Max Financial stock price: Max Financial shares fall 0.13% in Friday’s trading session

Shares of . fell 0.13% to Rs 833.85 in Friday trade at 13:15 (IST) even as the benchmark Nifty reigned at 15,983.55, up 44.9 points.

The certificate had closed at Rs 834.9 in the previous session. The stock traded a 52-week low of Rs 697.05 and a high of Rs 1147.9. The company quoted a market capitalization of Rs 28,829.16 crore on BSE.

On BSE, 9,879 shares have changed hands on the counter so far. At its prevailing price, the share traded at 113.79 times its 12-month EPS of 7.34 rupees per share and 6.61 times its book value. The return on equity (ROE) stood at Rs 6.43.

Key financial data

For the quarter ended March 31, 2022, Max Financial Services Ltd. reported consolidated sales of Rs 8,962.31 crore, up 8.18% from the same quarter a year ago. The company reported an 88.77% year-on-year growth in net profit to Rs 117.68 crore for the latest quarter.

Technical indicators

The stock’s relative strength index (RSI) stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say that the RSI indicator should not be considered in isolation, as it may not be sufficient to take a trade call, just as a fundamental analyst cannot give a “buy” or “sell” recommendation in using a single valuation ratio.


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