Apollo Hospitals Enterprise’s shares tumbled 7.95 per cent to Rs. 805.35 on Thursday, accompanied with huge volumes on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The counter witnessed a series of block deals with 51.21 lakh shares changing hands on the BSE. The average turnover for the past two weeks was only 56,000 on BSE. At one stage the drop was as much as 11 per cent. The fall in share price was attributed to selling of 85.50 lakh shares by foreign brokerage CLSA. Only on November 27 the shares registered a 52-week high at Rs. 902.85 on the BSE.

On the NSE the shares lost 8.11 per cent (Rs. 71.10) to end at Rs. 805.10. The volume was 1.03 crore shares and the delivery per cent was 58.87.

Cinemax at new high

Shares of Cinemax hit a new high of Rs. 184.25 on the Bombay Stock Exchange. The share spurt comes in the wake of an open offer for 72.80 lakh shares of face value of Rs. 5 each from the public shareholders. The open offer, made by the PVR Group, is priced at Rs. 203.65 per share.