Max Financial stock price: Max Financial shares fall 2.11% as Sensex tumbles

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Shares of . traded down 2.11% in Friday’s session at 12:49 (IST). The stock opened at Rs 838.9 and touched an intraday high and low of Rs 840.9 and Rs 811.2, respectively, during the session so far.

The stock traded a 52-week high of Rs 1136.8 and a 52-week low of 697.05. Around 5,788 shares have changed hands on the counter so far.

The benchmark Nifty50 was down 168.65 points at 17787.85, while the BSE Sensex traded 583.47 points lower at 59714.53 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 capital of the company as of June 30, 2022, while the FIIs held 45.62% and the MFs 28.0%.

Techniques

On the technical charts, the stock’s 200-day moving average (DMA) stood at Rs 853.17 on August 19, while the 50-DMA stood at Rs 820.7. 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 can go both ways.

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