Buy Max Financial Services, price target Rs 560: Kunal Bothra

Independent Analyst Kunal Bothra has a buy call on Max Financial Services Ltd. with a target price of Rs 560.0. The current price of Max Financial Services Ltd. is Rs 534.8. Kunal Bothra recommended to keep a stop loss at Rs 525.

Max Financial Services Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 18279.22 Crore) operating in Financial Services sector.

Max Financial Services Ltd. key Products/Revenue Segments include Income From Dividend which contributed Rs 281.01 Crore to Sales Value (88.75 % of Total Sales), Sale of services which contributed Rs 27.29 Crore to Sales Value (8.61 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 8.32 Crore to Sales Value (2.62 % of Total Sales) and Interest which contributed Rs .01 Crore to Sales Value (0.00 % of Total Sales) for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 4685.87 Crore, up 18.67 % from last quarter Sales of Rs 3948.68 Crore and up 8.59 % from last year same quarter Sales of Rs 4315.12 Crore Company has reported net profit after tax of Rs 64.36 Crore in latest quarter.