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Max Financial shares down 0.81% as Nifty falls

Shares of Max Financial Services Ltd. rose 0.81 per cent to Rs 781.35 in Monday’s trade. It hit an intraday high of Rs 786.1 and low of Rs 753.45, respectively, during the day.

The stock quoted a 52-week high price of Rs 1147.9 and low of Rs 753.45.

As of 11:01AM (IST), the counter saw total traded volume of 10,721 shares with a traded value of Rs 0.82 crore, according to NSE.

The stock had closed at Rs 787.7 in the previous session.

The scrip has declined -10.14 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -7.79 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 136.97 while price-to-book ratio stood at 8.87. 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 14.72 per cent stake in the company as of 31-Dec-2021, while FII and MF ownership in the firm stood at 26.08 per cent and 25.16 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 6954.76 crore for the quarter ended 31-Dec-2021, down 25.44 per cent from the previous quarter’s Rs 9327.37 crore and down 22.64 per cent from the year-ago quarter’s Rs 8990.28 crore. Its net profit for the latest quarter stood at Rs 74.86 crore, down 57.42 per cent from the same quarter a year ago.

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