Sell Max Financial Services, price target Rs 475: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on Max Financial Services Ltd. with a target price of Rs 475.0 . The current price of Max Financial Services Ltd. is Rs 499.85 Time period given by the analyst is Intra Day when Max Financial Services Ltd. price can reach defined target. . Kunal Bothra recommended to keep a stoploss at Rs 515 .

Max Financial Services Ltd., incorporated in 988, 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.