Max Healthcare Institute Stock Declines 1.34% Over Two Days

Max Healthcare Institute, a prominent player in the hospital industry, has shown notable activity today, underperforming its sector by 0.46%. The stock has experienced a consecutive decline over the past two days, with a total drop of 1.34% during this period. It opened at Rs 1123.55 and has maintained this price throughout the trading session.
In terms of moving averages, the stock is currently above its 5-day average but falls short of the 20-day, 50-day, 100-day, and 200-day averages, indicating mixed short-term performance.

Max Healthcare's market capitalization stands at Rs 1,10,689.12 crore, categorizing it as a large-cap company. The price-to-earnings (P/E) ratio is reported at 90.89, significantly higher than the industry average of 69.27, suggesting a premium valuation relative to its peers.

Over the past year, Max Healthcare has delivered a return of 19.23%, outperforming the Sensex, which has seen a modest gain of 0.54%. However, its performance over the last month has been less favorable, with a decline of 1.30% compared to the Sensex's increase of 1.59%.