Max Financial Services Ltd (MFSL)
₹1024.8▲0.46%
Max Financial Services Ltd share Performance
- ₹1,001.05₹1,030₹1024.8
2.32%
Low
Day's Volatility:2.82%
High
0.51%
- ₹660.6₹1,092₹1024.8
35.54%
Low
52 Weeks Volatility:42.10%
High
6.56%
| Returns % | |
| 1 Month Return | + 1.49 % |
| 3 Month Return | + 4.11 % |
| 1 Year Return | + 51.54 % |
| Market Stats | |
| Previous Close | ₹₹1,020.15 |
| Open | ₹₹1,025.00 |
| Volume | ₹32.16K |
| Upper Circuit | ₹- |
| Lower Circuit | ₹- |
| Market Cap | ₹₹35,206.88Cr |
Analyst Rating
based on 16 analysts
Based on 16 analysts offering long term price targets for Max Financial Services Ltd. An average target of ₹1216.75
Source: S&P Global Market Intelligence
Company Information
Share Price: ₹1024.80 per share as on 18 May, 2024 04:01 PM
Market Capitalisation: ₹35,206.88Cr as of today
Revenue: ₹0.00Cr as on March 2024 (Q1 24)
Net Profit: ₹-50.08Cr as on March 2024 (Q1 24)
Listing date: 13 Dec, 1994
Chairperson Name: Analjit Singh
| Organisation | Max Financial Services Ltd |
| Headquarters | Noida |
| Industry | Finance |
| E-voting on shares | Click here to vote |
Key events for Max Financial Services Ltd
Max Life's JV with Axis Bank delivers highest premium growth among listed players - 13 May, 2024
According to CLSA, Max Life has delivered the highest premium growth among listed players in FY24. The bank-backed insurer is trading at its bear-case scenario despite delivering industry-level growth in the past decade. CLSA maintains a buy rating and raises Max Life's target price from Rs 1,225 to Rs 1,400, implying 2.2x FY26 PEV. It is their top pick in the insurance sector.
Mixed Results and Neutral Rating for Max Financial Services - 09 May, 2024
Max Financial Services reports mixed results with strong revenue growth exceeding estimates, but lower-than-expected EPS. Analysts give a neutral rating with a target price of Rs 1,040 due to pruned VNB margin estimates.
Max Financial Reports Strong Q4 Results and Buy Rating from UBS - 08 May, 2024
Max Financial Services reports strong Q4 results with a 50% increase in operating and total revenue. However, net profit declined by 10%. UBS maintains a buy rating on the stock with a target price of Rs 1270.
Max Financial Services Ltd has high institutional ownership - 28 Apr, 2024
With 57% institutional ownership and top 7 shareholders holding 52%, Max Financial Services stock price may be vulnerable to their trading decisions. Researching institutional ownership is a good way to gauge and filter the stock's expected performance.
Max Financial Services Promoters Increase Pledge on Holdings - 16 Apr, 2024
In Q4FY24, Max Financial Services' promoters increased their pledge on holdings from 59.57% to 69.15%. The company's revenue grew by 38.89%, but profits decreased from Rs. 269 Crores to Rs. 171 Crores.
Max Life Insurance Crosses ₹1.5 Lakh Crore AUM Mark - 15 Apr, 2024
Max Life Insurance, a joint venture between Max Financial Services and Axis Bank, has crossed the ₹1.5-lakh crore mark in assets under management as of March 31, 2024. The company's AUM has seen a 1.5x increase since September 2021, reflecting a growth rate of over 20% YoY. Max Life's gross written premium grew by 16% to ₹18,793 crore in first nine months of FY24.
Fundamentals of Max Financial Services Ltd
Insights on Max Financial Services Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTMF Holding Up
Mutual Funds have increased holdings from 31.93% to 34.59% in Mar 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 4 quarters, 9.17K Cr → 14.89K Cr (in ₹), with an average increase of 14.9% per quarter
- POSITIVE IMPACT
Price Rise
In the last 3 years, MFSL stock has moved up by 14.6%
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 5.70% to 5.85% in Mar 2024 quarter
NO EFFECTAgainst Peers
In the last 1 year, Life Insurance Corporation of India has given 70.8% return, outperforming this stock by 19.3%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 6.52% of holdings in Mar 2024 quarter
- NO EFFECT
Against Peers
In the last 3 years, SBI Life Insurance Company Ltd has given 48.1% return, outperforming this stock by 33.5%
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 29.02% to 25.85% in Mar 2024 quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 148.56 Cr → -44.05 Cr (in ₹), with an average decrease of 129.7% per quarter
Max Financial Services Ltd Valuation
Max Financial Services Ltd in the last 5 years
Lowest (24.85x)
March 23, 2020
Industry (30.91x)
May 17, 2024
Today (103.57x)
May 17, 2024
Highest (165.96x)
January 11, 2022
Mutual Fund Holdings
Shareholding Pattern
| Investors | Holdings % | Prev. 1 periods | 3M change |
|---|---|---|---|
| Promoter Holdings | 6.52% | 0.00 | |
| Foreign Institutions | 25.85% | 0.00 | |
| Mutual Funds | 34.59% | 0.00 | |
| Retail Investors | 5.85% | 0.00 | |
| Others | 27.2% | 0.00 |
Technicals of Max Financial Services Ltd share
News & Events of Max Financial Services Ltd
Frequently Asked Questions
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Max Financial Services Ltd (MFSL) share price today is ₹1024.8
Max Financial Services Ltd is listed on NSE
Max Financial Services Ltd is listed on BSE
- Today’s highest price of Max Financial Services Ltd is ₹1030.
- Today’s lowest price of Max Financial Services Ltd is ₹1001.05.
PE Ratio of Max Financial Services Ltd is 103.57
PE ratio = Max Financial Services Ltd Market price per share / Max Financial Services Ltd Earnings per share
Today’s traded volume of Max Financial Services Ltd(MFSL) is 32.16K.
Today’s market capitalisation of Max Financial Services Ltd(MFSL) is ₹35206.88Cr.
| Max Financial Services Ltd(MFSL | Price |
|---|---|
52 Week High | ₹1092 |
52 Week Low | ₹660.6 |
Max Financial Services Ltd(MFSL) share price is ₹1024.8. It is down -6.15% from its 52 Week High price of ₹1092
Max Financial Services Ltd(MFSL) share price is ₹1024.8. It is up 55.13% from its 52 Week Low price of ₹660.6
| Max Financial Services Ltd(MFSL | Returns |
|---|---|
1 Day Returns | 4.65% |
1 Month Returns | 1.49% |
3 Month Returns | 4.11% |
1 Year Returns | 51.54% |