Buy Max Financial Services, target price Rs 1290: Emkay Global

Emkay Global has buy call on Max Financial Services with a target price of Rs 1290. The current market price of Max Financial Services is Rs 983.45. 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 33993.80 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 30-09-2021, the company reported a Consolidated Total Income of Rs 9327.37 Crore, up 56.94 % from last quarter Total Income of Rs 5943.14 Crore and up 32.87 % from last year same quarter Total Income of Rs 7020.11 Crore. Company reported net profit after tax of Rs 47.65 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 14.72 per cent stake in the company as of 30-Sep-2021, while FIIs owned 49.58 per cent, DIIs 27.5 per cent.