Share price of Max Financial falls as Sensex gains 327.96 points

Share price of Max Financial Services Ltd. dropped 0.03 per cent to Rs 639.45 at 01:54PM (IST) in Tuesday's trade. The counter hit a high of Rs 648.7 and low of Rs 630.35 so far during the session. The stock had closed at Rs 639.65 in the previous session.

The counter had a total traded volume of 01:54PM shares so far with a turnover of Rs 0.79 crore on BSE. The stock traded at a price-to-earnings multiple of 49.03 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 10.15 per cent stake in the company as of 31-Mar-2023, while FIIs and domestic institutional investors ownership stood at 47.7 per cent and 34.06 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 8898.35 crore for the quarter ended 31-Dec-2022, down 4.55 per cent from the previous quarter's Rs 9322.59 crore and down 27.95 per cent from the year-ago quarter's Rs 6954.76 crore.

Its profit for the latest quarter stood at Rs 224.94 crore, up 200.48 per cent from the same quarter a year ago.