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Max Financial Services

Max Financial Services Q3 results: Net profit falls 59% to Rs 70 cr

Max Financial Services Ltd (MFSL), the holding company of Axis Max Life Insurance Limited, on Tuesday reported a 59 per cent fall in net profit to Rs 70 crore in the third quarter ended December 2024. The company had earned a consolidated net profit of Rs 171 crore in the year-ago period. During the reporting quarter, policyholders' income from life insurance operations saw a decline to Rs 8,809 crore as against Rs 12,237 crore in the same quarter a year ago, MFSL said in a release. As a result, the consolidated total income plummeted to Rs 8,927 crore as compared to Rs 12,359 crore in the third quarter of previous year, it said. The other subsidiary under MFSL is Max Life Pension Fund Management Limited.

Updated On: 04 Feb 2025 | 11:16 PM IST

Life insurance stocks rally up to 10% on HDFC Life's healthy Q3 earnings

Shares of HDFC Life, ICICI Prudential, SBI Life and Max Financial Services are up in the range of 5 per cent and 10 per cent

Updated On: 16 Jan 2025 | 10:23 AM IST

Max Financial Services promoter firm sells 3.19% stake to repay debt

Max Financial Services on Friday said its promoter group firm has sold a 3.19 per cent stake to repay their debt. Max Ventures Investment Holdings Pvt Ltd, a promoter company of Max Financial Services Ltd, sold 1.10 crore equity shares or 3.19 per cent in Max Financial Services on September 5. "The promoters have cleared all its debt and the pledge of shares held by the promoter in the target company (Max Financial Services) will be Nil," Max Financial said in a BSE filing. After the share sale, Max Ventures Investment Holdings Pvt Ltd's stake was reduced to 3.22 per cent from 6.40 per cent in Max Financial Services.

Updated On: 06 Sep 2024 | 5:41 PM IST

How to trade Max Financial Services stock amid these 3 key developments

Technical chart shows that MFSL stock is facing some resistance around Rs 1,140 level; while the short-term trend may turn cautious, the overall trend seems positive; check key levels here.

Updated On: 06 Sep 2024 | 11:12 AM IST

F&O Cues: Premium jumps in Nifty, Bank Nifty futures; options flag caution

Derivatives market update for Sept 06: The Nifty PCR dipped from 0.74, while Bank Nifty to 0.78; reflecting a cautionary trend said Dhupesh Dhameja of SAMCO Securities. Max Financial see short buildup

Updated On: 06 Sep 2024 | 9:23 AM IST

Max Financial Services' promoter sells 3.18% stake for Rs 1,218 cr

Max Ventures Investment Holdings, a promoter entity of Max Financial Services, on Thursday divested a 3.18 per cent stake in the company for Rs 1,218 crore through an open market transaction. Analjit Singh-promoted Max Financial Services Ltd (MFSL), a part of the Max Group, is the holding company for Max Life Insurance. According to the bulk deal data available on the National Stock Exchange (NSE), Max Ventures Investment Holdings sold a total of 1,10,00,000 shares amounting to a 3.18 per cent stake in Noida-based Max Financial Services. The shares were disposed of at an average price of Rs 1,107.37 apiece, taking the transaction value to Rs 1,218.11 crore. After the latest transaction, the combined shareholding of promoters in MFSL has declined to 3.34 per cent from 6.52 per cent. Details of the buyers of Max Financial Services' shares could not be ascertained. Shares of Max Financial Services Ltd fell 1.42 per cent to close at Rs 1,117.25 apiece on the NSE. In August last year

Updated On: 05 Sep 2024 | 10:15 PM IST

How to trade F&O stocks with high rollovers in May; check key levels here

Technical outlook on stocks with high rollover to May series: Keep a tab on these key support and resistance levels while trading in these F&O stocks.

Updated On: 26 Apr 2024 | 12:01 PM IST

Benchmarks end flat, MidCap index rises 1.5%; PSB, realty stocks in demand

Stock market highlights on February 7, 2024: In the broader markets, the BSE MidCap index gained over 1.48 per cent, while the BSE SmallCap index advanced 0.35 per cent

Updated On: 07 Feb 2024 | 3:48 PM IST

Max Fin, JSP, Oberoi: Strategy for stocks with highest F&O rollover to Nov

Dr.Reddy's, Apollo Tyres and Jindal Steel are among the five stocks which have seen rollovers of up to 88 per cent to the November series.

Updated On: 26 Oct 2023 | 11:18 AM IST

Buy Max Financial Services October Futures, suggests HDFC Securities

RSI Oscillators is sloping upwards and placed above 50 on the daily chart, indicating strength in the stock, says Nandish Shah

Updated On: 06 Oct 2023 | 6:33 AM IST

Max Financial Services zooms 6% as over 10 mn shares change hands

Till 10:05 AM, a combined 13.49 million shares had changed hands on the counter on the BSE and NSE, representing nearly 4 per cent of the company's equity

Updated On: 24 Aug 2023 | 10:42 AM IST

Max Financial Services profit slumps 64% to Rs 52 crore in Jan-Mar quarter

Max Financial Services Ltd (MFSL) on Friday reported a 64 per cent decline in consolidated net profit at Rs 52 crore for the last quarter of 2022-23. The company had reported a net profit of Rs 144 crore in the January-March period a year ago. The company registered consolidated revenue of Rs 9,929 crore in the quarter from Rs 8,960 crore in Q4FY23, MFSL said in a regulatory filing. Total expanses of the firm rose to Rs 9,876 crore as against Rs 8,809 crore a year ago, it said. For the full year FY23, its net profit jumped by 42 per cent to Rs 451 crore as against Rs 318 crore in the previous financial year. MSFL owns an 87 per cent stake in Max Life Insurance and has collected a total new business premium (individual and group) of Rs 8,960 crore. In addition, the renewal premium income (including group) grew 13 per cent to Rs 16,382 crore, taking the gross premium to Rs 25,342 crore, an increase of 13 per cent over the previous financial year.

Updated On: 12 May 2023 | 9:27 PM IST

Chart: 15 stocks in Nifty 500 continue to rise despite volatile sentiment

Volumes spurt were significantly higher during strong positive closes than during negative sessions.

Updated On: 25 Jan 2023 | 11:25 AM IST

Max Financial Services promoter offloads 1.7% stake for Rs 400 cr

Max Ventures Investment Holdings, a promoter of financial services firm Max Financial Services, on Wednesday offloaded 58.85 lakh shares in the company for Rs 400 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Max Ventures Investment Holdings sold 58,85,000 shares (1.7 per cent) of Max Financial Services. The shares were sold at an average price of Rs 679.2 per scrip, taking the aggregate value of transaction at Rs 399.70 crore. Following the stake sale, the shareholding of promoter have come down to 13.02 per cent from 14.72 per cent. Shares of Max Financial Services closed 1.67 per cent lower at Rs 688 apiece on NSE.

Updated On: 21 Dec 2022 | 10:10 PM IST

Committed to Axis deal; will follow earlier methodology: Max Life CEO

Max Life and Max Financial Services are committed to going ahead with the deal with Axis Bank, which will see the latter acquire another 7 per cent stake in the life insurance company, said the CEO

Updated On: 20 Oct 2022 | 11:21 PM IST

Buying IRCTC, Max Financial on dips may be a good idea; here's why

While the stock of max Financial Services has confirmed a major range breakout above 850-mark, the stock of IRCTC is in oversold zone, says Mehul Kothari of Anand Rathi

Updated On: 08 Jul 2022 | 8:39 AM IST

Max Financial Services Q4 consolidated net profit doubles to Rs 144 cr

Max Life's assets under management (AUM) were at Rs 1,07,510 crore as on March 31, 2022, a rise of 19 per cent over the previous year

Updated On: 10 May 2022 | 9:07 PM IST

Trading strategies for SBI Life, ICICI Pru, HDFC Life ahead of LIC IPO

Except for Max Financial Services other insurance related shares seem to be on a weak ground, indicate technical charts.

Updated On: 27 Apr 2022 | 12:55 PM IST

Max Financial Services profit declines 41% to Rs 47.65 cr in Sept quarter

The company on Tuesday reported an over 41 per cent decline in its consolidated net profit

Updated On: 09 Nov 2021 | 8:09 PM IST

Stocks to Watch: RIL, Aurobindo, BHEL, M&M, Jet Airways, IDFC, PowerGrid

FII fund flows, corporate earnings and ongoing IPOs likely to be in focus today

Updated On: 09 Nov 2021 | 8:36 AM IST