Max Financial stock price: Max Financial shares gain 1.13% as Sensex rises

The shares of Max Financial Services Ltd. traded up 1.13% to Rs 748.95 at 12:53 (IST) on Thursday, even as the benchmark BSE Sensex gained 740.71 points to 57778.21.

The certificate had closed at Rs 740.6 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 12:53 p.m. (IST) stood at 7,052 shares with a turnover of Rs 0.53 crore.

At the current price, the company’s shares were trading at 130.53 times its 12-month earnings per share of 5.74 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 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 technical charts, the stock’s Relative Strength Index (RSI) came in at 42.02. 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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