% above median PT of 691 rupees - LSEG
    ** MAXE's 56% rise in 2023 bigger than gains of 47% and 27%
in FOHE and APLH, respectively
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))