Share price of Max Financial jumps as Sensex gains 162.68 points

The share price of Max Financial Services Ltd. gained 0.72 per cent to Rs 643.2 at 10:46AM (IST) in Thursday's trade. The counter has hit a high of Rs 648.35 and low of Rs 637.5 so far during the session. The stock had closed at Rs 638.6 in the previous session.

The counter has had a total traded volume of 6360 shares so far with a value of Rs 0.41 crore on the NSE. It traded at a price-to-earnings multiple of 49.44 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 10.35 per cent during the past one year, while the 30-share index advanced 7.57 per cent during the same period.

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 overseas investors and domestic institutional investors ownership stood at 47.71 per cent and 29.78 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.

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