Max Financial shares up 0.81% as Nifty falls

Shares of Max Financial Services Ltd. rose 0.81 per cent to Rs 677.0 in Thursday's trade. It hit an intraday high of Rs 677.0 and low of Rs 656.65, respectively, during the day.

The stock quoted a 52-week high price of Rs 1081.0 and low of Rs 627.8.

As of 01:43PM (IST), the counter saw total traded volume of 10,502 shares with a traded value of Rs 0.7 crore, according to NSE.

The stock had closed at Rs 671.55 in the previous session.

The scrip has declined -2.57 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.71 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 77.67 while price-to-book ratio stood at 6.61. 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 30-Sep-2022, while FII and MF ownership in the firm stood at 23.76 per cent and 28.0 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 9322.59 crore for the quarter ended 30-Sep-2022, up 184.58 per cent from the previous quarter's Rs 3275.89 crore and up 0.05 per cent from the year-ago quarter's Rs 9327.37 crore. Its net profit for the latest quarter stood at Rs 51.29 crore, up 29.42 per cent from the same quarter a year ago.