Axis Bank invests in Max Life: Max Life Insurance is a subsidiary of Max Financial Services

Board of Axis Bank gives nod to hike stake in Max Life for Rs 336 cr

Surrender charges remain an overhang; Axis Bank growth a key monitorable; reiterate Neutral

Max Financial Services - Regulatory Overhang; Fairly Valued: Motilal Oswal

The shares were disposed of at an average price of Rs 230.02 apiece, taking the transaction value to Rs 228.69 crore.

Max Financial Services’ Promoter Pares 3.6% Stake For Rs 1,091 Crore

Block deals worth $1.2B transacted in a single day. Biggest deal was Coforge, Barings PE sold 27% stake for Rs 7697 crore. Other deals incl. Manappuram Finance, Max Financial Services, RBL Bank & Sapphire Foods. PE investors monetising portfolio, promoters selling to ensure capital cushion. Block de…

Over $1.2 billion worth of block deals transacted in a single day

Sharekhan is bullish on Max Financial Services has recommended buy rating on the stock with a target price of Rs 1020 in its research report dated August 10, 2023.

Buy Max Financial Services; target of Rs 1020: Sharekhan

A short build-up was seen in 66 stocks, including Apollo Tyres, Max Financial Services, Britannia Industries, Info Edge India, and Laurus Labs. An increase in OI along with a fall in price points to a build-up of short positions.

Trade setup for Monday: Top 15 things to know before the opening bell

Max Financial Services share price: Axis Bank said it would raise its stake in insurer Max Life Insurance Company to 16.20 per cent from 9.99 per cent by infusing Rs 1,612 crore. Max Life Insurance is a joint venture between Max Financial Services and Axis Bank. Axis Bank along with its entities acq…

Max Financial Services shares hit 52-week high on Axis Bank’s stake purchase, settle 9% higher. Tech analysts view

In Q1 FY24, Max Financial Services reported consolidated revenue of Rs 4,730 crore, up 19 percent year-on-year

Max Financial surges 10% on strong Q1, further stake hike by Axis in Max Life

Banks, IT and FMCG stocks led the downside while buying was seen in media, metals, pharma and realty stocks. Shares of renewable energy firm Suzlon jumped over 4% after the company launched a QIP to raise up to Rs 2,000 crore. Max Financial Services rose over 8% as Axis Bank agreed to buy an additio…

Sensex falls 200 points, Nifty below 19,600 ahead of RBI policy decision

In the first quarter of FY24, HDFC Life, SBI Life, and Max Financial Services are projected to achieve year-on-year annual premium equivalent (APE) growth of 15%, 8%, and 8%, respectively, while ICICI Prudential Life is likely to experience a 9% decline in APE on year. According to Motilal Oswal, va…

‘Life Insurers’ premium growth may be muted

Stock to buy today: Max Financial Services (₹786.25)

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Max Financial Services Limited is the holding company for Max Life Insurance Company Limited. The Company, through Max Life Insurance Company Limited, is engaged in the life insurance business.