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Neutral Max Financial Services Ltd Target Rs. 900 - Motilal Oswal Financial Services Ltd In-line performance; Axis group raises stake to 19% RoEV to sustain above 20% * MAX Financial Services (MAXLIFE) reported a healthy performance in 1QFY24 with APE/VNB growth of 10%/16% YoY, while VNB margins came in at 22.2%. The performance was broadly in line with our estimates. * In 1QFY24, all products demonstrated a YoY growth, except for ULIPs, which declined 27% YoY (down 56% QoQ). Retail protection was up 26% YoY/down 23% QoQ. Group protection grew 10% YoY/ 36% QoQ. Total pro...
Neutral Max Financial Services Ltd Target Rs. 900 - Motilal Oswal Financial Services Ltd
Neutral Max Financial Services Ltd Target Rs. 900 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
19/08/2023 10:20:11 AM
Buy Max Financial Services Ltd Target Rs. 1,075 - Yes Securities Axis deal to enhance capital ratio by ~40% points Result Highlights (See “Our View” below for elaboration and insight) * VNB margin: Calculated VNB margin for 1QFY24 fell -815bps QoQ but rose 108bps YoY to 22.2% * VNB growth: VNB de-growth/growth was at -67.9%/16% QoQ/YoY where the YoY growth was driven by the growth in APE and VNB margin expansion * APE growth: New business APE de-grew/grew by -56.1%/10.3% QoQ/YoY, driven higher YoY by growth in Indi. Protection and N...
Buy Max Financial Services Ltd Target Rs. 1,075 - Yes Securities
Buy Max Financial Services Ltd Target Rs. 1,075 - Yes Securities
Source: Yes Securities Ltd
16/08/2023 12:58:33 PM
Max Financial Services zooms on reporting 48% rise in Q1 consolidated net profit Max Financial Services is currently trading at Rs. 877.60, up by 87.80 points or 11.12% from its previous closing of Rs. 789.80 on the BSE. The scrip opened at Rs. 818.00 and has touched a high and low of Rs. 885.90 and Rs. 818.00 respectively. So far 310197 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 885.90 on 10-Aug-2023 and a 52 week low of Rs. 599.30 on 26-Apr-2023. Last one week high and low of the scri...
Max Financial Services zooms on reporting 48% rise in Q1 consolidated net profit
Max Financial Services zooms on reporting 48% rise in Q1 consolidated net profit
Source: Accord Fintech
10/08/2023 1:56:59 PM
Neutral Max Financial Services Ltd Target Rs. 750 - Motilal Oswal Financial Services Ltd * MAX Financial Services (MAXLIFE) reported a stable quarter on the back of healthy VNB margin of 30.3%. VNB margin was aided by strong growth in VNB (16% beat) and APE (7% beat) due to increased demand before the budgetary changes. Non-PAR maintained its robust momentum, led by the annuity business, while other segments also saw a sequential recovery. * Growth in APE was driven by the proprietary channels, which rose 90% YoY and contributed ~41% to overall APE. The banca channel’s A...
Neutral Max Financial Services Ltd Target Rs. 750 - Motilal Oswal Financial Services Ltd
Neutral Max Financial Services Ltd Target Rs. 750 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
17/05/2023 12:35:31 PM
Max Financial Services rises as its JV partners with Indian Industries Association 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 ...
Max Financial Services rises as its JV partners with Indian Industries Association
Max Financial Services rises as its JV partners with Indian Industries Association
Source: Accord Fintech
9/05/2023 12:14:42 PM
Key Stock Ideas: Hindustan Aeronautics, PFC , Hero MotoCorp , Max Financial Services - ARETE Securities Govt plans to sell 3.5% stake in Hindustan Aeronautics through OFS: The government plans to sell up to 3.5 percent of its stake in aerospace and defence company Hindustan Aeronautics (HAL) through an offer for sale (OFS) to raise over Rs 2,867 crore this fiscal, according to an exchange filing on Wednesday. It owns a 75 percent stake in HAL. The 3.5 per cent stake sale comprised 1.75 per cent as the base offer and 1.75 per cent as an additional option. The offer will open on March 23 and w...
Key Stock Ideas: Hindustan Aeronautics, PFC , Hero MotoCorp , Max Financial Services - ARETE Securities
Key Stock Ideas: Hindustan Aeronautics, PFC , Hero MotoCorp , Max Financial Services - ARETE Securities
Source: ARETE Securities Ltd
23/03/2023 9:34:42 AM
Max Financial Services trades in green as its promoter sells 58.85 lakh shares in company Max Financial Services is currently trading at Rs. 694.25, up by 4.75 points or 0.69% from its previous closing of Rs. 689.50 on the BSE. The scrip opened at Rs. 688.05 and has touched a high and low of Rs. 697.15 and Rs. 684.00 respectively. So far 15872 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1081.00 on 11-Jan-2022 and a 52 week low of Rs. 627.80 on 23-Nov-2022. Last one week high and low of the scrip ...
Max Financial Services trades in green as its promoter sells 58.85 lakh shares in company
Max Financial Services trades in green as its promoter sells 58.85 lakh shares in company
Source: Accord Fintech
22/12/2022 11:51:43 AM
Max Financial Services jumps on getting IRDAI`s nod to acquire balance 5.17% stake in Max Life Max Financial Services is currently trading at Rs. 684.00, up by 18.95 points or 2.85% from its previous closing of Rs. 665.05 on the BSE. The scrip opened at Rs. 680.05 and has touched a high and low of Rs. 702.45 and Rs. 680.05 respectively. So far 49412 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1081.00 on 11-Jan-2022 and a 52 week low of Rs. 627.80 on 23-Nov-2022. Last one week high and low of the scrip...
Max Financial Services jumps on getting IRDAI`s nod to acquire balance 5.17% stake in Max Life
Max Financial Services jumps on getting IRDAI`s nod to acquire balance 5.17% stake in Max Life
Source: Accord Fintech
28/11/2022 3:16:07 PM
Buy Max Financial Services Ltd For Target Rs. 930 - Emkay Global Growth challenges and structure simplification overhang overshadow robust margin delivery Max Financial reported decent financial performance for H1FY23 despite the muted APE growth being known. For H1FY23, APE growth slowed to only 1.9% YoY on account of challenges in the banca channel, led by Axis Bank (APE: -7% YoY in H1FY23) and offset by the strong performance in the proprietary channel (+23% YoY). Driven by favorable product mix, VNB margin for H1 was 26.7%, which led to VNB for H1 l...
Buy Max Financial Services Ltd For Target Rs. 930 - Emkay Global
Buy Max Financial Services Ltd For Target Rs. 930 - Emkay Global
Source: Emkay Global Financial Services Ltd
24/10/2022 11:28:22 AM
Update On Max Financial By Yes Securities Result Highlights Embedded Value metrics  *Annual Premium Equivalent: APE at Rs.11,910 mn was up by 18% QoQ but down -7% YoY. * Value of New Business: VNB stood at Rs. 3,730mn, up by 75% QoQ but flat YoY * VNB margin (APE basis): VNB margin came in at 31.3%, up by 1021bps QoQ and 217bps YoY. Product traction and mix   * Par product APE grew/de-grew 18%/-23% QoQ/YoY, with share in new business APE remaining flat QoQ but down -336bps YoY to 17%. * Non-Par savings ...
Update On Max Financial By Yes Securities
Update On Max Financial By Yes Securities
Source: Yes Securities Ltd
22/10/2022 12:36:22 PM
Max Financial Services surges after its JV unveils enhanced variant of `Guaranteed Lifetime Income Plan` Max Financial Services is currently trading at Rs. 714.00, up by 0.75 points or 0.11% from its previous closing of Rs. 713.25 on the BSE. The scrip opened at Rs. 716.40 and has touched a high and low of Rs. 734.05 and Rs. 706.50 respectively. So far 381722 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1081.00 on 11-Jan-2022 and a 52 week low of Rs. 664.95 on 14-Oct-2022. Last one week high and low of the scrip...
Max Financial Services surges after its JV unveils enhanced variant of `Guaranteed Lifetime Income Plan`
Max Financial Services surges after its JV unveils enhanced variant of `Guaranteed Lifetime Income Plan`
Source: Accord Fintech
17/10/2022 3:31:53 PM
Value of promoter holding in BSE-500 stocks decline to 1.5% in June quarter: Kotak report The value of promoter pledge holding as a percentage of promoter holding declined to 1.5 per cent in the April-June quarter from 1.7 per cent in the previous quarter, according to the Kotak Institutional Equities report. Promoters of 81 companies in the BSE-500 Index have pledged part of their holdings in the June 2022 quarter. Only three companies had more than 80 per cent of their promoter holdings pledged. These companies are Thyrocare Technologies, Max Financial Services and Suzlon ...
Value of promoter holding in BSE-500 stocks decline to 1.5% in June quarter: Kotak report
Value of promoter holding in BSE-500 stocks decline to 1.5% in June quarter: Kotak report
Source: IANS
21/08/2022 9:32:23 AM
Buy Max Financial Services Ltd For Target Rs.1,060 - Emkay Global Growth to take center stage Max Life reported a good set of numbers in Q1FY23. VNB growth stood at 23% YoY, led by 1.4ppts YoY VNB margin expansion and 15% APE growth. Struggle in retail protection and the impact of Axis Bank going fully open architecture from Q3FY22 had its bearing on growth. Going forward, retail protection growth and Axis Bank channel performance should improve from Q3FY23. Max Life reiterated its commitment to deliver growth by continued investments in its proprietary ...
Buy Max Financial Services Ltd For Target Rs.1,060 - Emkay Global
Buy Max Financial Services Ltd For Target Rs.1,060 - Emkay Global
Source: Emkay Global Financial Services Ltd
3/08/2022 3:03:46 PM
Max Financial Services rises after its arm launches smart solution `Insta-COI` Max Financial Services is currently trading at Rs. 785.10, up by 7.35 points or 0.95% from its previous closing of Rs. 777.75 on the BSE. The scrip opened at Rs. 776.00 and has touched a high and low of Rs. 788.35 and Rs. 771.65 respectively. So far 5353 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1147.90 on 29-Jul-2021 and a 52 week low of Rs. 697.05 on 09-May-2022. Last one week high and low of the scrip s...
Max Financial Services rises after its arm launches smart solution `Insta-COI`
Max Financial Services rises after its arm launches smart solution `Insta-COI`
Source: Accord Fintech
30/06/2022 3:02:54 PM
Buy Max Financial Services Ltd For Target Rs.1,030 - Emkay Global Well-positioned for profitable growth despite temporary ‘noises’ We hosted Max Financial Services’ top management in Mumbai on June 7, 2022 for meetings with DIIs to discuss the company’s business performance and growth trajectory, as well as investor concerns. Mr. Prashant Tripathy, CEO of Max Life, and Mr. Amrit Singh, CFO, were present. The key highlights: 1) the plan to simplify the corporate structure is on track and updates from the regulator’s end are a...
Buy Max Financial Services Ltd For Target Rs.1,030 - Emkay Global
Buy Max Financial Services Ltd For Target Rs.1,030 - Emkay Global
Source: Emkay Global Financial Services Ltd
10/06/2022 1:25:22 PM
Max Financial Services inches up on the BSE Max Financial Services is currently trading at Rs. 722.05, up by 0.80 points or 0.11% from its previous closing of Rs. 721.25 on the BSE. The scrip opened at Rs. 714.10 and has touched a high and low of Rs. 724.55 and Rs. 703.30 respectively. So far 7336 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1147.90 on 29-Jul-2021 and a 52 week low of Rs. 697.05 on 09-May-2022. Last one week high and low of the scrip s...
Max Financial Services inches up on the BSE
Max Financial Services inches up on the BSE
Source: Accord Fintech
12/05/2022 10:32:16 AM
Max Financial Services jumps on reporting over 2-fold jump in Q4 consolidated net profit Max Financial Services is currently trading at Rs. 727.30, up by 26.25 points or 3.74% from its previous closing of Rs. 701.05 on the BSE. The scrip opened at Rs. 720.00 and has touched a high and low of Rs. 743.50 and Rs. 718.25 respectively. So far 40749 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1147.90 on 29-Jul-2021 and a 52 week low of Rs. 697.05 on 09-May-2022. Last one week high and low of the scrip...
Max Financial Services jumps on reporting over 2-fold jump in Q4 consolidated net profit
Max Financial Services jumps on reporting over 2-fold jump in Q4 consolidated net profit
Source: Accord Fintech
11/05/2022 2:58:12 PM
Update on Max Financial Services Ltd by Yes Securities Result Highlights Embedded Value metrics * Annual Premium Equivalent: APE at Rs.18,370 mn was down by -4% YoY but up by 15% QoQ Value of New Business: VNB stood at Rs. 5,860mn, up by 27% YoY and 48% QoQ VNB margin (APE basis): VNB margin came in at 31.9%, expanding by 704bps on sequential basis and 785bps on YoY basis. Product traction and mix * Par product APE grew/de-grew 8%/-14% QoQ/YoY, with share in new business APE declining -135bps/-217 bps QoQ/YoY to 20%. * ULIP A...
Update on Max Financial Services Ltd by Yes Securities
Update on Max Financial Services Ltd by Yes Securities
Source: Yes Securities Ltd
11/05/2022 2:42:02 PM
Max Financial Services gains after its arm incorporates wholly-owned subsidiary company Max Financial Services is currently trading at Rs. 796.20, up by 8.50 points or 1.08% from its previous closing of Rs. 787.70 on the BSE. The scrip opened at Rs. 780.00 and has touched a high and low of Rs. 797.60 and Rs. 753.45 respectively. So far 20482 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1147.90 on 29-Jul-2021 and a 52 week low of Rs. 753.45 on 07-Mar-2022. Last one week high and low of the scrip ...
Max Financial Services gains after its arm incorporates wholly-owned subsidiary company
Max Financial Services gains after its arm incorporates wholly-owned subsidiary company
Source: Accord Fintech
7/03/2022 12:44:00 PM
Buy Max Financial Services Ltd For Target Rs.1,240 - Emkay Global Growth accelerates Max Financial (MAXF) posted a good show in 9MFY22. Max Life’s APE growth accelerated to 23% YoY from 19% in H1FY22. On the margin front, the performance was slightly muted, with 9MFY22 margins down by 80bps YoY due to a higher ULIP share in the product mix and a relatively lower share of protection (supply-side issues hit protection sales). On the non-operational front (MAXF-Max Life merger, purchase of ~5.2% stake in Max Life by MAXF from Mitsui Sumitomo and up to...
Buy Max Financial Services Ltd For Target Rs.1,240 - Emkay Global
Buy Max Financial Services Ltd For Target Rs.1,240 - Emkay Global
Source: Emkay Global Financial Services Ltd
8/02/2022 12:02:59 PM
Buy Max Financial Services For Target RS.1,250 - Motilal Oswal Modest business growth; VNB margin expands sharply Robust PAR growth and Persistency trends   * MAXLIFE reported a mixed quarter as APE growth remains modest, impacted by sluggish growth in Protection/Non-PAR segment, while PAR/ULIP witnessed healthy growth. As a result, Protection mix moderated over 1HFY22. On the distribution front, the Bancassurance/proprietary channel supported the growth momentum. * VNB margin expanded sharply to 29.1% in 2QFY22 (v/s 19.7% in 1QFY21), su...
Buy Max Financial Services For Target RS.1,250 - Motilal Oswal
Buy Max Financial Services For Target RS.1,250 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
31/12/2021 12:50:48 PM
Investment Idea - Buy Max Financial Services Ltd For Target Rs.1,250 - Motilal Oswal Growth to pick up over FY21-26; margin trajectory stable Protection and Retirement to be the key focus areas; to grow the proprietary channels We hosted an investor day for Max Life Insurance. The company was represented by MD and CEO Mr. Prashant Tripathy, CFO Mr. Amrit Singh, and other members of the senior management team. The management highlighted the progress that it has made over the past years and how it is positioned to capitalize on the exciting opportunities that lie in this ...
Investment Idea - Buy Max Financial Services Ltd For Target Rs.1,250 - Motilal Oswal
Investment Idea - Buy Max Financial Services Ltd For Target Rs.1,250 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
3/12/2021 11:59:45 AM
Buy Max Financial Services Ltd For Target Rs.1,250 - Motilal Oswal Growth to pick up over FY21-26; margin trajectory stable Protection and Retirement to be the key focus areas; to grow the proprietary channels We hosted an investor day for Max Life Insurance. The company was represented by MD and CEO Mr. Prashant Tripathy, CFO Mr. Amrit Singh, and other members of the senior management team. The management highlighted the progress that it has made over the past years and how it is positioned to capitalize on the exciting opportunities that lie in this ...
Buy Max Financial Services Ltd For Target Rs.1,250 - Motilal Oswal
Buy Max Financial Services Ltd For Target Rs.1,250 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
2/12/2021 10:10:28 AM
Buy Max Financial Services Ltd For Target Rs.1,290 - Emkay Global H1FY22: on the right track; reiterate Buy Max Financial posted a good show in H1FY22, with robust operational performance by the operating company, Max Life, which delivered 19% APE growth and 24% VNB growth amid a challenging operating environment in the face of a severe Covid-19 second wave. On the nonoperational front (MAXF-Max Life merger, purchase of ~5.2% stake in Max Life by MAXF from Mitsui Sumitomo and up to 7% additional stake transfer to Axis Bank group), the status was broadly ...
Buy Max Financial Services Ltd For Target Rs.1,290 - Emkay Global
Buy Max Financial Services Ltd For Target Rs.1,290 - Emkay Global
Source: Emkay Global Financial Services Ltd
23/11/2021 12:45:04 PM
Update On Max Financial Services Ltd By Yes Securities Result Highlights Embedded Value metrics * Annual Premium Equivalent: APE at Rs.12,830 mn was up by 11% YoY and 47% QoQ. * Value of New Business: VNB stood at Rs. 3,740mn, up by 15% YoY and 117% QoQ * VNB margin (APE basis): VNB margin came in at 29.2%, expanding by 949bps on sequential basis and 99bps on YoY basis.   Product traction and mix * Par product APE grew 76%/60% QoQ/YoY, with share in new business APE rising 336bps/623 bps QoQ/YoY to 20%. * ULIP APE gr...
Update On Max Financial Services Ltd By Yes Securities
Update On Max Financial Services Ltd By Yes Securities
Source: Yes Securities Ltd
16/11/2021 11:20:18 AM
Buy MAX Financial Services Ltd For Target Rs.1,250 - Motilal Oswal Steady performance; VNB margin moderates on seasonal factors Non-PAR growth and Persistency trends robust * MAX Life Insurance (MAXLIFE) continued to demonstrate a resilient performance in a challenging macro environment, led by healthy 32% APE growth. This was owing to robust growth in Non-PAR Savings and recovery in ULIP. However, Protection growth has moderated, similar to that for peers. On the distribution front, the strong push via the bancassurance channel has aided premium growt...
Buy MAX Financial Services Ltd For Target Rs.1,250 - Motilal Oswal
Buy MAX Financial Services Ltd For Target Rs.1,250 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
24/09/2021 11:09:35 AM
Update On Max Financial Services Ltd By Yes Securities Result Highlights * Premium and APE – Premium Income for Max Life was at Rs 33.78bn and grew by 27% YoY but de-grew by -52% QoQ. APE at Rs8.75bn grew by 32% yoy but de-grew by -54% qoq. * VNB & VNB Margin – Q1FY22 VNB was at Rs1.72bn, while VNB margin at 19.7%. VNB margin expanded by 256bps YoY but contracted 439 bps QoQ. * Persistency– Sequentially, persistency improved by 100bps for 13th Month and remained flat for 61st Month. On a YoY basis 13th month persist...
Update On Max Financial Services Ltd By Yes Securities
Update On Max Financial Services Ltd By Yes Securities
Source: Yes Securities Ltd
12/08/2021 11:57:29 AM
Buy Max Financial Services Ltd Target Rs.1105 - Religare Broking Derivative Ideas MFSL FUTS added around 4% in open interest as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in MFSL in cash as per below levels Strategy:- BUY MFSL BETWEEN 1060-1065 STOPLOSS 1040 TARGET 1105.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   ...
Buy Max Financial Services Ltd Target Rs.1105 - Religare Broking
Buy Max Financial Services Ltd Target Rs.1105 - Religare Broking
Source: Religare Broking Ltd
12/07/2021 12:33:58 PM
Buy MAX Financial Services Ltd For Target Rs.1,200 - Motilal Oswal Steady performance; Non-PAR growth remains robust Persistency improves; maintains healthy provisioning buffer towards pandemic linked claims * MAXLIFE continues to demonstrate resilient performance amid a challenging macro environment, led by healthy (36%) APE growth, aided by robust growth in Non-PAR savings and recovery in the ULIP segment. After witnessing robust Protection growth over 1H, the same moderated during 2HFY21. * Healthy product mix towards high margin segments and str...
Buy MAX Financial Services Ltd For Target Rs.1,200 - Motilal Oswal
Buy MAX Financial Services Ltd For Target Rs.1,200 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/06/2021 10:57:34 AM
Buy Max Financial Services Ltd For Target Rs. 1,145 - Emkay Global Robust Q4 growth; FY21 was a year of margin re-set * Max Life (MAXL) reported robust growth of ~35.8% yoy in APE to Rs19.4bn (against our estimate of Rs14bn) during Q4FY21 as company witnessed a sharp surge in retail demand. VNB grew ~43.6% yoy to Rs4.6bn. Although the company benefited from the low base of last year, overall growth trajectory remained robust in Q4FY21. * VNB margins declined to ~23.7% in Q4 from ~25.9% in 9MFY21 as the portfolio mix shifted to ULIP products, with the s...
Buy Max Financial Services Ltd For Target Rs. 1,145 - Emkay Global
Buy Max Financial Services Ltd For Target Rs. 1,145 - Emkay Global
Source: Emkay Global Financial Services Ltd
12/06/2021 9:26:47 AM
Update On Max Financial By Yes Securities Result Highlights * Premium– Premium Income was at Rs 70bn and grew by 21% on YoY basis and 54% on sequential basis.   * APE – APE at Rs19bn was higher than our estimates of Rs17.4bn. APE grew by 36% yoy and 56% qoq. The growth was led mainly on back more than doubling of Non‐Par segment.   * APE Mix – Share of Non‐Par increased by 1113bps and ULIP increased by 181bps, which was offset by decline in share of Par and Protection business. &nbs...
Update On Max Financial By Yes Securities
Update On Max Financial By Yes Securities
Source: Yes Securities Ltd
10/06/2021 10:13:19 AM
Max Financial Servic Q4 net profit up 13.63% at Rs 75.60 cr The company reported standalone net profit of Rs 75.60 crore for the quarter ended March 31, 2021 as compared to Rs 66.53 crore in the same period last year, registering a year-on-year growth of 13.63 per cent. Net revenue of the company rose by 5.79 per cent at Rs 243.11 crore in January-March quarter of this fiscal as against Rs 229.80 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 336.02 per cent to Rs 138.96 crore from Rs 31.87 c...
Max Financial Servic Q4 net profit up 13.63% at Rs 75.60 cr
Max Financial Servic Q4 net profit up 13.63% at Rs 75.60 cr
Source: Dion Global Solutions Ltd
9/06/2021 11:15:04 AM
Buy Max Financial Services Ltd Target Rs.1060 - Religare Broking Derivative Ideas MFSL FUTS added around 17% in open interest as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in MFSL in cash as per below levels. Strategy:- BUY MFSL BETWEEN 1000-1005 STOPLOSS 970 TARGET 1060.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 Above ...
Buy Max Financial Services Ltd Target Rs.1060 - Religare Broking
Buy Max Financial Services Ltd Target Rs.1060 - Religare Broking
Source: Religare Broking Ltd
9/06/2021 10:08:30 AM
Stock Picks - Jubilant FoodWorks and Max Financial Services Ltd By ICICI Direct Jubilant Foodworks Buy Jubilant FoodWorks Limited @ 2888.00-2894.00 CMP 2891.00 TGT 2941.00 SL 2864.40   Max Financial Buy Max Financial Services Ltd @ 879.00-883.00. CMP 881.00​​​​​​​ TGT 898.00 SL 872.40   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all par...
Stock Picks - Jubilant FoodWorks and Max Financial Services Ltd By ICICI Direct
Stock Picks - Jubilant FoodWorks and Max Financial Services Ltd By ICICI Direct
Source: ICICI Direct
27/04/2021 11:35:05 AM
Add Max Financial Ltd For Target Rs.850 - HDFC Securities NPAR business drives margin beat MAXL delivered an APE growth of 21.3% YoY (beating the top 3 listed peers). Higher share of NPAR business coupled with better fixed cost absorption drove margins higher by 488bps YoY to 25.9% in 9MFY21. We expect margins to slightly moderate in 4QFY21 as proportion of PAR and ULIPs increases in 4Q. We expect an FY21-23E APE/VNB CAGR of 13.8/11.1% and have adjusted our estimates to build in higher margins. We retain our ADD rating with a higher target price ...
Add Max Financial Ltd For Target Rs.850 - HDFC Securities
Add Max Financial Ltd For Target Rs.850 - HDFC Securities
Source: HDFC Securities Ltd
15/03/2021 10:59:41 AM
Buy MAX Financial Services Ltd For Target Rs.860 - Motilal Oswal VNB margin buoyant; Non-PAR growth remains robust Growth momentum reviving in the proprietary channel * MAX Life Insurance (MAXLIFE) has demonstrated a resilient performance amid a challenging macro environment, with 21% APE growth, led by robust growth in Non-PAR savings and a recovery in ULIP. After witnessing robust Protection growth over 1HFY21, the same has moderated during 3Q. Shareholders’ PAT grew at 43% YoY during 3QFY21. * Absolute VNB growth stood robust (65% YoY),...
Buy MAX Financial Services Ltd For Target Rs.860 - Motilal Oswal
Buy MAX Financial Services Ltd For Target Rs.860 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
13/03/2021 10:03:00 AM
Buy MAX Financial Services Ltd For Target Rs. 860 - Motilal Oswal VNB margin buoyant; Non-PAR growth remains robust Growth momentum reviving in the proprietary channel * MAX Life Insurance (MAXLIFE) has demonstrated a resilient performance amid a challenging macro environment, with 21% APE growth, led by robust growth in Non-PAR savings and a recovery in ULIP. After witnessing robust Protection growth over 1HFY21, the same has moderated during 3Q. Shareholders’ PAT grew at 43% YoY during 3QFY21. * Absolute VNB growth stood robust (65% YoY), l...
Buy MAX Financial Services Ltd For Target Rs. 860 - Motilal Oswal
Buy MAX Financial Services Ltd For Target Rs. 860 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
17/02/2021 9:10:31 AM
Update On Max Financial Ltd By Yes Securities Best in class profitability   * Premium – Premium Income was at Rs 45bn and grew by 19% on YoY basis and 2% on sequential basis.   * APE – APE at Rs12.25bn was higher than our estimates of Rs11.11bn. APE grew by 21% yoy and 6% qoq. The growth was led mainly on back more than doubling of Non‐Par segment.   * APE Mix – Share of Non‐Par increased by 1448bps which was offset by decline in share of ULIPs and Par business. Share of Individua...
Update On Max Financial Ltd By Yes Securities
Update On Max Financial Ltd By Yes Securities
Source: Yes Securites Ltd
10/02/2021 11:31:54 AM
Buy MAX Financial Services Ltd For Target Rs.830 - Motilal Oswal Bridging the gaps! Robust distribution; AXSB deal to further cement sector positioning * MAX Life Insurance (MAXLIFE) has demonstrated resilient performance amid a difficult macro environment, delivering 10% YTD growth in new business APE v/s a 3% decline for private peers, led by a shift in product mix towards Protection and Non-PAR segments. * The management has increased its focus on the Protection and Non-PAR segments, with their share increasing to ~31% in FY20 from ~16% in FY17...
Buy MAX Financial Services Ltd For Target Rs.830 - Motilal Oswal
Buy MAX Financial Services Ltd For Target Rs.830 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
30/01/2021 10:09:02 AM