Max Financial Share Price: Max Financial stock price down 0.01 per cent as Sensex slides

Shares of . fell 0.01 per cent to Rs 825.75 at 12:38PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 11,578 shares with a turnover of Rs 0.96 crore till 12:38PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 112.48, while the price-to-book value ratio stood at 6.61.

Return on equity (ROE) was at 6.43 per cent, according to exchange data. The stock hit an intraday high of Rs 829.3 and a low of Rs 821.7 during the session and quoted a 52-week high price of Rs 1147.9 and a 52-week low of Rs 697.05.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.27.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 873.35 on July 14, while the 50-DMA was at Rs 783.75. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 54.56. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2022, promoters held 14.72 per cent stake in the company, while overseas investors held 45.62 per cent and domestic institutional investors had 31.41 per cent.