Max Financial rises 0.79% as Sensex slides

Shares of Max Financial Services Ltd. traded at Rs 841.05 on BSE at 11:32AM (IST) on Tuesday, up 0.79 per cent from previous close.

The scrip quoted a 52-week low price of Rs 627.8 and a high of Rs 960.0.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 11,590 lakh shares changed hands on the counter till 11:32AM (IST).

The stock of Max Financial Services Ltd. commanded a market value of Rs 29027.6 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 96.7, while the price-to-book value ratio stood at 6.61. Return on equity (ROE) was at 6.43 per cent, according to exchange data.

In the BSE500 pack, 381 stocks traded in the green, while 120 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.27.

Promotor/FII Holding
Promoters held 14.72 per cent in Max Financial Services Ltd. as of 31-Dec-2022 while foreign portfolio investors and domestic institutional investors owned 23.76 per cent and 28.0 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 764.37 on January 31, while the 50-DMA was at 733.87. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.