Max Financial stock price: Max Financial stock price drops 0.57% as Sensex slips

The shares of Max Financial Services Ltd. fell 0.57% to Rs 1,008.5 at 2:01 p.m. (IST) on Thursday. Earlier in the day, the stock saw a gap in early trading.

According to available BSE data, the total amount traded over the counter stood at 32,425 shares with a turnover of Rs 3.24 crore as of 2:01 PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 116.59, while the price-to-book ratio stood at 8.87.

The return on equity (ROE) was 12.72%, according to data from the exchange. The stock hit an intraday high of Rs 1012.85 and a low of Rs 989.6 during the session and quoted a 52-week high price of Rs 1147.9 and a 52-week low of Rs 659, 2.

The stock’s beta, which measures its volatility relative to the broader market, was 1.27.

Technical indicators

The 200-DMA (daily moving average) of the stock stood at Rs 987.69 on 06 January, while the 50-DMA was at Rs 970.94. If a stock is trading above 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading below 50-DMA and 200-DMA, it is considered to be in a downtrend. If it is trading between 50-DMA and 200-DMA, it suggests that the stock can go either way.

The relative strength index (RSI) of stood at 58.63. The RSI fluctuates between zero and 100. Traditionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30.

Promoter holder

As of September 30, 2021, promoters held 14.72% of the company’s capital, while foreign institutional investors held 49.58% and domestic institutional investors 27.5%.

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