Max Financial stock price: Max Financial stock drops 1.36% as Nifty falls

NEW DELHI: Shares of . traded down 1.36% in Thursday trade at 12:43 (IST). Approximately 7,289 shares changed hands over the counter.

The counter opened at Rs 827.75 and touched an intraday high and low of Rs 832.3 and Rs 815.45, respectively, during the session so far. The shares of Max Financial Services Ltd. quoted a 52-week high of Rs 1140.0 and a 52-week low of Rs 697.05.

The total market capitalization of Max Financial Services Ltd. stood at Rs 28,252.82 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 same quarter a year ago.

Ownership model

As of June 30, 2022, DIIs held 28.0% of the company’s capital, while foreign institutional investors held 45.62% and promoters 14.72%.

Valuation coefficient

According to BSE data, the stock was trading at a P/E multiple of 97.92 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 investors are willing to pay even if the company does not grow.

Max Financial Services Ltd. belongs to the Insurance – Life segment.


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