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

The shares of Max Financial Services Ltd. rose 1.15% to 845.65 rupees in Friday’s trade. It hit an intraday high of Rs 857.4 and a low of Rs 830.0, respectively, during the day.

The stock quoted a 52-week high of Rs 1147.9 and a low of Rs 818.45.

As of 12:53 p.m. (IST), the counter recorded a total trading volume of 121,691 shares with a traded value of Rs 10.23 crore, according to NSE.

The stock had closed at Rs 855.5 in the previous session.

The certificate was down -16.8% in the last month to date, while the benchmark BSE Sensex index slipped -5.07% in the same period.

According to exchange data, the stock traded at a price/earnings (P/E) multiple of 147.43 while the price-to-book ratio stood at 8.87. A higher P/E ratio shows that investors are willing to pay a higher price for the earnings per rupee generated by the stock due to better future growth expectations. The price-to-book ratio 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.

Promoter/Fii Holding
The promoters held a 14.72% stake in the company as of December 31, 2021, while FII and MF’s stake in the company was 26.08% and 25.16%, respectively.

Key financial data
The company reported consolidated sales of Rs 6,954.76 crore for the quarter ended December 31, 2021, down 25.44% from Rs 9,327.37 crore in the previous quarter and down 22.64% from to Rs 8990.28 crore in the prior year quarter. Its net profit for the last quarter stood at Rs 74.86 crore, down 57.42% from the same quarter a year ago.


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