Max Financial stock price: Max Financial shares up 1.86% as Nifty falls

NEW DELHI: Shares of . traded up 1.86% in Thursday trade at 10:10 a.m. (IST). Approximately 15,103 shares changed hands over the counter.

The counter opened at Rs 794.9 and touched an intraday high and low of Rs 816.5 and Rs 794.9, respectively, during the session so far. The action of Max Financial Services Ltd. quoted a 52-week high of Rs 1136.8 and a 52-week low of Rs 697.05.

According to BSE, the total market capitalization of Max Financial Services Ltd. stood at Rs 27,921.51 crore at the time of writing.

Key financial data

The company reported consolidated net sales of Rs 3,275.89 crore for the quarter ended June 30, 2022, down 63.45% from Rs 8,962.31 crore in the previous quarter and down 44.88% from compared to Rs 5943.14 crore in the prior year quarter.

Net profit for the last quarter stood at Rs 56.36 crore, up 165.97% 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 23.76% and promoters 14.72%.

Valuation coefficient

According to BSE data, the stock traded at a price-to-earnings multiple of 96.77 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 Insurance – Life segment.


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