Max Financial shares gain 3.0% as Sensex rises

Shares of Max Financial Services Ltd. traded 3.0 per cent up at Rs 654.5 at 10:05AM (IST) on Monday, even as BSE benchmark Sensex gained 533.27 points to 61587.56. The scrip had closed at Rs 635.45 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 884.7 and Rs 599.3, respectively.

As per BSE data, total traded volume on the counter till 10:05AM (IST) stood at 10:05AM shares with turnover at Rs 0.92 crore.

At the prevailing price, the stock trades at 50.02 times its trailing 12-month earnings per share of Rs 13.05 per share and 6.61 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.27.

Shareholding Details
Promoters held 10.15 per cent stake in the company as of 31-Mar-2023, while FIIs owned 47.7 per cent and DIIs 34.06 per cent.