Max Financial stock price: Max Financial shares gain 1.31% as Sensex falls

The shares of Max Financial Services Ltd. traded up 1.31% to Rs 791.35 at 11:51 a.m. (IST) on Friday, even as the BSE benchmark Sensex fell 15.72 points to 59,019.23.

The stock stood at Rs 781.1 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 11:51 a.m. (IST) stood at 9,430 shares with a turnover of Rs 0.74 crore.

At the current price, the company’s shares were trading at 138.12 times its 12-month earnings per share of 5.74 rupees per share and 8.87 times its price-to-book ratio, according to data from the BSE.

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 December 31, 2021, while the FIIs held 26.08% and the DIIs 25.16%.


On the technical charts, the relative strength index (RSI) of the title stood at 51.6. 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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