MAX FINANCIAL SERVICES LTD Surges by 10%; BSE 500 Index Down 0.5%

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Markets will remain closed on 14th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

MAX FINANCIAL SERVICES LTD Surges by 10%; BSE 500 Index Down 0.5%
Thu, 19 Mar 02:08 PM

MAX FINANCIAL SERVICES LTD share price has zoomed 10% and is presently trading at Rs 394.

Meanwhile, the BSE 500 Index is at 11,086 (down 0.5%).

Among the top Gainers in the BSE 500 Index today are MAX FINANCIAL SERVICES LTD (up 10.0%) and PHOENIX MILL (up 18.4%).

TORRENT PHARMA and OMAXE LTD are among the top losers today.

Over the last one year, MAX FINANCIAL SERVICES LTD has moved down from Rs 452 to Rs 394, registering a loss of Rs 58 (down 12.9%).

On the other hand, the BSE 500 has moved down from 15,069 to 11,086, loss of 3,983 points (down 26.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 262.1%), ABBOTT INDIA (up 82.8%) and J.B.CHEMICALS (up 66.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 29,097 (up 0.5%).

The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 9.2%), ITC (up 5.8%) and HERO MOTOCORP (up 5.6%). Other gainers include BHARTI AIRTEL (up 5.6%) and POWER GRID (up 5.2%). The most traded stocks in the BSE Sensex are SBI and ITC.

In the meantime, NSE Nifty is at 8,511 (up 0.5%). The top gainers in the NSE Nifty include BAJAJ AUTO (up 8.3%), ITC (up 5.5%) and BHARTI AIRTEL (up 5.4%). Other gainers include HERO MOTOCORP (up 4.9%) and POWER GRID (up 4.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 29,097, registering a loss of 8,998 points (down 23.86%).


MAX FINANCIAL SERVICES LTD net profit down at Rs 10 million for the quarter ended December 2017, compared to a loss of Rs 805 million a year ago. Net Sales declined 85.6% to Rs 149.0 million during the period as against Rs 1.0 billion in October-December 2016.

For the year ended March 2018, MAX FINANCIAL SERVICES LTD reported 19.2% increase in net profit to Rs 643.0 million compared to net loss of Rs 540.0 million during FY17.

Revenue of the company grew 10.9% to Rs 16 billion during FY18.

The current Price to earnings ratio of MAX FINANCIAL SERVICES LTD, based on rolling 12 month earnings, stands at down 661.4x.

What else is happening in the markets today? Dig in...

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