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    Sell Max Financial Services, price target Rs 485: CK Narayan

    Synopsis

    The analyst suggested a stoploss at Rs 510 .

    ETMarkets.com
    CK Narayan of Chart Advise has a sell call on Max Financial Services Ltd. with a target price of Rs 485.0 . The current price of Max Financial Services Ltd. is Rs 507.0 Time period given by the analyst is Intra Day when Max Financial Services Ltd. price can reach defined target. . CK Narayan recommended to keep a stoploss at Rs 510 .

    Max Financial Services Ltd., incorporated in 1988, has a market cap of Rs 13471.43 crore.
    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.

    The company’s top management includes Mr.Aman Mehta, Mr.Analjit Singh, Mr.Charles Richard Vernon Stagg, Mr.D K Mittal, Mr.Jai Arya, Mr.Mohit Talwar, Mr.Sahil Vachani, Mr.Sanjay Nayar, Ms.Naina Lal Kidwai. Company has Deloitte Haskins & Sells LLP as its auditors As on 31-12-2019, the company has a total of 269,509,487 shares outstanding.



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    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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