Max Financial declines 0.41% as Sensex slides

Shares of . traded at Rs 806.35 on BSE at 01:08PM (IST) on Thursday, down 0.41 per cent from previous close.

The scrip quoted a 52-week low price of Rs 697.05 and a high of Rs 1081.0.

Earlier, the stock saw a gap up opening in the morning.

A total of 59,335 lakh shares changed hands on the counter till 01:08PM (IST).

The stock of Max Financial Services Ltd. commanded a market value of Rs 27805.9 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 96.37, while the price-to-book value ratio stood at 6.61. Return on equity (ROE) was at 6.43 per cent, according to exchange data.

In the BSE500 pack, 202 stocks traded in the green, while 299 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-Jun-2022 while overseas and domestic institutional investors owned 23.76 per cent and 28.0 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 835.37 on September 22, while the 50-DMA was at 819.39. 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.