India's Max Healthcare records biggest fall in over three years

Max Healthcare Institute

29/02/2024 06:40

** Shares of Max Healthcare Institute  MAXE.NS  fall as much
as 8.9% to 776.15 rupees
    ** Stock records biggest intraday fall since early Feb 2021
    ** Reuters could not immediately verify a reason for the
stock move
    ** MAXE last down 6.9% on the day, set for slowest monthly
rise since Oct 2023
    ** Analysts' avg rating on MAXE, peers Apollo Hospitals
 APLH.NS  and Fortis Healthcare  FOHE.NS  at "buy" - LSEG data
    ** MAXE's has a 12-mth forward P/E of 55, while APLH has
62.7 and FOHE 42.1 - LSEG
    ** MAXE's 56% rise in 2023 higher than APLH's ~27% and
FOHE's 46.5%
    

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