Max Financial share price down 0.18 per cent

Shares of Max Financial Services Ltd. traded 0.18 per cent up at Rs 927.0 at around 01:39PM (IST) on Wednesday. The stock had closed at Rs 928.7 in the previous session. Equity benchmark Sensex traded 577.63 points higher at 59440.2 around the same time.


The scrip has climbed 33.26 per cent in the last one year till date, while the 30-share index has gained 22.98 per cent during the same period.

The stock's 52-week high price stood at Rs 1147.9 and the 52-week low price at Rs 659.2.

Trading volume on the counter stood at 8,586 shares, while it quoted a price-to-earnings ratio of 161.67, an EPS value of 5.74 and a price-to-book value of 8.87. In the Nifty50 pack, 35 stocks traded in the green, while 15 stocks were in the red.

Promoter/FII Holding
Promoters held 14.72 per cent stake in the company as of 31-Dec-2021, while overseas investor and MF ownership stood at 47.94 per cent and 25.16 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 6954.76 crore, down 25.44 per cent from the previous quarter's Rs 9327.37 crore and down 22.64 per cent from the year-ago quarter's Rs 8990.28 crore. The company reported net profit of Rs 74.86 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.