Max India advanced 3.3% at Rs 197.20 at 12:09 IST on BSE after 0.44% equity changed hands in a bulk deal on BSE today, 13 March 2014.
A bulk deal of 11.98 lakh shares was executed on the counter at Rs 202.30 per share at 09:48 IST on BSE today, 13 March 2014.
Meanwhile, the S&P BSE Sensex was up 71.55 points or 0.33% at 21,927.77
Bulk deal boosted volume on the Max India scrip. On BSE, so far 13.53 lakh shares were traded in the counter as against average daily volume of 42,913 shares in the past one quarter.
The stock hit a high of Rs 204 and a low of Rs 191.25 so far during the day. The stock had hit a 52-week high of Rs 234.90 on 12 March 2013. The stock had hit a 52-week low of Rs 150.50 on 4 September 2013.
The stock had underperformed the market over the past one month till 12 January 2014, rising 2.5% compared with the Sensex's 6.88% rise. The scrip also underperformed the market in past one quarter, falling 8.27% as against Sensex's 4.45% rise.
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The mid-cap company has equity capital of Rs 53.25 crore. Face value per share is Rs 2.
Max India's net profit surged 176.7% to Rs 73.68 crore on 16.6% growth in total income to Rs 295.54 crore in Q3 December 2013 over Q3 December 2012.
Max India Group is a multi-business corporate. The company is into life insurance and health insurance businesses through its subsidiaries and joint ventures. The company also provides healthcare services.
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