The counter opened at Rs 822.0 and touched an intraday high and low of Rs 824.25 and Rs 804.0, respectively, in the session so far. The stock of Max Financial Services Ltd. quoted a 52-week high of Rs 1147.9 and a 52-week low of Rs 697.05.
As per BSE, the total market cap of the Max Financial Services Ltd. stood at Rs 28239.02 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 8962.31 crore for the quarter ended 31-Mar-2022, up 28.87 per cent from previous quarter’s Rs 6954.76 crore and up 8.18 per cent from the year-ago quarter’s Rs 9760.31 crore.
The net profit for latest quarter stood at Rs 117.68 crore, up 88.77 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2022, domestic institutional investors held 28.05 per cent stake in the firm, while foreign institutional investors held 23.26 per cent and the promoters 14.72 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 111.46 and a price-to-book ratio of 6.61. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Max Financial Services Ltd. belongs to the Insurance – Life industry.
