Max Financial stock price: Max Financial shares rise 2.58% in Tuesday’s trading session

The shares of Max Financial Services Ltd. rose 2.58% to 980.75 rupees in Tuesday’s trading at 10:56 a.m. (IST), even as the benchmark Nifty reigned supreme at 17,195.00, up 108.75 points.

The certificate had closed at Rs 956.1 in the previous session. The stock traded a 52-week low of Rs 659.2 and a high of Rs 1147.9. The company quoted a market capitalization of Rs 33,890.27 crore on BSE.

On BSE, 5,729 shares have changed hands on the counter so far. At its prevailing price, the share traded at 113.36 times its 12-month EPS of 8.66 rupees per share and 8.87 times its book value. The return on equity (ROE) stood at Rs 12.72.

Key financial data

For the quarter ended September 30, 2021, Max Financial Services Ltd. reported consolidated sales of Rs 9,327.37 crore, up 32.87% from the same quarter a year ago. The company reported a 29.72 percent year-on-year decline in net profit to Rs 39.63 crore for the last quarter.

Technical indicators

The relative strength index (RSI) for the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say that the RSI indicator should not be considered in isolation, as it may not be sufficient to take a trade call, just as a fundamental analyst cannot give a “buy” or “sell” recommendation in using a single valuation ratio.


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