Max Financial
Why Max Financial shares soared 10%, scaled lifetime high on Oct 23?
Max Financial Services shares surged to their all time high level at Rs 1,283.20 a piece on Wednesday, soaring 9.64 per cent on the BSE
 "Why Max Financial shares soared 10%, scaled lifetime high on Oct 23?")
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.
 "Max Financial Services promoter firm sells 3.19% stake to repay debt")
Stocks to Watch, Sep 6: Glenmark Pharma, Godfrey, Max Fin Svcs, Pidilite
Indian benchmark indices were likley headed for a slow start on Friday, weighed down by global cues as investors awaited crucial jobs and payroll data in the US
 "Stocks to Watch, Sep 6: Glenmark Pharma, Godfrey, Max Fin Svcs, Pidilite")
Max Financial slips 2.3% after 2.37 mn shares changed hands via block deals
Max Financial shares fell after 2.37 million shares changed hands via multiple block deals.
 "Max Financial slips 2.3% after 2.37 mn shares changed hands via block deals")
Rajiv Anand to replace Analjit Singh as Chairman of Max Life Insurance
Rajiv Anand, served as the non-executive director of Max Life Insurance effective from April 2023 after being nominated by Axis Bank
 "Rajiv Anand to replace Analjit Singh as Chairman of Max Life Insurance")
Axis Bank's infusion will give Max Life enough capital for 2 yrs: Tripathy
This deal was for Axis Bank to go up to 20%, and in the first tranche they had done 13 and 7 more was to go
 "Axis Bank's infusion will give Max Life enough capital for 2 yrs: Tripathy")
MFSL up 12%; hits 52-wk high on Axis Bank buying balance stake in Max Life
Axis Bank said in a filing on Wednesday that it will raise its 9.99 per cent stake in Max Life to 16.22 per cent by infusing Rs 1,612 crores in the entity
 "MFSL up 12%; hits 52-wk high on Axis Bank buying balance stake in Max Life")
LIC, HDFC Life, SBI Life: Budget 2023 proposals dismantle bullish trends
Technically, prior to this announcement, the price structure of SBI Life Insurance Company and Max Financial Services were highlighting a bullish sentiment and were on the verge of the next up move
 "LIC, HDFC Life, SBI Life: Budget 2023 proposals dismantle bullish trends")
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
 "Committed to Axis deal; will follow earlier methodology: Max Life CEO")
Adani Transmission, Max Financials, Laurus Labs to gain from FTSE rejig
The three stocks are part of several other domestic companies likely to get added to FTSE indices. Adani Transmission is likely to see the largest inflows at $121 million
 "Adani Transmission, Max Financials, Laurus Labs to gain from FTSE rejig")
Stocks to watch: SBI Card, BEML, Power Grid, Max Financial, Coal India
Coal India Limited is debating on hiking coal price for the regulated sector and may take a call soon, a senior official said
 "Stocks to watch: SBI Card, BEML, Power Grid, Max Financial, Coal India")
F&O expiry: Sensex gains 258 pts, ends Feb series 8% higher; RIL surges 4%
Sectorally, the Nifty Metal, PSU Bank, and Bank indices advanced 25 per cent, 40 per cent, and 20 per cent, respectively during the February F&O series
 "F&O expiry: Sensex gains 258 pts, ends Feb series 8% higher; RIL surges 4%")
Stocks to watch: Nureca, Max Fin, Axis Bank, DRL, Dredging Corp, Affle
Wipro announced the appointment of Rene Mulder as Country Head and Managing Director of its Switzerland operations
 "Stocks to watch: Nureca, Max Fin, Axis Bank, DRL, Dredging Corp, Affle")
Max Financial net profit jumps 54% to Rs 227 cr in December quarter
Max Financial Services Ltd reported 54 per cent jump in its consolidated net profit to Rs 227 crore in the third quarter ended December 2020
 "Max Financial net profit jumps 54% to Rs 227 cr in December quarter")
Max Financial gets Irdai nod for share swap agreement with Mitsui Sumitomo
Irdai's approval takes Max Financial Services one step closer to the consummation of its deal with private lender Axis Bank
 "Max Financial gets Irdai nod for share swap agreement with Mitsui Sumitomo")
Max Financial: Investors should shift attention to fundamentals
With 72 per cent gains in six months, the stock is an outperformer in the pack; monthly premium numbers don't provide comfort
 "Max Financial: Investors should shift attention to fundamentals")
Max Financial surges 13% as Axis Bank tweaks Max Life Insurance deal terms
Axis Bank had initially planned to raise its stake in the insurer to 30 per cent for about Rs 1,590 crore
 "Max Financial surges 13% as Axis Bank tweaks Max Life Insurance deal terms")
Weekly trading ideas by Religare Broking: Buy Grasim Industries, Biocon
Grasim is witnessing a breakout from the range where it has spent the last two months
 "Weekly trading ideas by Religare Broking: Buy Grasim Industries, Biocon")
MARKET WRAP: Sensex trims losses, ends 12 pts down; Nifty closes at 11,194
All that happened in the markets today
 "MARKET WRAP: Sensex trims losses, ends 12 pts down; Nifty closes at 11,194")
Irdai asks Axis Bank, Max Financial to make changes in deal structure
Irdai has asked them to factor in some alternate mechanisms subject to regulatory approvals.
 "Irdai asks Axis Bank, Max Financial to make changes in deal structure")
