Sell Max Financial Services, target Rs 370: Dr CK Narayan – Economic Times


Dr CK Narayan of Chart Advise has a sell call on Max Financial Services Ltd. with a target price of Rs 370. The current market price of Max Financial Services Ltd. is Rs 378.4. Time period given by the analyst is Intra Day when Max Financial Services Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 384. Max Financial Services Ltd., incorporated in 1988, is a midcap company with a market cap of Rs 10178.11 crore.

Max Financial Services Ltd. key Products/Revenue Segments include Income From Dividend which contributed Rs 200.16 Crore to Sales Value (87.50 % of Total Sales), Income from Shared Services which contributed Rs 21.24 Crore to Sales Value (9.28 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 7.21 Crore to Sales Value (3.15 % of Total Sales) and Interest which contributed Rs .13 Crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 176.36 Crore, up 2169.76 % from last quarter Sales of Rs 7.77 Crore and up 47.29 % from last year same quarter Sales of Rs 119.74 Crore Company has reported net profit after tax of Rs 139.89 Crore in latest quarter. The company’s top management includes Mr.Aman Mehta, Mr.Analjit Singh, Mr.Ashwani Windlass, Mr.D K Mittal, Mr.Jai Arya, Mr.Mohit Talwar, Mr.Rajesh Khanna, Mr.Sahil Vachani, Mr.Sanjay Nayar, Ms.Naina Lal Kidwai. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-12-2018, the company has a total of 268,977,471 shares outstanding.



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