Max Financial stock price: Max Financial shares fall 1.59% as Sensex tumbles

Shares of . traded down 1.59% in Tuesday’s session at 12:28 (IST). The stock opened at Rs 759.45 and touched an intraday high and low of Rs 759.9 and Rs 744.5, respectively, during the session so far.

The stock traded a 52-week high of Rs 1081.0 and a 52-week low of 697.05. Around 333,112 shares have changed hands on the counter so far.

The benchmark Nifty50 was down 82.5 points at 17158.5, while the BSE Sensex traded 242.42 points at 57748.69 at the time of writing.

In the Nifty pack, 10 stocks traded on the day in the green, while 40 were in the red.

Key financial data

For the quarter ended June 30, 2022, the company reported consolidated sales of Rs 3,275.89 crore, down 63.45% from Rs 8,962.31 crore in the previous quarter and down 44.88% from compared to the quarter of the previous year. The company reported a net profit of Rs 56.36 crore for the last quarter.

Promoter assets

The promoters held 14.72% of the company’s capital as of June 30, 2022, while the FIIs held 45.62% and the MFs 28.0%.


On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 822.96 on October 11, while the 50-DMA stood at Rs 802.61. 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 well below 50-DMA and 200-DMA at the same time, it is considered to be in a downtrend and if it is trading between these averages, it suggests that the stock may go both ways.


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