Max Financial stock price: Max Financial shares up 0.07% as Nifty falls

NEW DELHI: Shares of . traded up 0.07% in Monday’s trade at 11:52 a.m. (IST). Approximately 7,153 shares changed hands over the counter.

The stock opened at Rs 845.5 and touched an intraday high and low of Rs 851.0 and Rs 840.75, respectively, during the session so far. The action of Max Financial Services Ltd. quoted a 52-week high of Rs 1147.9 and a 52-week low of Rs 697.05.

The total market capitalization of Max Financial Services Ltd. stood at Rs 29,155.3 crore at the time of writing.

Key financial data

The company reported consolidated sales of Rs 8,962.31 crores for the quarter ended March 31, 2022, up 28.87% from Rs 6,954.76 crores in the previous quarter and up 8.18% from to Rs 9760.31 crores in the prior year quarter.

Net profit for the last quarter stood at Rs 117.68 crore, up 88.77% from the corresponding quarter last year.

Ownership model

As of June 30, 2022, domestic institutional investors held 28.0% of the company’s capital, while foreign institutional investors held 45.62% and promoters 14.72%.

Valuation coefficient

According to BSE data, the stock was trading at a P/E multiple of 115.07 and a price-to-book ratio of 6.61. A higher P/E ratio shows that investors are willing to pay a higher price due to better expectations for future growth. The price-to-book ratio indicates the intrinsic value of a company and is the measure of the price that investors are willing to pay even without growth of the company.

Max Financial Services Ltd. belongs to the sector ‘Life insurance’.


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