Buy Call For 36% Upside: Emkay Global Recommends Mid Cap Financial Services Stock

Emkay Global has recommended investors to invest in mid cap Financial Services sector stock, Max Financial Services Ltd with target price of Rs 850 apiece. If you buy Max Financial Services share now at last trading price of Rs 626.95 apiece, you can get potential return of 36%. The stock witnessed intraday rally of 3.07% on March 29, 2023 on BSE. Check details pertaining to the stock below:

Max Financial Services Stock Performance: Last trading price of Max Financial Services is Rs 626.95 apiece with intraday jump of 3.07%. Its 52-week high is quoted at Rs 884.70 apiece and 52-week low price is quoted at Rs 604.40 apiece, respectively. The company has a market capitalisation of Rs 21,636.97 crore. The stock declined 15% in last 1-year, 27% in last 2-years, and gave return of 54.06%. In last 5-years, the stock rallied 38%.

Max Financial Services Financial Performance: The company for the quarter ended December 31, 2022 declared its consolidated total income at Rs 8,898.35 crore, down 4.55 % from last quarter Total Income of Rs 9,322.59 crore. It declared its net profit after tax at Rs 269.35 crore in latest quarter.

Max Financial Services About: Max Financial Services About: Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd. is a part of the Max Group. Max Life offers comprehensive protection and long-term savings life insurance solutions, through its multi-channel distribution including agency and third-party distribution partners.

Disclaimer: The stock has been picked from the brokerage report of Emkay Global. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.