Max Financial stock price: Max Financial shares up 0.8% as Nifty gains

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Shares of . rose 0.8% to Rs 810.85 in Monday trading. It hit an intraday high of Rs 814.05 and a low of Rs 789.35, respectively, during the day.

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

As of 1:29 p.m. (IST), the counter recorded a total trading volume of 9,241 shares with a traded value of Rs 0.74 crore, according to NSE.



The stock had closed at Rs 804.4 in the previous session.

The certificate advanced 1.32% in the past month to date, while the benchmark BSE Sensex index slipped -4.25% in the same period.

According to data from the exchange, the stock traded at a price/earnings multiple (P/E) of 110.15 while the price-to-book ratio stood at 6.61. A higher P/E ratio shows that investors are willing to pay a higher price for the earnings per rupee generated by the stock due to better future growth expectations. The price-to-book ratio 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.

Promoter/Fii Holding
The promoters held a 14.72% stake in the company as of March 31, 2022, while FII and MF’s stake in the company was 23.26% and 28.05%, respectively.

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. Its net profit for the last quarter stood at Rs 117.68 crore, up 88.77% from the same quarter a year ago.

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