Max Financial stock price: Max Financial shares fall 0.67% as Sensex rises

The shares of Max Financial Services Ltd. traded down 0.67% to Rs 736.8 at 13:49 (IST) on Wednesday, even as the benchmark BSE Sensex gained 466.32 points to 56,929.47.

The stock had closed at Rs 741.75 in the previous session. The stock quoted a 52-week high of Rs 1147.9 and a 52-week low of Rs 700.1, respectively. According to BSE data, the total trading volume on the counter till 13:49 (IST) stood at 11,659 shares with a turnover of Rs 0.86 crore.

At the current price, the stock was trading at 128.31 times its 12-month earnings per share of 5.74 rupees per share and 8.87 times its price-to-book ratio, according to BSE 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 March 31, 2022, while the FIIs held 23.26% and the DIIs 28.05%.


On the technical charts, the relative strength index (RSI) of the stock stands at 38.57. 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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