Max Financial stock price: Max Financial’s stock price up 1.0% as Sensex climbs

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The shares of Max Financial Services Ltd. rose 1.0 percent to Rs 978.85 at 10:10 am (IST) on Wednesday. Earlier today, the title saw a gap at the start of the session.

According to the data available on BSE, the total quantity traded over the counter stood at 9,663 shares with a turnover of Rs 0.94 crore until 10:10 am (IST). The stock traded at a price / earnings (P / E) multiple of 112.97, while the price-to-book ratio stood at 8.87.

Return on equity (ROE) was 12.72 percent, according to exchange data. The stock hit an intraday high of Rs 983.3 and a low of Rs 960.0 during the session and listed a 52-week high of Rs 1147.9 and a 52-week low of Rs 659 , 2.

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

Technical indicators

The 200-DMA (Daily Moving Average) for the stock stood at Rs 984.5 on December 29, while the 50-DMA was at Rs 967.85. 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, this is considered a downtrend. If it is trading between 50-DMA and 200-DMA, it suggests that the action can go either way.

The Relative Strength Index (RSI) of was 54.03. The RSI fluctuates between zero and 100. Traditionally, a stock is considered overbought when the value of the RSI is above 70 and oversold when it is below 30.

Holding promoter

As of September 30, 2021, developers held 14.72 percent of the company’s capital, while foreign institutional investors held 49.58 percent and domestic institutional investors 27.5 percent.


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