Max Financial Services gains on reporting 41% rise in Q3 net profit

12 Feb 2019

Max Financial Services is currently trading at Rs. 381.00, up by 2.60 points or 0.69% from its previous closing of Rs. 378.40 on the BSE.

The scrip opened at Rs. 371.00 and has touched a high and low of Rs. 385.50 and Rs. 370.15 respectively. So far 25966 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 539.40 on 12-Feb-2018 and a 52 week low of Rs. 343.95 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 405.65 and Rs. 361.10 respectively. The current market cap of the company is Rs. 10274.94 crore.

The promoters holding in the company stood at 28.37%, while Institutions and Non-Institutions held 61.62% and 10.01% respectively.

Max Financial Services has reported a rise of 40.66% in its net profit at Rs 139.89 crore for the quarter ended December 31, 2018 as compared to Rs 99.45 crore for the same quarter in the previous year. Total income of the company increased by 34.35% at Rs 176.57 crore for Q3FY19 as compared Rs 131.43 crore for the corresponding quarter previous year.

Max Financial Services, a part of the $2 billion Max Group, is the holding company for Max Life, India’s largest non-bank, private life insurance company.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323