Max Financial share price: Max Financial shares fall 1.15% as Nifty gains

The shares of Max Financial Services Ltd. traded 1.15% at Rs 954.3 on Wednesday around 13:34 (IST), while the benchmark BSE Sensex rose 405.2 points to 56,724.21.

No less than 3,643 shares changed hands on the counter with a total value of Rs 0.35 crore.

The stock listed a 52-week high of Rs 1147.9 and a 52-week low of Rs 624.75.

On technical charts, the stock’s 200-DMA stood at Rs 983.26, while the 50-DMA was at Rs 971.13. If a stock is trading above 50 DMA and 200 DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading below 50 DMA and 200 DMA at a time, it is considered a downtrend and if it is trading between 50 DMA and 200 DMA, it suggests that the stock may go anywhere.

Shares of the company are up 48.53 percent in the past year, while Sensex is up 20.81 percent in the same period.

According to BSE data, the stock is trading at a price / earnings multiple of 109.98 and a price / book ratio of 8.87. A higher P / E ratio shows that investors are willing to pay a higher price because of better expectations of future growth. Price versus book value indicates the intrinsic value of a business and reflects the price investors are willing to pay even when a business does not grow. The share belongs to the Insurance – Life sector.