Max Financial stock price: Max Financial stock drops 0.7% as Nifty falls

NEW DELHI: Shares of Max Financial Services Ltd. traded down 0.7% in Monday’s trading at 10:30 am (IST). Approximately 6,228 shares changed hands over the counter.

The certificate opened at Rs 781.15 and touched an intraday high and low of Rs 788.75 and Rs 775.55, 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 700.1.

The total market capitalization of Max Financial Services Ltd. stood at Rs 27,055.27 crore at the time of writing.

Key financial data

The company reported consolidated net 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 from Rs 8,990.28 crore in the prior year quarter.

Net profit for the last quarter stood at Rs 74.86 crore, down 57.42% 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 was trading at a P/E multiple of 136.63 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 Insurance – Life segment.


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