Max Financial stock price: Max Financial shares rise 1.7% as Nifty gains

The shares of Max Financial Services Ltd. traded up 1.7% to Rs 797.75 on Thursday around 12:07 p.m. (IST), while the benchmark BSE Sensex rose 1,241.5 points to 55,888.83.

As many as 5,629 shares changed hands on the counter with a total value of Rs 0.45 crore.

The stock quoted a 52-week high of Rs 1147.9 and a 52-week low of Rs 753.45.

On the technical charts, the stock’s 200-DMA stood at Rs 990.93, while the 50-DMA was at Rs 911.19. 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 14.3% over the past year, while Sensex is up 13.84% over the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 139.13 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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