Max Financial stock price: Max Financial shares up 1.72% as Nifty gains

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The shares of Max Financial Services Ltd. rose 1.72% to Rs 823.45 in Friday trade. It reached an intraday high of Rs 842.25 and a low of Rs 816.65, respectively, during the day.

The stock quoted a 52-week high of Rs 1147.9 and a low of Rs 802.45.

As of 1:24 p.m. (IST), the counter recorded a total trading volume of 14,241 shares with a traded value of Rs 1.17 crore, according to NSE.

The stock had closed at Rs 809.55 in the previous session.

The certificate is down -9.46% in the last month to date, while the benchmark BSE Sensex index has slipped -8.86% in the same period.

According to stock data, the stock traded at a price-earnings (P/E) multiple of 141.09 while the price-to-book ratio stood at 8.87. 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 December 31, 2021, while FII and MF’s stake in the company was 26.08% and 25.16%, respectively.

Key financial data
The company reported consolidated sales of Rs 6,954.76 crore for the quarter ended December 31, 2021, down 25.44% from Rs 9,327.37 crore in the previous quarter and down 22.64% from to Rs 8990.28 crore in the prior year quarter. Its net profit for the last quarter stood at Rs 74.86 crore, down 57.42% from the same quarter a year ago.

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