Max Financial stock price: Max Financial stock price rose 1.35% as Sensex climbs

Shares of . rose 1.35% to reach Rs 725.8 at 11:01 a.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 4,568 shares with a turnover of Rs 0.33 crore as of 11:01 a.m. (IST). The stock traded at a price-to-earnings (P/E) multiple of 98.82, 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 727.5 and a low of Rs 714.0 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 919.83 on May 25, while the 50-DMA was at Rs 749.49. 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 47.55. 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 March 31, 2022, promoters held 14.72% of the company’s capital, while foreign institutional investors held 45.12% and domestic institutional investors 32.15%.


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