Max Financial stock price: Max Financial shares gain 2.25% as Sensex rises

The shares of Max Financial Services Ltd. traded up 2.25% in Friday’s session at 11:31 (IST). The stock opened at Rs 754.3 and touched an intraday high and low of Rs 772.45 and Rs 752.6, respectively, during the session so far.

The stock traded a 52-week high of Rs 1147.9 and a 52-week low of 700.1. About 7,691 shares have changed hands on the counter so far.

The benchmark Nifty50 was up 62.35 points at 17527.10, while the BSE Sensex traded 223.11 points at 58791.62 at the time of writing.

In the Nifty pack, 35 stocks traded on the day in the green, while 14 were in the red.

Key financial data

For the quarter ended December 31, 2021, the company reported consolidated sales of Rs 6,954.76 crore, down 25.44% from Rs 9,327.37 crore in the previous quarter and down 22.64% from compared to the quarter of the previous year. The company reported a net profit of Rs 74.86 crore for the last quarter.

Promoter assets

The promoters held 14.72% of the company’s capital as of December 31, 2021, while the FIIs held 47.94% and the MFs 25.16%.


On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 975.49 on April 1, while the 50-DMA stood at Rs 833.39. 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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