Max Financial stock price: Max Financial stock drops 1.05% as Sensex rises

Shares of . fell 1.05% to Rs 812.05 in Monday’s session at 12:43 (IST) even as the benchmark Sensex shares traded down 476.33 points at 58,864.26.

Earlier in the day, the stock saw a gap in early trading. The stock quoted a 52-week high of Rs 1136.8 and a 52-week low of Rs 697.05 on NSE. Around 7009 shares changed hands at the counter till 12:43 (IST).

The stock opened at Rs 831.95 and touched an intraday high and low of Rs 831.95 and Rs 811.05 during the session so far. The meter quoted a price to earnings (PE) ratio of 97.25, earnings per share (EPS) of Rs 8.36 and price to book value (PB) of 6.61, while return on equity (ROE) stood at Rs 6.43.

Promoter/ Holding FII
The promoters held 14.72% of the company’s capital as of August 8, while the stakes of FII and MF amounted to 45.62% and 28.0% respectively.

Key financial data

With a market capitalization of Rs 28059.56 crore, the company operates in the Life Insurance segment. For the quarter ended June 30, 2022, the company reported consolidated sales of Rs 3,275.89 crore, down 63.45% from the previous quarter of Rs 8,962.31 crore and down 44.88% from compared to the same quarter a year ago. The company reported a net profit of Rs 56.36 crore for the last quarter, up 165.97% from the corresponding quarter last year.

Technical indicators
The relative strength index (RSI) of the stock stands at 45.25. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and an oversold condition when it is below 30. Analysts say that the RSI indicator should not be considered in isolation, as it may not be enough to take a trade call, just as a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.


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