Max Financial Share Price: Max Financial shares down 2.57% as Nifty gains

The stock quoted a 52-week high price of Rs 884.7 and low of Rs 627.8.

As of 10:31AM (IST), the counter saw total traded volume of 15,800 shares with a traded value of Rs 1.14 crore, according to NSE.

The stock had closed at Rs 738.65 in the previous session.

The scrip has declined -10.26 per cent in the past one month till date, while the benchmark BSE Sensex has gained 1.51 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 55.72 while price-to-book ratio stood at 6.61. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Insurance – Life industry. Promoter/FII Holding
Promoters held 11.45 per cent stake in the company as of 31-Dec-2022, while FII and MF ownership in the firm stood at 44.81 per cent and 32.26 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 8898.35 crore for the quarter ended 31-Dec-2022, down 4.55 per cent from the previous quarter’s Rs 9322.59 crore and down 27.95 per cent from the year-ago quarter’s Rs 6954.76 crore. Its net profit for the latest quarter stood at Rs 224.94 crore, up 200.48 per cent from the same quarter a year ago.