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Max Financial: Investors should shift attention to fundamentals

With 72 per cent gains in six months, the stock is an outperformer in the pack; monthly premium numbers don't provide comfort

Topics
Max Financial | Investors | Max Life Insurance

Hamsini Karthik  |  Mumbai 



Insurance
According to reports, Axis Bank planned to acquire a stake in MLI for a 17 per cent stake in Max Life instead of the earlier proposed 29 per cent.

The year has belonged to insurance stocks so far, particularly life insurers. Among the lot, Services, the holding company of (MLI), is the clear winner with gains of 72 per cent in six months. Thus far, its deal with Axis Bank, first announced in February, has kept the interest alive. In fact, with revised terms of the merger, analysts at CLSA, Emkay Global, Sharekhan, and Investec Securities say the deal is more or less done. CLSA says regulatory uncertainties are less likely.

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First Published: Fri, October 02 2020. 18:53 IST

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