Share price of Max Financial falls as Nifty strengthens

Share price of Max Financial falls as Nifty strengthens
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Synopsis

A total of 7,815 shares changed hands on the counter till 11:21AM (IST).

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Shares of Max Financial Services Ltd. slipped 0.04 per cent to Rs 1049.55 in Thursday's trade as of 11:21AM (IST).

The stock hit a high price of Rs 1065.0 and low of Rs 1044.3 during the session.

The return on equity (ROE) for the stock stood at 12.72 per cent. Traded volume on the counter stood at 11:21AM shares and turnover at Rs 0.82 crore around that time.

The stock of Max Financial Services Ltd. quoted a 52-week high and 52-week low prices of Rs 1147.9 and Rs 659.2, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.27.

Promotor/FII Holding
Promoters held 14.72 per cent stake in the company as of 30-Sep-2021, while overseas investors held 49.58 per cent and domestic institutional investors had 27.5 per cent.

Key Financials
The company reported consolidated sales of Rs 9327.37 crore for the quarter ended 30-Sep-2021, up 56.94 per cent from previous quarter's Rs 5943.14 crore and up 32.87 per cent from the year-ago quarter's Rs 7020.11 crore.

Net profit after tax for the latest quarter stood at Rs 39.63 crore, down 29.72 per cent from the same quarter a year ago.

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