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The private sector lender, with a market capitalization of more than Rs 7.3 lakh crore, hit a 52-week high of Rs 1,724 in October 2021 but soon lost momentum and breached its crucial 50-SMA placed around Rs 1,500 levels in November 2021.

Independent Analyst Manish Shah said the bearishness in the market is palpable, but the fact remains that the Nifty50 has not made a new low since May 16.

“This is a period when the market will stabilise. There can be a near term time correction or a 5-10% move either side, but overall there is going to be a margin reset. Demand is strong both domestic as well as global for Indian outfits. We feel companies can report better than expected top line.The issue on the margin front will get addressed within the next three to six months.”

These will have a combined potential to add 2,200 beds in the coming years in addition to the ongoing brownfield expansions. As we step into the new fiscal year, we are confident of continuing our robust performance and becoming the most well regarded healthcare provider in India," Soi said

Max Healthcare stated that the performance in Q4 was impacted by the Omicron wave with low hospitalisations. However, the Omicron wave impacted the non-Covid admissions substantially.​

Rupee traded with pendulum swing on a range fight between hedgers as participants from banks tried to support rupee whereas remittance takers of dollar equally bought keeping rupee ranged between 77.47-77.60. The US Fed statement minutes later in the night might give some trend to the USDINR pair in futures," said Jateen Trivedi, VP Research Analyst at LKP Securities.

Total expenses during the quarter were higher at Rs 32.98 crore as compared to Rs 27.18 crore in the year-ago period.For the fiscal year ended March 31, 2022, consolidated net profit was at Rs 105.92 as against Rs 61.01 crore in the previous fiscal, the company said.

After opening on a positive note, the 30-share pack Sensex shed early gains to end 303.35 points or 0.56 per cent lower at 53,749.26. Its broader peer, Nifty50, lost 99 points but managed to close above the 16,000 mark. Broader markets also suffered deep cuts, with the Nifty midcap and small-cap index falling 2.5 per cent and 3.46 per cent, respectively.

At the interbank foreign exchange market, the rupee opened lower at 77.56 against the greenback, and finally settled at 77.59, down 4 paise over its previous close.

Inviting bids for the sale of recovery proceedings against Golden Life Agro India and Sunshine Agro Infra and their directors, Sebi said auction of the properties will be conducted through online mode on June 16, 2022 during 10.30 am to 11.30 am.