Buy Max Financial Services, target price Rs 1110: Emkay Global

Emkay Global has buy call on Max Financial Services with a target price of Rs 1110. The current market price of Max Financial Services Ltd. is Rs 710.4. Time period given by analyst is one year when Max Financial Services Ltd. price can reach defined target.

Max Financial Services Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 24380.63 Crore) operating in Financial Services sector.

Max Financial Services Ltd. key Products/Revenue Segments include Income From Dividend, Income From Sale Of Share & Securities, Sale of services, Rental Income and Interest for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 6954.76 Crore, down -25.44 % from last quarter Total Income of Rs 9327.37 Crore and down -22.64 % from last year same quarter Total Income of Rs 8990.28 Crore. Company reported net profit after tax of Rs 90.93 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 14.72 per cent stake in the company as of 31-Mar-2022, while FIIs owned 45.12 per cent, DIIs 32.15 per cent.