Max India fell 2.06% to Rs 200 at 11:49 IST on BSE on profit booking after the stock rose 7.22% in the preceding five trading sessions to Rs 204.20 on 18 March 2014, from a recent low of Rs 190.45 on 10 March 2014.
Meanwhile, the BSE Sensex was up 10.51 points, or 0.05%, to 21,843.12.
On BSE, so far 11,000 shares were traded in the counter, compared with an average volume of 76,358 shares in the past one quarter.
The stock hit a high of Rs 204.10 and a low of Rs 198.65 so far during the day. The stock hit a 52-week high of Rs 232.40 on 25 March 2013. The stock hit a 52-week low of Rs 150.50 on 4 September 2013.
The stock had outperformed the market over the past one month till 18 March 2014, rising 12.04% compared with the Sensex's 5.81% rise. The scrip had, however, underperformed the market in past one quarter, rising 1.59% as against Sensex's 4.66% rise.
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The mid-cap company has an 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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