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Last Updated : Jun 03, 2019 04:30 PM IST | Source: Moneycontrol.com

Hold Max Financial Services; target of Rs 480: Sharekhan

Sharekhan recommended Hold rating on Max Financial Services with a target price of Rs 480 in its research report dated May 29, 2019.

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Sharekhan's research report on Max Financial Services


Max Financial Services (MFS) posted healthy results in terms of premium growth, margin performance and traction in new business during Q4FY2019. Margin performance was strong for MFS as new business margin (Actual) for the quarter improved by 230 BPS y-o-y. We believe near-term upsides may be limited for the stock due to pending clarity on developments on M&A.


Outlook


We maintain our Hold rating on the stock with a revised PT of Rs. 480.


For all recommendations report, 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.



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First Published on Jun 3, 2019 04:30 pm
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