Max Healthcare Institute shares hit their highest level in 52 weeks in the last trading hour on April 12 after open market trading involving 1.8 million shares, or a 1.85% stake.

The deal was executed at an average price of Rs 451.5 per share, bringing the transaction value to Rs 807.1 crore. However, the identities of the buyers and sellers could not be immediately ascertained.

Max Healthcare closed 6.23% higher at Rs 479 on the National Stock Exchange. After the deal was completed, the stock climbed to a 52-week high of Rs 486.25 intraday.

A total of 20 million shares changed hands on the exchange, with a one-month average daily volume of 2.1 million shares.

Canara Robeco Mutual Fund, HDFC Mid Cap Opportunities Fund, SBI Equity Hybrid Fund, Vanguard Total International Equity Index Fund, Monetary Authority of Singapore and the Government of Singapore are some of the Max Major institutional players in healthcare shares.

However, Max Healthcare was among the top three stocks with the largest underweight in mutual fund portfolios in March. According to a report by Nuvama Alternative & Quantitative Research, domestic fund houses sold shares in Max Health for Rs 440 crore in March.