Max Financial share price down 2.03 per cent

Shares of Max Financial Services Ltd NSE -2.23 %. traded 2.03 per cent up at Rs 765.8 at around 11:32AM (IST) on Monday. The stock had closed at Rs 781.7 in the previous session. Equity benchmark Sensex traded 849.37 points lower at 57249.55 around the same time.

The scrip has declined 26.68 per cent in the last one year till date, while the 30-share index has slipped -2.98 per cent during the same period.

The stock's 52-week high price stood at Rs 1081.0 and the 52-week low price at Rs 697.05.

Trading volume on the counter stood at 8,766 shares, while it quoted a price-to-earnings ratio of 91.59, an EPS value of 8.36 and a price-to-book value of 6.61. In the Nifty50 pack, 6 stocks traded in the green, while 44 stocks were in the red.

Promoter/FII Holding

Promoters held 14.72 per cent stake in the company as of 30-Jun-2022, while FII and MF ownership stood at 45.62 per cent and 28.0 per cent, respectively.

Key Financials

For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 3275.89 crore, down 63.45 per cent from the previous quarter's Rs 8962.31 crore and down 44.88 per cent from the year-ago quarter's Rs 5943.14 crore. The company reported net profit of Rs 56.36 crore for the latest quarter.

Technical Indicators

The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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