Max Healthcare Institute Ltd Share Price – NSE  /  BSE

Healthcare, Mid Cap

Jaiprakash Associates Ltd, VRL Logistics Ltd, Aptus Value Housing Finance India Ltd and Global Health Ltd are among the other losers in the BSE's 'A' group today, 01 March 2024.

Max Healthcare Institute Ltd crashed 7.62% to Rs 734.5 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 4.17 lakh shares were traded on the counter so far as against the average daily volumes of 1.67 lakh shares in the past one month.

Jaiprakash Associates Ltd tumbled 4.98% to Rs 18.89. The stock was the second biggest loser in 'A' group.On the BSE, 72.42 lakh shares were traded on the counter so far as against the average daily volumes of 64.03 lakh shares in the past one month.

VRL Logistics Ltd lost 4.84% to Rs 555. The stock was the third biggest loser in 'A' group.On the BSE, 23619 shares were traded on the counter so far as against the average daily volumes of 7523 shares in the past one month.

Aptus Value Housing Finance India Ltd fell 4.74% to Rs 334.45. The stock was the fourth biggest loser in 'A' group.On the BSE, 12541 shares were traded on the counter so far as against the average daily volumes of 1.59 lakh shares in the past one month.

Global Health Ltd slipped 4.21% to Rs 1306.9. The stock was the fifth biggest loser in 'A' group.On the BSE, 59711 shares were traded on the counter so far as against the average daily volumes of 3.21 lakh shares in the past one month.

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Max Healthcare sank 7.12%, leading the pack of decliners which included Krishna Institute of Medical Sciences (down 5.89%), Global Health (down 3.84%), Aster DM Healthcare (down 2.11%), Fortis Healthcare (down 1.71%), Kovai Medical Center & Hospital (down 1.62%), Narayana Hrudayalaya (down 1.48%), Apollo Hospitals Enterprise (down 0.67%), Rainbow Children's Medicare (down 0.64%) and Shalby (down 0.26%) tumbled. This follows earlier losses of 2-6.5% during the previous session.

The Supreme Court's stance stems from its criticism of the government's inaction on regulating hospital charges and enforcing existing rules. It has directed the government to develop a standardised rate plan within a month, or it might enforce rates applicable to government-empanelled hospitals, which are significantly lower than what private hospitals typically charge.

Investors fear this potential change in pricing will negatively impact the revenue of hospital chains. A domestic broker highlighted the strong opposition this proposal is likely to face due to lower Central Government Health Scheme (CGHS) rates, uneven implementation of regulations (Clinical Establishment Act) across states, and the complexity of standardising costs given varying factors like treatment needs, individual health conditions, and hospital services.

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Max Healthcare Institute Ltd fell 6.56% today to trade at Rs 742.95. The S&P BSE Healthcare index is down 0.26% to quote at 34987.8. The index is up 3.47 % over last one month. Among the other constituents of the index, Apollo Hospitals Enterprise Ltd decreased 1.81% and Ajanta Pharma Ltd lost 1.79% on the day. The S&P BSE Healthcare index went up 61.46 % over last one year compared to the 23.77% surge in benchmark SENSEX.

Max Healthcare Institute Ltd has lost 4.93% over last one month compared to 3.47% gain in S&P BSE Healthcare index and 1.61% rise in the SENSEX. On the BSE, 28920 shares were traded in the counter so far compared with average daily volumes of 1.66 lakh shares in the past one month. The stock hit a record high of Rs 909 on 13 Feb 2024. The stock hit a 52-week low of Rs 412 on 06 Apr 2023.

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KSB Ltd, Global Health Ltd, Prestige Estates Projects Ltd and Rainbow Childrens Medicare Ltd are among the other losers in the BSE's 'A' group today, 29 February 2024.

Max Healthcare Institute Ltd lost 7.60% to Rs 785.4 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.06 lakh shares were traded on the counter so far as against the average daily volumes of 1.67 lakh shares in the past one month.

KSB Ltd crashed 6.49% to Rs 3672.65. The stock was the second biggest loser in 'A' group.On the BSE, 6265 shares were traded on the counter so far as against the average daily volumes of 2055 shares in the past one month.

Global Health Ltd tumbled 6.40% to Rs 1349.35. The stock was the third biggest loser in 'A' group.On the BSE, 19028 shares were traded on the counter so far as against the average daily volumes of 3.21 lakh shares in the past one month.

Prestige Estates Projects Ltd pared 6.09% to Rs 1151.85. The stock was the fourth biggest loser in 'A' group.On the BSE, 15957 shares were traded on the counter so far as against the average daily volumes of 22811 shares in the past one month.

Rainbow Childrens Medicare Ltd fell 5.98% to Rs 1355.25. The stock was the fifth biggest loser in 'A' group.On the BSE, 69236 shares were traded on the counter so far as against the average daily volumes of 9233 shares in the past one month.

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