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The return on equity (ROE) for the stock stood at 6.43 per cent. Traded volume on the counter stood at 11:42AM shares and turnover at Rs 0.45 crore around that time. The stock of Max Financial Services Ltd. quoted a 52-week high price of Rs 1147.9 and 52-week low prices of Rs 697.05, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.27.
Promotor/FII Holding
Promoters held 14.72 per cent stake in the company as of 31-Mar-2022, while FIIs held 23.26 per cent and domestic institutional investors had 28.05 per cent.
Key Financials
The company reported consolidated sales of Rs 8962.31 crore for the quarter ended 31-Mar-2022, up 28.87 per cent from previous quarter’s Rs 6954.76 crore and up 8.18 per cent from the year-ago quarter’s Rs 9760.31 crore. Net profit after tax for the latest quarter stood at Rs 117.68 crore, up 88.77 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
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