Reports of a block deal cause shares of Max Financial to drop by 3%.

It was reported today that more than 2% of Max Financial Services' equity was transferred in a block deal, which led to a drop of about 3% in the stock price. The total amount of the deal was Rs. 471, 000,000. Max Financial stock dropped from the previous closing of Rs 699.45 on BSE to a new low of Rs 680.15, a loss of 2.75 percent.

Value of the company in the market dropped to Rs 23,8632 crore. The share price dropped to Rs 687.50 at the market open. The price of Max Financial shares is currently below their 5, 20, 50, 100, and 200-day moving averages.

The stock price of Max Financial has dropped by 28.38 percent in the past 12 months and by 29.31 percent in the year 2022. On January 11, 2022, the share price reached a high of Rs 1081, and on November 23, 2022, it reached a low of Rs 627.80, representing a 52-week range.

On the Bombay Stock Exchange (BSE), 12.57 million shares of the company were traded, for a total of Rs 85.89 crore in trading. In the last two trading days, shares of Max Financial have dropped.

At the same time, Emkay Global has a Rs 930 price objective on Max Financial stock, indicating that it is optimistic about the company's prospects.

The 14th of December was the day of the call, and the price at the time was Rs 706.4. That price indicated a gain of 31.72 percent.

The company's stock has significantly underperformed the market and its rivals due to the double whammy of slowing growth and postponing structural simplification, which has resulted in a delay and penalty from the regulatory end. Company shares are now attributing extremely little (implied 6x FY25 VNB) structural value to such a great business, selling at a P/EV of 1.6x for FY24E. A prolonged re-rating of Max Financial's stock price is expected as the company achieves success in streamlining its organizational structure and experiences a comeback in growth, according the brokerage's estimates. What Emkay Global Inc.

The company's net profit for the third quarter increased by 29% year over year, from Rs 39.63 crore in the same period last fiscal year to Rs 51.29 crore in the current fiscal year's third quarter.

The second quarter's 9316 crore in sales was unchanged from the second quarter of the previous fiscal year's corresponding quarter's 9316 crore in sales.

Comments

The Sensex goes up by 460 points, the Bank Nifty goes up by 0.45%, and the Nifty ends the day above 18400. M&M is the biggest winner.

Today's Stock Market News | Share Prices, Sensex, and Nifty LIVE: The bulls make a comeback, ending a two-day losing streak, and both the NSE Nifty and BSE Sensex indices in India close higher. The Sensex goes up by 460 points, the Bank Nifty goes up by 0.45%, and the Nifty ends the day above 18400. M&M is the biggest winner. Even though the markets opened flat, the Nifty rose more than 150 points to close at 18,420, going above 18,400. The Sensex ended the day up 0.76 percent, at 61,806. When the whole market went from red to green during the day, the Nifty Junior or Nifty Next 50 went up by almost 1%. With a gain of 1.59%, Nifty Auto was the industry's biggest winner today. The initial public offering (IPO) for KFin Technologies started today, with prices ranging from Rs. 347 to Rs. 366 per share. Nifty's biggest problem is 18,888 " "Wall Street had an unexpectedly bullish day, with short sellers covering their positions and value buyers buying up stocks. Ex...

QuizTalk and Meta-Airline agree to form an NFT strategic alliance.

The goal of the partnership is to make sure that both companies' platforms have NFT content and to increase the number of NFT markets at home and abroad. QuizTalk Co., Ltd. has grown its NS home shopping and live commerce market, and it recently hosted a quiz show at SK Telecom's Ifland metaverse service. The QTCON token was put on the three largest domestic exchanges, Bithumb, Upbit, and Coinone. It was also listed on the worldwide exchange Gate.io. QuizTalk's platform, called "QUIZTOK," has about 780 million quiz answers, 1.32 million quizzes, and 700,000 downloads. When you answer a Quiz Talk question, you can get points and so can the person who asked the question. There is also a quiz curator, which lets people get quizzes for their followers. To advertise on QuizTalk, a business needs to get and use QuizTalk tokens. Meta-Airline is a travel-related NFT project that lets you buy tickets through your MAL-SCAN platform. You can also book golf courses, hotels, a...

HOW DOES ANALYSIS DEAL WITH FOREX TRADING? TOP 10 EXPERTS EXPLAINED HERE!

Market analysis is one of the best ideas to play with forex trading. Fundamental, technical analysis and more things are essential for traders. Here we listed top video guidelines. People have questions, and they want answers. When they do, where do they go? Nowadays social media provides you with a lot of information. If you have any queries, you can simply search on youtube and find so many experts' opinions. But when it's about trading be careful, whom you are following. Remember that following someone is good but copying them isn’t good for your trading. You can choose a broker as your assistant. I introduce you to a user-friendly broker named AssetsFX . You can easily control Forex, Crypto, Indices & Commodities through this broker. Here are some best videos for you on Forex trading analysis. From this video you can learn: Fundamental Analysis Technical Analysis Weekend Analysis Applying Forex Market Analysis Understand the Drivers Chart the Indexes Look for...

Forex Mailer

Search This Blog