Getty ImagesShare price of . gained 2.07 per cent to Rs 670.85 at 10:00AM (IST) in Friday's trade. The scrip hit a high of Rs 672.5 and low of Rs 655.55 so far during the session. The stock had closed at Rs 657.25 in the previous session.
The counter had a total traded volume of 10:00AM shares so far with a turnover of Rs 0.71 crore on BSE. The stock traded at a price-to-earnings multiple of 77.18 and a price-to-book ratio of 6.61.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Max Financial Services Ltd. belongs to the Insurance - Life industry.
Promotor/FII Holding
Promoters held 14.72 per cent stake in the company as of 30-Sep-2022, while overseas investors and domestic institutional investors ownership stood at 45.62 per cent and 31.71 per cent, respectively.
Key Financials
The company reported consolidated net sales of Rs 9322.59 crore for the quarter ended 30-Sep-2022, up 184.58 per cent from the previous quarter's Rs 3275.89 crore and up 0.05 per cent from the year-ago quarter's Rs 9327.37 crore.
Its profit for the latest quarter stood at Rs 51.29 crore, up 29.42 per cent from the same quarter a year ago.
The counter had a total traded volume of 10:00AM shares so far with a turnover of Rs 0.71 crore on BSE. The stock traded at a price-to-earnings multiple of 77.18 and a price-to-book ratio of 6.61.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Max Financial Services Ltd. belongs to the Insurance - Life industry.
Promotor/FII Holding
Promoters held 14.72 per cent stake in the company as of 30-Sep-2022, while overseas investors and domestic institutional investors ownership stood at 45.62 per cent and 31.71 per cent, respectively.
Key Financials
The company reported consolidated net sales of Rs 9322.59 crore for the quarter ended 30-Sep-2022, up 184.58 per cent from the previous quarter's Rs 3275.89 crore and up 0.05 per cent from the year-ago quarter's Rs 9327.37 crore.
Its profit for the latest quarter stood at Rs 51.29 crore, up 29.42 per cent from the same quarter a year ago.
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.