Max India hits 52-week low, Fortis Healthcare down 3%

Max India hit 52-week low of Rs 128, dipped 4.5%, while Fortis Healthcare down 3% at Rs 143 on the NSE

Shares of Max India and Fortis Healthcare were under pressure, falling by upto 4% on the BSE in otherwise firm market.

Max India hit 52-week low of Rs 128, down 4.5% on the National Stock Exchange (NSE), after the Delhi government cancelled the licence of Max Hospital-Shalimar Bagh. Max India is the holding company of Max Healthcare.

“Max Healthcare Institute, an equal joint venture with Life Healthcare (South Africa), has received a notice of cancellation of the license of one of its hospitals at Shalimar Bagh, New Delhi, from Government of NCT of Delhi,” Max India said in