Max Financial stock price: Max Financial stock drops 2.71% as Nifty drops

The shares of Max Financial Services Ltd. rose 2.71% to 773.8 rupees in Tuesday’s trade. It hit an intraday high of Rs 792.35 and a low of Rs 773.65, respectively, during the day.

The stock quoted a 52-week high of Rs 1147.9 and a low of Rs 700.1.

As of 1:03 p.m. (IST), the counter recorded a total trading volume of 5,403 shares with a traded value of Rs 0.42 crore, according to NSE.

The stock had closed at Rs 795.35 in the previous session.

The certificate is down -1.99% over the past month to date, while the benchmark BSE Sensex has gained 7.57% over the same period.

According to stock data, the stock traded at a price-earnings (P/E) multiple of 134.83 while the price-to-book ratio stood at 8.87. A higher P/E ratio shows that investors are willing to pay a higher price for the earnings per rupee generated by the stock due to better future growth expectations. The price-to-book ratio indicates the intrinsic value of a company and reflects the price investors are willing to pay even for a company with no growth.

The title belongs to the Insurance – Life sector.

Promoter/Fii Holding
The promoters held a 14.72% stake in the company as of December 31, 2021, while FII and MF’s stake in the company was 26.08% and 25.16%, respectively.

Key financial data
The company reported consolidated sales of Rs 6,954.76 crore for the quarter ended December 31, 2021, down 25.44% from Rs 9,327.37 crore in the previous quarter and down 22.64% from to Rs 8990.28 crore in the prior year quarter. Its net profit for the last quarter stood at Rs 74.86 crore, down 57.42% from the same quarter a year ago.

Eleanor C. William