Sharekhan recommended hold rating on Max Financial Services with a target price of Rs 470 in its research report dated December 27, 2018.
Broker Research
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Sharekhan's research report on Max Financial Services
Max Financial Services (MFS) is currently greatly dependent on tie up with Axis Bank for bancassurance MFS taking steps to develop alternatives channels, but bancassurance remains key. We believe current challenges make the outlook uncertain for the stock in the medium term.
Outlook
We revise our rating to Hold on the stock with an unchanged PT of Rs. 470.
For all recommendations report, click here
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Read MoreFirst Published on Dec 28, 2018 01:50 pm
