Share price of Max Financial falls as Sensex drops 158.95 points

The share price of Max Financial Services Ltd. dropped 1.5 per cent to Rs 783.55 at 01:29PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 794.1 and low of Rs 779.05 so far during the session. The stock had closed at Rs 795.5 in the previous session.

The counter has had a total traded volume of 8932 shares so far with a value of Rs 0.7 crore on the NSE. It traded at a price-to-earnings multiple of 95.15 and a price-to-book ratio of 6.61.

A higher price-to-earnings ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 26.52 per cent during the past one year, while the 30-share index advanced 7.9 per cent during the same period.

Max Financial Services Ltd. belongs to the Insurance - Life industry.

Promotor/FII Holding
Promoters held 14.72 per cent stake in the company as of 30-Jun-2022, while overseas investors and domestic institutional investors ownership stood at 23.76 per cent and 28.0 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 3275.89 crore for the quarter ended 30-Jun-2022, down 63.45 per cent from the previous quarter's Rs 8962.31 crore and down 44.88 per cent from the year-ago quarter's Rs 5943.14 crore.

Profit for the latest quarter stood at Rs 56.36 crore, up 165.97 per cent from the same quarter a year ago.