The year so far has belonged to insurance stocks, particularly life insurers. Among the lot, with gains of 72 per cent in six months, Max Financial Services, the holding company of Max Life Insurance (MLI) is the clear winner. Thus far, the deal with Axis Bank, first announced in February, has kept the interest alive in the counter.
In fact, with revised terms of the merger, analysts at CLSA, Emkay Global, Sharekhan and Investec Securities conclude the deal as more of less done. CLSA says, regulatory uncertainties are less likely. But trading at Rs 618.1 a share and despite its benign ...
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