Max Financial Services Ltd Share Price

Description

• Max Financial Services Ltd is in the Finance sector is having a market capitalization worth Rs. 35,766.89 crores, it was formed after the demerger of Max India in the year 2016. It has reported consolidated sales of Rs. 5,942.05 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500271, and also listed on the National Stock Exchange (NSE) with the code MFSL.

  Max Financial Services Ltd was formed in 2016 after the mega-corporate restructure of Max India. Max India was demerged into three separate entities based on the area of operation, i.e., Max Financial Services (life insurance), Max India (healthcare and allied business), and Max Ventures and Industries (manufacturing industries and industrial ventures). Max Financial Services Ltd has a sole subsidiary under the name of Max Life Insurance. Max Life Insurance is a collaboration between Mitsui Sumitomo Insurance and Max Financial Services (a Japanese company). Max Life Insurance offers comprehensive long-term savings solutions and retirement solutions to its customers. The promoters of the company own 14.72% of the stake in the company, Foreign Institutional Investors (FII) own 26.33%, Domestic Institutional Investors (DII) own 50.72% stake in the company, and others (such as public & retail investors) hold the balance of 8.23%.

  In June 2021, quarterly net revenue was Rs. 157.49 crores, which has increased sharply by approximately 1604.44 % from Rs. 9.24 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 97.52 crores, which has improved sharply and increased by nearly 545.50% from a net loss of Rs. 21.89 crores in June 2020. In June 2021, the reported operating profit was at Rs. 152.05 crores, which is also increased sharply by 1014.86% as compared to an operating loss of Rs. 16.62 crores for the quarter ending in June 2020. From a negative EPS of Rs. 0.81 in June 2020, the EPS of Max Financial Services Ltd has improved positively and reached Rs. 2.83 per share in June 2021. MFSL's stock closed at Rs. 1036.40 on 20th August’2021 (NSE) and has returned 19.19% in the last six months and 90.81% in the previous year.

• Max Financial Services Ltd is in the Finance sector is having a market capitalization worth Rs. 35,766.89 crores, it was formed after the demerger of Max India in the year 2016. It has reported consolidated sales of Rs. 5,942.05 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500271, and also listed on the National Stock Exchange (NSE) with the code MFSL.

  Max Financial Services Ltd was formed in 2016 after the mega-corporate restructure of Max India. Max India was demerged into three separate entities based on the area of operation, i.e., Max Financial Services (life insurance), Max India (healthcare and allied business), and Max Ventures and Industries (manufacturing industries and industrial ventures). Max Financial Services Ltd has a sole subsidiary under the name of Max Life Insurance. Max Life Insurance is a collaboration between Mitsui Sumitomo Insurance and Max Financial Services (a Japanese company). Max Life Insurance offers comprehensive long-term savings solutions and retirement solutions to its customers. The promoters of the company own 14.72% of the stake in the company, Foreign Institutional Investors (FII) own 26.33%, Domestic Institutional Investors (DII) own 50.72% stake in the company, and others (such as public & retail investors) hold the balance of 8.23%.

  In June 2021, quarterly net revenue was Rs. 157.49 crores, which has increased sharply by approximately 1604.44 % from Rs. 9.24 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 97.52 crores, which has improved sharply and increased by nearly 545.50% from a net loss of Rs. 21.89 crores in June 2020. In June 2021, the reported operating profit was at Rs. 152.05 crores, which is also increased sharply by 1014.86% as compared to an operating loss of Rs. 16.62 crores for the quarter ending in June 2020. From a negative EPS of Rs. 0.81 in June 2020, the EPS of Max Financial Services Ltd has improved positively and reached Rs. 2.83 per share in June 2021. MFSL's stock closed at Rs. 1036.40 on 20th August’2021 (NSE) and has returned 19.19% in the last six months and 90.81% in the previous year.