Share price of Max Financial rises as Nifty strengthens

Share price of Max Financial rises as Nifty strengthens
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Synopsis

A total of 5,093 shares changed hands on the counter till 11:47AM (IST).

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India 10-year bond yield rose 0.05 per cent to 6.03 after trading in 6.02-6.04 range.
Shares of Max Financial Services Ltd. gained 2.35 per cent to Rs 879.05 in Wednesday's trade as of 11:47AM (IST).

The stock hit a high price of Rs 879.05 and low of Rs 855.5 during the session.

The return on equity (ROE) for the stock stood at 12.72 per cent. Traded volume on the counter stood at 11:47AM shares and turnover at Rs 0.44 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 719.0, 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 31-Dec-2021, while FIIs held 47.94 per cent and domestic institutional investors had 29.31 per cent.

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

Net profit after tax for the latest quarter stood at Rs 74.86 crore, down 57.42 per cent from the same quarter a year ago.

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