• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney Invest Now master your money
Moneycontrol

Home » News » Recommendations

Feb 16, 2017, 11.34 AM | Source: Moneycontrol.com

Buy Max Financial Services; target of Rs 661: Edelweiss

Edelweiss is bullish on Max Financial Services has recommended buy rating on the stock with a target price of Rs 661 in its research report dated February 13, 2017.

Like this story, share it with millions of investors on M3

Buy Max Financial Services; target of Rs 661: Edelweiss

Edelweiss is bullish on Max Financial Services has recommended buy rating on the stock with a target price of Rs 661 in its research report dated February 13, 2017.

Post Your Comments

Share Cancel

(more)

, Edelweiss |


Edelweiss' research report on Max Financial Services

Max Financial Services’ (MFS; holding company for life insurance) Q3FY17 performance held in good stead. Growth momentum in life insurance business sustained and delivered across critical business metrics— persistency, healthy AUM accretion and stable expense ratio. Further, MFS will merge with HDFC Life pursuant to various approvals (recent developments indicate the merger may be delayed by a couple of months pending regulators’ approvals).

Outlook

We believe, the merged entity will emerge stronger and operating leverage benefits will help it clock even better RoEVs (refer our note, Life Insurance: Coming of age, dated September 12, 2016). Maintain ‘BUY’.

For all recommendations, click here

Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Buy, Hold, Sell ? Hear it first on M3
Buy Max Financial Services; target of Rs 661: Edelweiss

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login