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Max Financial Services Ltd Share Price (MFSL)

₹969.70.55%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Max Financial Services Ltd

Key events for Max Financial Services Ltd

  • Max Financial Services Ltd Stock Shows Signs of Bullish Trend - 29 Feb, 2024

    The Max Financial Services Ltd stock has experienced a downward consolidation breakout on the daily chart but has found support around the previous consolidation level. The stock has regained the 21EMA, indicating a resumption of the bullish trend. On the upside, it may move towards Rs 1,010/1,030 while support is situated at Rs 939.

  • Max Financial Issues Clarification on Allegations of Undue Profits - 16 Feb, 2024

    Max Financial Services issued a clarification denying allegations of regulatory violations related to transactions with Axis Bank. The company believes there is no legal or regulatory anomaly in the transactions, and will defend itself before the court. Shares opened higher despite allegations made by BJP leader Subramanian Swamy.

  • Subramanian Swamy Alleges Scam Involving Axis Bank and Max Financial Services - 15 Feb, 2024

    BJP leader Subramanian Swamy has alleged a scam of nearly Rs 5,100 crore involving Axis Bank and Max Financial Services. The petition claims that Axis Bank made undue gains through transactions in shares of Max Life Insurance. Max Life denies allegations and says all adequate disclosures have been made.

  • Max Financial Services Receives Capital Infusion from Axis Bank - 14 Feb, 2024

    Axis Bank is set to infuse Rs 1,612 crore into Max Life Insurance over the next three months, according to Managing Director and CEO Prashant Tripathy. Meanwhile, MFSL's stock has exhibited a strong bullish trend with positive crossovers in RSI and MACD.

  • Max Life Insurance Survey Shows 8 out of 10 Working Women Invest in Life Insurance - 13 Feb, 2024

    A survey conducted by Max Life Insurance and KANTAR revealed that eight out of 10 working women in India are investing in life insurance, with a Protection Quotient of 47 points aligning with their male counterparts.

  • Mixed Results for Max Financial Services Ltd in Q3 FY24 - 08 Feb, 2024

    Max Financial Services reported an increase in net sales but a decrease in net income and EPS YoY for Q3 FY24. However, the company declared a decent performance with increased revenue and maintained its Neutral rating with a target price of Rs. 1,040.

  • Axis Bank Invests in Max Financial Services; IRDAI Approves Capital Infusion - 07 Feb, 2024

    Max Financial Services receives approval from IRDAI for a Rs 1,612 crore capital infusion by Axis Bank into Max Life Insurance. The company's Q3FY24 sales were reported at Rs 12,355.68 crore with a net profit of Rs 148.56 crore. Following the announcement, the stock rose over 6%.

  • Max Financial Services Receives Infusion Approval from Axis Bank - 06 Feb, 2024

    Max Life Insurance has received approval for a Rs 1,612 crore infusion by Axis Bank to improve its solvency margin. Meanwhile, Max Financial Services' earnings per share growth lags behind its share price growth over the past five years.

  • Max Life Insurance Requests Separate Tax Deduction Limit for Term Life Insurance - 31 Jan, 2024

    Max Life Insurance is requesting a separate tax deduction limit for term life insurance under the old tax regime. The CEO believes that deduction on life insurance should also be allowed under the new, minimal exemptions regime.

Analyst Rating for Max Financial Services Ltd stock

based on 15 analysts

BUY
86.67%
Buy
13.33%
Hold
0.00%
Sell

Based on 15 analysts offering long term price targets for Max Financial Services Ltd. An average target of ₹1150.6

Source: S&P Global Market Intelligence

Max Financial Services Ltd share Performance

  • ₹958.6
    ₹978.9
    ₹969.7
    downward going graph

    1.14%

    Downside

    Day's Volatility:2.09%

    Upside

    0.95%

    downward going graph
  • ₹599.1
    ₹1067.5
    ₹969.7
    downward going graph

    38.22%

    Downside

    52 Weeks Volatility:48.30%

    Upside

    10.09%

    downward going graph
1 Month Return6.94 %
3 Month Return-4.93 %
1 Year Return37.84 %
Previous Close₹964.35
Open₹964.45
Volume16.42L
Market Cap₹33,281.14Cr

Max Financial Services Ltd Company Information

Max Financial Services Ltd (MFS) is a stock listed on the Indian Stock Exchange. It provides financial services to corporate and retail customers. The services provided by MFS include investment banking, wealth management, stock broking, insurance distribution, and asset management. MFS also has joint ventures and partnerships with companies like Goldman Sachs, SBI Life Insurance, HSBC, and Manulife. Through its investments and partnerships, MFS strives to provide its customers with personalized financial solutions that meet their needs and help them grow their wealth. MFS has a long history of providing its clients with quality financial advice and products. With its focus on quality and customer service, MFS is a reliable and trustworthy provider of financial services.

Share Price: ₹969.70 per share as on 29 Feb, 2024 04:01 PM
Market Capitalisation: ₹33,281.14Cr as of today
Revenue: ₹0.00Cr as on December 2023 (Q4 23)
Net Profit: ₹171.21Cr as on December 2023 (Q4 23)
Listing date: 13 Dec, 1994
Chairperson Name: Analjit Singh
OrganisationMax Financial Services Ltd
HeadquartersNew Delhi
IndustryFinance
E-voting on sharesClick here to vote

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.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 4 quarters, 45.89 Cr → 148.56 Cr (in ₹), with an average increase of 29.6% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 30.27% to 31.93% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 9.17K Cr → 12.35K Cr (in ₹), with an average increase of 13.8% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Life Insurance Corporation of India has given 67.4% return, outperforming this stock by 29.5%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 6.52% of holdings in Dec 2023 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, SBI Life Insurance Company Ltd has given 75.7% return, outperforming this stock by 63.7%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 months, MFSL stock has moved down by -4.9%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 6.84% to 5.70% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 29.67% to 29.02% in Dec 2023 quarter

Max Financial Services Ltd Valuation

Max Financial Services Ltd in the last 5 years

  • Overview

  • Trends

Lowest (24.85x)

March 23, 2020

Industry (29.74x)

February 28, 2024

Today (77.40x)

February 28, 2024

Highest (165.96x)

January 11, 2022

LowHigh

Max Financial Services Ltd Mutual Fund Holdings

Funds Holdings
HDFC Mid-Cap Opportunities Fund -Direct Plan - Growth OptionHDFC Mid-Cap Opportunities Fund -Direct Plan - Growth Option2.83%
Nippon India Multi Cap Fund - Direct Plan - GrowthNippon India Multi Cap Fund - Direct Plan - Growth1.94%
Nippon India Growth Fund - Direct Plan - GrowthNippon India Growth Fund - Direct Plan - Growth1.86%
Mirae Asset Large & Midcap Fund Direct Plan GrowthMirae Asset Large & Midcap Fund Direct Plan Growth1.16%
Kotak Emerging Equity Scheme Direct GrowthKotak Emerging Equity Scheme Direct Growth0.82%

Max Financial Services Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
6.52%
0.00
Foreign Institutions
29.02%
-2.19
Mutual Funds
31.93%
5.47
Retail Investors
5.7%
-16.73
Others
26.83%
0.52

Technicals of Max Financial Services Ltd share

News & Events of Max Financial Services Ltd

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Max Financial Services Ltd (MFSL) share price today is ₹969.7

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 ₹978.9.
  • Today’s lowest price of Max Financial Services Ltd is ₹958.6.

PE Ratio of Max Financial Services Ltd is 77.4

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 16.42L.

Today’s market capitalisation of Max Financial Services Ltd(MFSL) is ₹33281.14Cr.

Max Financial Services Ltd(MFSLPrice
52 Week High
₹1067.5
52 Week Low
₹599.1

Max Financial Services Ltd(MFSL) share price is ₹969.7. It is down -9.16% from its 52 Week High price of ₹1067.5

Max Financial Services Ltd(MFSL) share price is ₹969.7. It is up 61.86% from its 52 Week Low price of ₹599.1

Max Financial Services Ltd(MFSLReturns
1 Day Returns
5.35%
1 Month Returns
6.94%
3 Month Returns
-4.93%
1 Year Returns
37.84%