Max Financial stock price: Max Financial shares up 3.53% as Nifty gains

NEW DELHI: Shares of . traded up 3.53% in Tuesday trade at 11:16 a.m. (IST). Approximately 12,504 shares changed hands over the counter.

The counter opened at Rs 793.4 and touched an intraday high and low of Rs 818.7 and Rs 792.6, respectively, during the session so far. The shares 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 28,166.54 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 March 31, 2022, DIIs held 28.05% of the company’s capital, while foreign institutional investors held 45.12% and promoters 14.72%.

Valuation coefficient

According to BSE data, the stock traded at a price-to-earnings multiple of 111.17 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 inherent value of a company and is the measure of the price that investors are willing to pay even if the company does not grow.

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


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