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    Buy Max Financial Services, target price Rs 920: Emkay Global Financial Services

    Synopsis

    Promoters held 14.72 per cent stake in the company as of 30-Sep-2022, while FIIs owned 45.62 per cent, DIIs 31.71 per cent.

    ​Specific tax treatmentsGetty Images
    Max Financial Services, incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 27657.50 Crore) operating in Financial Services sector.
    Emkay Global Financial Services has buy call on Max Financial Services with a target price of Rs 920. The current market price of Max Financial Services is Rs 801.55.

    Max Financial Services, incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 27657.50 Crore) operating in Financial Services sector.

    Max Financial Services key Products/Revenue Segments include Income From Dividend, Income From Sale Of Share & Securities, Sale of services, Rental Income and Interest for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 9322.59 Crore, up 184.58 % from last quarter Total Income of Rs 3275.89 Crore and down -.05 % from last year same quarter Total Income of Rs 9327.37 Crore. Company has reported net profit after tax of Rs 61.61 Crore in latest quarter.

    The company’s top management includes Mr.Analjit Singh, Mr.Mitsuru Yasuda, Mr.Charles Richard Vernon Stagg, Mr.D K Mittal, Mr.Hideaki Nomura, Mr.Jai Arya, Mr.Aman Mehta, Ms.Naina Lal Kidwai, Mr.Sahil Vachani, Mr.Mohit Talwar, Mr.K Narasimha Murthy. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2022, the company has a total of 35 Crore shares outstanding.

    Promoter/FII Holdings
    Promoters held 14.72 per cent stake in the company as of 30-Sep-2022, while FIIs owned 45.62 per cent, DIIs 31.71 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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