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IT, PSU bank and consumer durables shares advanced while media, realty and pharma shares declined.
At 13:30 IST, the barometer index, the S&P BSE Sensex added 60.55 points or 0.43% to 85,033.57. The Nifty 50 index advanced 100.05 points or 0.38% to 26,009.25.
In the broader market, the S&P BSE Mid-Cap index rose 0.32% and the S&P BSE Small-Cap index slipped 0.28%.
The market breadth was negative. On the BSE, 1,756 shares rose and 2,296 shares fell. A total of 185 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 1.48% to 11.92.
Gainers & Losers:
HCL Technologies (up 4.31%), Max Healthcare Institute (up 4.20%), Infosys (up 3.30%), Wipro (up 2.24%) and Tata Consultancy Services (TCS) (up 1.90%) were the major Nifty50 gainers.
Tata Motors PV (down 2.14%), Maruti Suzuki India (down 1%), NTPC (down 0.82%), Coal India (down 0.77%) and Adani Ports and Special Economic Zone (APSEZ) (down 1.23%) were the major Nifty50 losers.
Stocks in Spotlight:
Waaree Energies dropped 4.02% after the company reported that officials from the Income Tax Department had visited several of its offices and facilities across India.
Solara Active Pharma Sciences shed 0.40%. The company said that its multi-product manufacturing facility at Mangalore, Karnataka has successfully completed the inspection carried out by the US Food and Drug Administration (US FDA).
G R Infraprojects rose 0.94% after it has received an engineering, procurement, and construction (EPC) contract worth Rs 262.28 crore for gauge conversion of 38.9 km on the Kosamba-Umarpada section of Western Railways.
Ice Make Refrigeration rose 1.67% after the company announced the appointment of M. Srinivas Reddy as chief executive officer (CEO) of the company, effective 14 November 2025.
Goel Construction Company advanced 1.09% after the company secured an order worth Rs 173.25 crore from Aditya Birla Group for civil, WHRS, post-clinkerization, and safety works at the Pali Cement Works unit in Rajasthan.
Knowledge Marine & Engineering Works rose 0.50%. The firm has secured its second order for a state-of-the-art Green Tug, marking a major milestone in the company’s push for sustainable maritime solutions.
Choice International rose 1.96% after the company’s subsidiary, Choice Consultancy Service (CCSPL) has acquired 100% shareholding in Ayoleeza Consultant, strengthening its advisory and consultancy capabilities across key infrastructure sectors.
RPSG Ventures fell 2.22%. The company said that its board has approved the proposed acquisition of 40% of the total issued and paid-up share capital of FSP Design, at an enterprise value of Rs 455.17 crore.
Global Market:
European market declined as investors are awaited the U.K inflation data for October and key earnings releases from Sage Group, Severn Trent and Smiths Group. Nvidia’s earnings report is another key factor investors are awaiting.
Most Asian markets declined on Wednesday, tracking Wall Street declines as concerns about artificial intelligence valuations continued to pressure tech stocks.
In Japan, concern over ballooning government spending plans has sent long-end bonds sliding and yields to record highs.
A 20-year auction later on Wednesday will be closely watched and benchmark 10-year yields hit a 17-year top of 1.765%.
On Wall Street, stocks fell again on Tuesday as technology shares continued to retreat on concerns about valuations of artificial intelligence-related stocks.
The Dow Jones Industrial Average shed 498.50 points, or 1.07%, to settle at 46,091.74. The S&P 500 lost 0.83% to end the day at 6,617.32. It was the broad-based index’s fourth straight losing session, making for its longest slide since August.
The Nasdaq Composite decreased 1.21% to finish at 22,432.85. At their lows of the session, the blue-chip Dow was lower by nearly 700 points, or 1.5%, while the S&P 500 and tech-heavy Nasdaq had fallen 1.5% and 2.1%, respectively.
A big AI partnership announced Tuesday failed to lift related stocks like such deals have in the past. AI-startup Anthropic said it will spend $30 billion with Microsoft and, in turn, Microsoft and Nvidia will invest billions in Anthropic. Nvidia and Microsoft remained deep in the red following the deal.
Simultaneously doubts are growing that the U.S. will cut interest rates again in December and investors worry that U.S. President Donald Trump's falling approval rating could drive fiscal spending and possibly stoke inflation.
The growth in revenue was driven by an increase in OBDs. International patient revenue stood at Rs 231 crore, reflecting a growth of 25% YoY, and accounted for nearly 9% of the hospital revenue.
Bed occupancy for the quarter was at 77%, with occupied bed days (OBDs) up by 19% YoY. ARPOB for Q2 FY26 stood at Rs 77.3 thousand compared to Rs 76.2 thousand in Q2 FY25 and Rs 78.0 thousand in Q1 FY26.
Network operating EBITDA in Q2 FY26 was Rs 694 crore, reflecting a growth of 23% YoY. EBITDA margin for the Network stood at 26.9% compared to 26.6% in Q2 FY25 and 24.9% in Q1 FY26. EBITDA margin for existing units was 27.5%.
Overall EBITDA per bed in Q2 FY26 stood at Rs 73.4 lakhs compared to Rs 71.2 lakhs in Q2 FY25 and Rs 68.5 lakhs in Q1 FY26. EBITDA per bed for existing units stood at Rs 76.5 lakhs, up 7% YoY.
Max Lab (non-captive pathology vertical) reported revenue of Rs 54 crore during the quarter, recording a growth of 16% YoY. Max Lab services now has presence across 60-plus cities and it offers a comprehensive range of over 2,700 tests.
Max@Home gross revenue in Q2 FY26 was Rs 63 crore, reflecting a growth of 20% YoY, driven by physio & rehab, critical care (assistance services), medicine delivery (transactional services) and medical rooms.
The company recorded a favourable tax impact of Rs 149 crore, arising from the merger of Crosslay Remedies (CRL) and Jaypee Healthcare (JHL). Excluding this one-time impact, PAT during the quarter stood at Rs 406 crore, up 16% YoY.
Free cash from operations was Rs 291 crore versus Rs 464 crore in Q2 FY25 and Rs 389 crore in Q1 FY26.
An amount of Rs 456 crore was deployed towards ongoing expansion plans and upgradation of facilities at newer units. In addition, Rs 146 crore was distributed as dividend. Net debt at the end of the quarter stood at Rs 2,067 crore compared to Rs 1,755 crore at the end of June 2025.
Pursuant to the binding term sheet executed in July 2025, JHL, a wholly owned subsidiary (WoS) of the company, has divested its hospitals located in Village Chitta and Anoopshahr, District Bulandshahr effective 18 September 2025.
The NCLT Chandigarh Bench approved scheme of amalgamation of JHL and CRL, both wholly owned subsidiaries of the company, with an appointed date of 05 October 2024.
The 160 bed brownfield tower, including the additional radiation oncology program, has been commissioned at MSSH Mohali.
The 268 bed brownfield tower at Nanavati-Max, Mumbai, is to be commissioned next week.
Abhay Soi, chairman and managing director, Max Healthcare Institute, said: 'We continued our strong performance this quarter with revenue and operating EBITDA growth of 21% and 23%, respectively.
Integration of newly acquired Max Super Speciality Hospital, Noida (erstwhile Jaypee Hospital) is nearly complete. Commissioning of brownfield capacities at Max Mohali, Nanavati-Max and Max Smart is underway and operating leverage from the same will start reflecting in the financial and operating metrics soon.
On-streaming of brownfield capacities and strong underlying demand in our micro markets will further bolster our leadership position in the delivery of quality healthcare to our patients.'
Max Healthcare Institute (Max Healthcare) is one of India’s largest healthcare organizations. The company operates 20 healthcare facilities (nearly 5,200 beds) with a significant presence in North India. In addition to the hospitals, Max Healthcare operates homecare and pathology businesses under brand names Max@Home and Max Lab, respectively.
The scrip had added 0.26% to end at Rs 1101.40 on the BSE on Friday.
Sun TV Network Ltd, Cholamandalam Financial Holdings Ltd, Adani Power Ltd and Sammaan Capital Ltd are among the other losers in the BSE's 'A' group today, 03 October 2025.
Max Healthcare Institute Ltd tumbled 4.38% to Rs 1063.85 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 95187 shares were traded on the counter so far as against the average daily volumes of 79922 shares in the past one month.
Sun TV Network Ltd crashed 4.26% to Rs 576.45. The stock was the second biggest loser in 'A' group.On the BSE, 1.11 lakh shares were traded on the counter so far as against the average daily volumes of 35875 shares in the past one month.
Cholamandalam Financial Holdings Ltd lost 3.55% to Rs 1840.2. The stock was the third biggest loser in 'A' group.On the BSE, 12692 shares were traded on the counter so far as against the average daily volumes of 6930 shares in the past one month.
Adani Power Ltd shed 2.98% to Rs 147.9. The stock was the fourth biggest loser in 'A' group.On the BSE, 88.67 lakh shares were traded on the counter so far as against the average daily volumes of 52.83 lakh shares in the past one month.
Sammaan Capital Ltd corrected 2.89% to Rs 164.65. The stock was the fifth biggest loser in 'A' group.On the BSE, 41.76 lakh shares were traded on the counter so far as against the average daily volumes of 14.65 lakh shares in the past one month.