The stock opened at Rs 721.45 and touched an intraday high and low of Rs 738.85 and Rs 715.85, 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.
According to BSE, the total market capitalization of Max Financial Services Ltd. stood at Rs 25,447.04 crore at the time of writing.
Key financial data
The company reported consolidated net sales of Rs 8,962.31 crore for the quarter ended March 31, 2022, up 28.87% from Rs 6,954.76 crore in the previous quarter and up 8.18% from from Rs 9760.31 crore in the prior year quarter.
Net profit for the last quarter stood at Rs 117.68 crore, up 88.77% from the same quarter a year ago.
Ownership model
As of March 31, 2022, domestic institutional investors held 28.05% of the company’s capital, while foreign institutional investors held 23.26% and promoters 14.72%.
Valuation coefficient
According to BSE data, the stock traded at a price-to-earnings multiple of 100.44 and a price-to-book ratio of 8.87. 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’.
