Max Financial shares gain 2.87% as Sensex rises

Shares of Max Financial Services Ltd. traded 2.87 per cent up at Rs 824.95 at 10:00AM (IST) on Wednesday, even as BSE benchmark Sensex gained 212.35 points to 60868.07. The scrip had closed at Rs 801.95 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 1037.4 and Rs 627.8, respectively.

As per BSE data, total traded volume on the counter till 10:00AM (IST) stood at 10:00AM shares with turnover at Rs 1.71 crore.

At the prevailing price, the stock trades at 94.73 times its trailing 12-month EPS of Rs 8.7 per share and 6.61 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.27.

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