Max Financial share price: Max Financial shares fall 2.75% as Nifty gains

0
The shares of Max Financial Services Ltd. traded down 2.75% to Rs 884.4 on Tuesday around 3:38 p.m. (IST), while the benchmark BSE Sensex advanced 366.64 points to 57,858.15.

As many as 134,572 shares changed hands on the counter with a total value of Rs 12.14 crore.

The stock quoted a 52-week high of Rs 1147.9 and a 52-week low of Rs 659.2.

On the technical charts, the stock’s 200-DMA stood at Rs 996.56, while the 50-DMA was at Rs 976.22. 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 the same time, it is considered as 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 27.11% over the past year, while Sensex is up 27.01% over the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 102.25 and a price-to-book ratio of 8.87. A higher P/E ratio shows that investors are willing to pay a higher price due to better expectations for future growth. Price to book value indicates the intrinsic value of a company and reflects the price investors are willing to pay even for a company with no growth. The title belongs to the Insurance – Life sector.

Share.

Comments are closed.