Max Financial rises 1.59% as Sensex climbs

Shares of Max Financial Services Ltd. traded at Rs 993.8 on BSE at 10:35AM (IST) on Monday, up 1.59 per cent from previous close.

The scrip quoted a 52-week low price of Rs 659.2 and a high of Rs 1147.9.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 5,514 lakh shares changed hands on the counter till 10:35AM (IST).

The stock of Max Financial Services Ltd. commanded a market value of Rs 33759.13 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 112.92, while the price-to-book value ratio stood at 8.87. Return on equity (ROE) was at 12.72 per cent, according to exchange data.

In the BSE500 pack, 409 stocks traded in the green, while 91 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.27.

Promotor/FII Holding
Promoters held 14.72 per cent in Max Financial Services Ltd. as of 30-Sep-2021 while foreign portfolio investors and domestic institutional investors owned 27.72 per cent and 23.17 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 985.48 on January 03, while the 50-DMA was at 967.74. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.