Max Financial stock price down 0.44 per cent as Sensex slides

Shares of Max Financial Services Ltd. fell 0.44 per cent to Rs 785.1 at 02:04PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 10,231 shares with a turnover of Rs 0.8 crore till 02:04PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 134.93, 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. The stock hit an intraday high of Rs 794.2 and a low of Rs 772.65 during the session and quoted a 52-week high price of Rs 1147.9 and a 52-week low of Rs 700.1.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 973.14 on April 05, while the 50-DMA was at Rs 825.58. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 49.65. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Dec-2021, promoters held 14.72 per cent stake in the company, while FIIs held 47.94 per cent and domestic institutional investors had 29.31 per cent.