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    Max Financial shares up 0.45% as Sensex rises

    Synopsis

    A total of 11,658 shares changed hands on the counter till 12:51PM (IST)

    Trading guideGetty Images
    Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
    Shares of Max Financial Services Ltd. gained 0.45 per cent to Rs 681.55 in Friday's session as of 12:51PM (IST) even as the equity benchmark Sensex traded 116.89 points higher at 61250.77.

    Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 1081.0 and a 52-week low of Rs 627.8 on NSE. Around 11658 shares changed hands on the counter till 12:51PM (IST).

    The stock opened at Rs 689.85 and has touched an intraday high and low of Rs 689.85 and Rs 676.0 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 78.27, earnings per share (EPS) of Rs 8.7 and price to book value (PB) of 6.61, while the return on equity (ROE) stood at Rs 6.43.

    Promoter/ FII Holding
    The promoters held 14.72 per cent stake in the company as of December 30, while FII and MF ownerships stood at 45.62 per cent and 28.05 per cent, respectively.

    Key Financials
    With a market capitalisation of Rs 23495.41 crore, the company operates in the Insurance - Life industry. For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 9322.59 crore, up 184.58 per cent from the previous quarter?s Rs 3275.89 crore and up 0.05 per cent from the same quarter a year ago. The company reported net profit of Rs 51.29 crore for the latest quarter, up 29.42 per cent from the corresponding quarter last year.

    Technical Indicators
    The relative strength index (RSI) of the stock stands at 45.21. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

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

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    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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