Max Financial stock price: Max Financial stock price drops 1.1% as Sensex slips

Shares of . fell 1.1% to Rs 841.3 as of 10:56 a.m. (IST) on Tuesday. 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 7,962 shares with a turnover of Rs 0.68 crore as of 10:56 a.m. (IST). The stock traded at a price-to-earnings (P/E) multiple of 114.6, 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 858.8 and a low of Rs 838.05 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 866.5 on July 26, while the 50-DMA was at Rs 804.09. 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 55.81. 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 FIIs held 45.62% and domestic institutional investors 31.41%.


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