Max Financial stock price: Max Financial shares rise 0.33% as Nifty falls

Shares of . around 11:26 a.m. (ET) on Tuesday, while the benchmark BSE Sensex rose 21.95 points to 54492.62.

As many as 16,631 shares changed hands on the counter with a total value of Rs 1.18 crore.

The stock quoted a 52-week high of Rs 1147.9 and a 52-week low of Rs 697.05.

On the technical charts, the stock’s 200-DMA stood at Rs 940.51, while the 50-DMA was at Rs 768.01. 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 below 50 DMA and 200 DMA at the same time, it is considered as a downtrend and if it is trading between 50 DMA and 200 DMA, it suggests that the stock may go anywhere.

Shares of the company are up 22.14% over the past year, while Sensex is up 11.84% over the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 123.81 and a price-to-book ratio of 8.87. A higher P/E ratio shows that investors are willing to pay a higher price due to better expectations for future growth. Price to book value indicates the intrinsic value of a company and reflects the price investors are willing to pay even for a company with no growth. The title belongs to the Insurance – Life sector.


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