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Max Financial Services is currently trading at Rs. 603.00, up by 10.70 points or 1.81% from its previous closing of Rs 592.30 on the BSE.
The scrip opened at Rs. 584.00 and has touched a high and low of Rs. 608.30 and Rs. 581.90 respectively. So far 69958 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 627.40 on 08-Sep-2016 and a 52 week low of Rs. 303.00 on 25-Feb-2016.
Last one week high and low of the scrip stood at Rs. 627.40 and Rs. 568.00 respectively. The current market cap of the company is Rs. 16035.41 crore.
The promoters holding in the company stood at 30.45%, while Institutions and Non-Institutions held 59.56% and 10.00% respectively.
Max Financial Services has filed a joint application seeking Competition Commission of India’s (CCI’s) approval for amalgamation of Max Life Insurance Company and Max Financial Services into HDFC Standard Life Insurance Company. In August 2016, the board of HDFC had approved the merger of Max Life and Max Financial Services with its insurance arm HDFC Standard Life Insurance Company (HDFC Life). After completion of this amalgamation, the amalgamated entity is expected to have total premium of about Rs 26,000 crore and assets under management would be over Rs 1 lakh crore.
Max Financial Services, formerly known as Max India, the newly de-merged entity of the Max Group, holds around 72 percent in Max Life. The fourth-largest life insurer in the private sector, Max Life is a joint venture with Japan-headquartered Mitsui Sumitomo Insurance. The company has reported over 4-fold jump in its net profit at Rs 107.12 crore for the quarter ended June 30, 2016 as compared to Rs 24.73 crore for the same quarter in the previous year.
| Company Name | CMP |
|---|---|
| Max Financial | 1018.25 |
| Delphi World Money | 209.55 |
| SBFC Finance | 81.85 |
| Anand Rathi Wealth | 3949.40 |
| Prudent Corporate | 1621.75 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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