Max Financial Services Limited (MFSL) shares plunged to Rs 615 this morning on unusually huge volumes.
The MFSL counter witnessed some large deals today. In early trades this morning, a bulk deal with a quantity of nearly 90,000 shares changed hands at Rs 626 a share at the stroke of the opening bell. Soon thereafter, around 82,700 shares changed hands at a price of Rs 630.20 a share, closely followed by sales of around 5.27 lakh shares (at Rs 634.20 a share) and 1.23 lakh shares (at Rs 637 a share). While the first two deals took place on BSE, the third and fourth were done in the National Stock Exchange.
At Rs 631, Max Financial Services is now down 3% from its previous close. Overall, more than 18.5 million shares have changed hands at the counter so far in the session. On the National Stock Exchange, the counter has clocked a volume of around 3.18 million shares so for today.