Max Financial share price: Buy Max Financial Services, target price Rs 1290: Emkay Global


Emkay Global bought the call on Max Financial Services with a target price of Rs 1290. The current market price of Max Financial Services is Rs 970.8.

The period given by the analyst is one year when the price of Max Financial Services Ltd. can achieve the defined goal.

Max Financial Services Ltd., incorporated in 1988, is a mid-cap company (with a market capitalization of Rs 33,502.02 Crore) operating in the financial services industry.

The main product / revenue segments of Max Financial Services Ltd. includes dividend income, income from the sale of stocks and securities, sale of services, rental income and interest for the year ending March 31, 2021.

Finance

For the quarter ended 30-09-2021, the company reported consolidated total income of Rs 9,327.37 crore, up 56.94% from last quarter total income of Rs 5,943.14 crore and up by 32.87% over the total income for the same quarter of last year of Rs 7,020.11 crore. The company reported net profit after tax of Rs 47.65 crore in the last quarter.


Promoter / FII Holdings
The promoters held 14.72% of the company’s capital as of September 30, 2021, while the FIIs held 49.58% and the DII 27.5%.

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