Max Financial stock price: Max Financial stock drops 3.78% as Sensex falls

The shares of Max Financial Services Ltd. fell 3.78% to Rs 935.8 in Friday’s session at 13:57 (IST), even as the benchmark Sensex shares traded down 407.36 points at 59,057.26.

Earlier in the day, the stock saw a gap in early trading. The stock quoted a 52-week high of Rs 1147.9 and a 52-week low of Rs 659.2 on NSE. Around 461,816 shares changed hands on the counter till 13:57 (IST).

The stock opened at Rs 965.1 and touched an intraday high and low of Rs 967.35 and Rs 935.15 during the session so far. The counter quoted a price-earnings (PE) ratio of 110.32, earnings per share (EPS) of Rs 8.66 and price to book value (PB) of 8.87, while return on equity (ROE) stood at Rs 12.72.

Promoter/ Holding FII
The promoters held 14.72% of the company’s capital as of January 21, while the holdings of FII and MF amounted to 47.94% and 25.16% respectively.

Key financial data

With a market capitalization of Rs 32982.62 crore, the company operates in the Life Insurance segment. For the quarter ended September 30, 2021, the company reported consolidated sales of Rs 9,327.37 crore, up 56.94% from the previous quarter of Rs 5,943.14 crore and up 32.87% from compared to the same quarter a year ago. The company reported a net profit of Rs 39.63 crore for the last quarter, down 29.72% from the corresponding quarter last year.

Technical indicators
The relative strength index (RSI) of the stock stands at 34.43. 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.


Comments are closed.