Max Financial stock price: Max Financial shares gain 0.72% as Sensex rises

The shares of Max Financial Services Ltd. traded down 0.72% at Rs 961.85 as of 11:31 a.m. (IST) on Thursday, even as the benchmark BSE Sensex gained 251.26 points to 57181.82.

The certificate had stood at Rs 955.0 in the previous session. The stock quoted a 52-week high of Rs 1147.9 and a 52-week low of Rs 644.3, respectively. According to BSE data, the total trading volume on the counter till 11:31 a.m. (IST) stood at 2,305 shares with a turnover of Rs 0.22 crore.

At the current price, the company’s shares traded at 111.03 times its 12-month EPS of 8.66 rupees per share and 8.87 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 intrinsic value of a company and reflects the price that investors are willing to pay even without growth of the company. 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 September 30, 2021, while the FIIs held 27.72% and the DIIs 23.17%.


On the technical charts, the relative strength index (RSI) of the stock stands at 48.22. 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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