Max Financial stock price: Max Financial stock price drops 1.17% as Sensex climbs

The shares of Max Financial Services Ltd. fell 1.17% to Rs 849.05 at 1:31 p.m. (IST) on Wednesday. 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 8,616 shares with a turnover of Rs 0.74 crore as of 1:31 p.m. (IST). The stock traded at a price-to-earnings (P/E) multiple of 148.07, while the price-to-book ratio came in at 8.87.

The return on equity (ROE) was 12.72%, according to data from the exchange. The stock hit an intraday high of Rs 866.85 and a low of Rs 843.4 during the session and quoted a 52-week high price of Rs 1147.9 and a 52-week low of Rs 818, 45.

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 997.11 on February 16, while the 50-DMA was at Rs 956.64. 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 36.95. 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 December 31, 2021, promoters held 14.72% of the company’s capital, while FIIs held 47.94% and domestic institutional investors 29.31%.


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