Max Financial stock price: Max Financial shares fall 0.3% as Sensex rises

Shares of . traded down 0.3% at 819.7 rupees at 12:07 p.m. (IST) on Friday, even as BSE benchmark Sensex gained 281.48 points to 58580.28.

The stock had closed at Rs 822.15 in the previous session. The stock quoted a 52-week high of Rs 1136.8 and a 52-week low of Rs 697.05, respectively. According to BSE data, the total trading volume on the counter till 12:07 PM (IST) stood at 5,410 shares with a turnover of Rs 0.45 crore.

At the current price, the stock was trading at 98.34 times its 12-month earnings per share of 8.36 rupees per share and 6.61 times its price-to-book ratio, according to exchange data.

A higher P/E ratio shows that investors are willing to pay a higher price today due to growth expectations in the future.

The price-to-book ratio indicates the inherent value of a company and reflects the price investors are willing to pay even if the company does not grow. The stock’s beta, which measures its volatility relative to the broader market, was 1.27.

Shareholding details

The promoters held 14.72% of the company’s capital as of June 30, 2022, while the FIIs held 23.76% and the DIIs 28.0%.


On the technical charts, the relative strength index (RSI) of the stock stands at 47.31. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and an oversold condition when it is below 30. Chartists say that the RSI should not be considered in isolation, as it may not be enough to take a trade call, just as fundamental analysts cannot give a “buy” or “sell” recommendation using a single valuation ratio.


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