Max Financial stock price: Max Financial stock price drops 0.01% as Sensex slips

Shares of . fell 0.01% to Rs 825.75 at 12:38 (IST) on Thursday. Earlier in the day, the stock saw a gap in early trading.

According to available BSE data, the total amount traded over the counter stood at 11,578 shares with a turnover of Rs 0.96 crore till 12:38 (IST). The stock was trading at a price-to-earnings (P/E) multiple of 112.48, while the price-to-book ratio stood at 6.61.

The return on equity (ROE) was 6.43%, according to data from the exchange. The stock hit an intraday high of Rs 829.3 and a low of Rs 821.7 during the session and quoted a 52-week high price of Rs 1147.9 and a 52-week low of Rs 697, 05.

The stock’s beta, which measures its volatility relative to the broader market, was 1.27.

Technical indicators

The 200-DMA (daily moving average) of the stock stood at Rs 873.35 on July 14, while the 50-DMA was at Rs 783.75. If a stock is trading above 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading below 50-DMA and 200-DMA, it is considered to be in a downtrend. If it is trading between 50-DMA and 200-DMA, it suggests that the stock can go either way.

The relative strength index (RSI) of stood at 54.56. The RSI fluctuates between zero and 100. Traditionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30.

Promoter holder

As of June 30, 2022, promoters held 14.72% of the company’s capital, while foreign investors held 45.62% and domestic institutional investors 31.41%.


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