India's Max Healthcare surges to record high; stock in overbought zone

Max Healthcare Institute

15/05/2023 07:05

** Shares of Max Healthcare Institute Ltd  MAXE.NS  rise as
much as 4.97% to record high of 524.70 rupees
    ** Healthcare company's unit Crosslay Remedies to sell land
and building admeasuring 4,000 sq metres in Uttar Pradesh
    ** Stock added 3.26% on Friday on potential inflows after
MSCI inclusion  urn:newsml:reuters.com:*:nL4N3790N2
    ** Relative strength index is 74, suggesting stock may be
overbought
    ** All 10 analysts tracking MAXE maintain "buy"; median PT
is 517.50 rupees
    
 
 ($1 = 81.7800 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))