Max Financial Services rises as its JV partners with Indian Industries Association
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Max Financial Services is currently trading at Rs. 670.30, up by 10.85 points or 1.65% from its previous closing of Rs. 659.45 on the BSE.
The scrip opened at Rs. 664.75 and has touched a high and low of Rs. 673.95 and Rs. 661.70 respectively. So far 15589 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 884.70 on 01-Aug-2022 and a 52 week low of Rs. 599.30 on 26-Apr-2023.
Last one week high and low of the scrip stood at Rs. 673.95 and Rs. 632.05 respectively. The current market cap of the company is Rs. 23134.77 crore.
The promoters holding in the company stood at 10.15%, while Institutions and Non-Institutions held 81.77% and 8.08% respectively.
Max Life Insurance Company, a joint venture (JV) between Max Financial Services and Axis Bank, has entered into a partnership with the Indian Industries Association (IIA) to provide life insurance plans to the workforce of micro, small, and medium enterprises (MSME) in Uttar Pradesh. Under the recently announced IRDAI's State Insurance Plan, Max Life aims to enhance accessibility and drive insurance penetration across Uttar Pradesh.
Max Financial Services is a part of the Max group, an Indian multi business corporation.
