Get App
Last Updated : Dec 30, 2019 10:49 AM IST | Source:

Buy Max Financial Services target of Rs 590: Sharekhan

Sharekhan is bullish on Max Financial Services has recommended buy rating on the stock with a target price of Rs 590 in its research report dated December 27, 2019.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Max Financial Services

Max Life Insurance (MLI) (holding company Max Financial Services) continues with strong operational performance (healthy margins, adequately capitalized and attractive EV growth) and is an attractive business franchise (6% overall market share). Despite uncertainties, we believe that strong business fundamentals and the current valuation (at significant discount to peers) makes the risk-return favourable for Max Financial Services. We introduce FY22E earnings estimates and accordingly arrive at a price target (based on two-year average multiples).


We upgrade our rating to BUY on the stock with a revised PT of Rs. 590.

For all recommendations report, click here

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

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Dec 30, 2019 10:49 am
Follow us on