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Max Financial Services Ltd News

Max Financial Services Q3 results: Net profit falls 59% to Rs 70 cr

Max Financial Services Ltd (MFSL), the holding company of Axis Max Life Insurance Limited, on Tuesday reported a 59 per cent fall in net profit to Rs 70 crore in the third quarter ended December 2024. The company had earned a consolidated net profit of Rs 171 crore in the year-ago period. During the reporting quarter, policyholders' income from life insurance operations saw a decline to Rs 8,809 crore as against Rs 12,237 crore in the same quarter a year ago, MFSL said in a release. As a result, the consolidated total income plummeted to Rs 8,927 crore as compared to Rs 12,359 crore in the third quarter of previous year, it said. The other subsidiary under MFSL is Max Life Pension Fund Management Limited.

Max Financial Services Q3 results: Net profit falls 59% to Rs 70 cr
Updated On : 04 Feb 2025 | 11:16 PM IST

Life insurance stocks rally up to 10% on HDFC Life's healthy Q3 earnings

Shares of HDFC Life, ICICI Prudential, SBI Life and Max Financial Services are up in the range of 5 per cent and 10 per cent

Life insurance stocks rally up to 10% on HDFC Life's healthy Q3 earnings
Updated On : 16 Jan 2025 | 10:21 AM IST

Life insurance stocks fall; HDFC Life, SBI Life, Max Financial dip up to 7%

According to the latest data, HDFC Life distributes 65 per cent of its insurance policies through banking channels, followed by SBI Life (60 per cent), Max Life (52 per cent), and ICICI Prudential

Life insurance stocks fall; HDFC Life, SBI Life, Max Financial dip up to 7%
Updated On : 28 Nov 2024 | 2:59 PM IST

Why Max Financial shares soared 10%, scaled lifetime high on Oct 23?

Max Financial Services shares surged to their all time high level at Rs 1,283.20 a piece on Wednesday, soaring 9.64 per cent on the BSE

Why Max Financial shares soared 10%, scaled lifetime high on Oct 23?
Updated On : 23 Oct 2024 | 1:01 PM IST

Nifty weekly expiry in focus; FIIs pile up bearish bets in Bank Nifty

Derivatives market update Oct 10: FIIs open positions in Bank Nifty up over 200% since the start of Oct; overall long-short ratio in index futures now at lowest level since June.

Nifty weekly expiry in focus; FIIs pile up bearish bets in Bank Nifty
Updated On : 10 Oct 2024 | 9:47 AM IST

Max Financial Services promoter firm sells 3.19% stake to repay debt

Max Financial Services on Friday said its promoter group firm has sold a 3.19 per cent stake to repay their debt. Max Ventures Investment Holdings Pvt Ltd, a promoter company of Max Financial Services Ltd, sold 1.10 crore equity shares or 3.19 per cent in Max Financial Services on September 5. "The promoters have cleared all its debt and the pledge of shares held by the promoter in the target company (Max Financial Services) will be Nil," Max Financial said in a BSE filing. After the share sale, Max Ventures Investment Holdings Pvt Ltd's stake was reduced to 3.22 per cent from 6.40 per cent in Max Financial Services.

Max Financial Services promoter firm sells 3.19% stake to repay debt
Updated On : 06 Sep 2024 | 5:41 PM IST

How to trade Max Financial Services stock amid these 3 key developments

Technical chart shows that MFSL stock is facing some resistance around Rs 1,140 level; while the short-term trend may turn cautious, the overall trend seems positive; check key levels here.

How to trade Max Financial Services stock amid these 3 key developments
Updated On : 06 Sep 2024 | 11:12 AM IST

F&O Cues: Premium jumps in Nifty, Bank Nifty futures; options flag caution

Derivatives market update for Sept 06: The Nifty PCR dipped from 0.74, while Bank Nifty to 0.78; reflecting a cautionary trend said Dhupesh Dhameja of SAMCO Securities. Max Financial see short buildup

F&O Cues: Premium jumps in Nifty, Bank Nifty futures; options flag caution
Updated On : 06 Sep 2024 | 9:23 AM IST

Max Financial Services' promoter sells 3.18% stake for Rs 1,218 cr

Max Ventures Investment Holdings, a promoter entity of Max Financial Services, on Thursday divested a 3.18 per cent stake in the company for Rs 1,218 crore through an open market transaction. Analjit Singh-promoted Max Financial Services Ltd (MFSL), a part of the Max Group, is the holding company for Max Life Insurance. According to the bulk deal data available on the National Stock Exchange (NSE), Max Ventures Investment Holdings sold a total of 1,10,00,000 shares amounting to a 3.18 per cent stake in Noida-based Max Financial Services. The shares were disposed of at an average price of Rs 1,107.37 apiece, taking the transaction value to Rs 1,218.11 crore. After the latest transaction, the combined shareholding of promoters in MFSL has declined to 3.34 per cent from 6.52 per cent. Details of the buyers of Max Financial Services' shares could not be ascertained. Shares of Max Financial Services Ltd fell 1.42 per cent to close at Rs 1,117.25 apiece on the NSE. In August last year

Max Financial Services' promoter sells 3.18% stake for Rs 1,218 cr
Updated On : 05 Sep 2024 | 10:15 PM IST

Max Financial slips 2.3% after 2.37 mn shares changed hands via block deals

Max Financial shares fell after 2.37 million shares changed hands via multiple block deals.

Max Financial slips 2.3% after 2.37 mn shares changed hands via block deals
Updated On : 05 Sep 2024 | 12:24 PM IST

New surrender-value norms: Max Life pencils in 100-200-bp hit to profit

VNB margin measures the profitability margin for life insurers

New surrender-value norms: Max Life pencils in 100-200-bp hit to profit
Updated On : 15 Aug 2024 | 4:28 PM IST