NSE: MFSL | BSE: 500271

Momentum Trap

Download real time

1567.20 -15.60 (-0.99%)

64.97% Gain from 52W Low

959.4K NSE+BSE Volume

NSE 11 Jul, 2025 3:31 PM (IST)

54,086.4

Market Cap

0.7

Beta 1Year

Very Low volatility

Max Financial Services Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MFSL, BSE:500271 Max Financial Services Ltd.

Max Financial Services Ltd.

09 Jun 2021

1567.20

-0.99%

Q4FY21 Result Update - Maximized performance - ACCUMULATE

Accumulate: Max Financial Services Ltd.

Target

Prabhudas Lilladhar

VNB margins steady at 25% despite higher COVID claim provisions Max Life's overall APE grew by 36% YoY in Q4FY21 ending FY21 with 19.5% YoY growth best among peers and given the pandemic impact which was led by led by 18% FYP premium. Also protection growth of 10-12% YoY was better than peers, while product launches at start of FY21 augured well with non-par savings mix improving by 12% with doubling of APE in FY21. Max has done well at start of FY22 despite challenges from second wave. It should continue to gain market share with continued focus on non-par savings/protection and...

Max Financial Services Ltd. is trading above its 200 day SMA of 1230.3

Max Financial Services Ltd.

09 Jun 2021

1567.20

-0.99%

Steady performance; Non-PAR growth remains robust

Buy: Max Financial Services Ltd.

Target

Motilal Oswal

MAXLIFE continues to demonstrate resilient performance amid a challenging macro environment, led by healthy (36%) APE growth, aided by robust growth in Non-PAR savings and recovery in the ULIP segment. After...

Max Financial Services Ltd. has gained 53.91% in the last 1 Year

Max Financial Services Ltd.

09 Mar 2021

1567.20

-0.99%

Monthly Update - FY21 likely to end with positive growth

Accumulate: Max Financial Services Ltd.

Target

Prabhudas Lilladhar

IPru Life posted a 7% YoY growth on overall APE and 6% on individual APE, a first positive growth in 13 months. On FYTD21 new business de-grew -27% and is likely to end in negative growth for second consecutive year. IPru Life...

Max Financial Services Ltd. has gained 45.43% in the last 6 Months

Max Financial Services Ltd.

25 Feb 2021

1567.20

-0.99%

Event Update - A clearer path with hurdles behind - Accumulate

Max Financial Services Ltd.

Prabhudas Lilladhar

Max Financial Services Ltd. has gained 34.72% in the last 3 Months

Max Financial Services Ltd.

24 Feb 2021

1567.20

-0.99%

Max Financial Services Ltd. | Value Unlocking in Progress | Tactical Buy

Max Financial Services Ltd.

Edelweiss

VALUE UNLOCKING IN PROGRESS

Number of FII/FPI investors increased from 367 to 376 in Mar 2025 qtr.

Max Financial Services Ltd.

09 Feb 2021

1567.20

-0.99%

VNB margin buoyant; Non-PAR growth remains robust

Buy: Max Financial Services Ltd.

Target

Motilal Oswal

Growth momentum reviving in the proprietary channel MAX Life Insurance (MAXLIFE) has demonstrated a resilient performance amid a challenging macro environment, with 21% APE growth, led by robust growth in Non-PAR savings and a recovery in ULIP. After witnessing robust Protection growth over 1HFY21, the same has moderated during 3Q. Shareholders' PAT grew at 43% YoY during 3QFY21. Absolute VNB growth stood robust (65% YoY), led by a VNB margin of 28.6%. This has been supported by robust trends in Non-PAR savings and...

Number of FII/FPI investors increased from 367 to 376 in Mar 2025 qtr.

Max Financial Services Ltd.

30 Dec 2020

1567.20

-0.99%

Max Financial

Accumulate: Max Financial Services Ltd.

Dolat Capital

Traditionally a Par player, MAXLIFE has significantly diversified its product mix and has made significant strides to capture the protection and non-par segment. MAXF has been able to build a strong franchise with a profitable agency channel. AXIS bank transaction will also give more comfort to the renewal on the bancassurance tie-up which is due to expire in September 2021. MAXF has already delivered strong growth thus far and we believe stock price largely reflects the positives from the AXIS deal as well as top-line growth. As most positives are already...

Max Financial Services Ltd. has gained 45.43% in the last 6 Months

Max Financial Services Ltd.

02 Nov 2020

1567.20

-0.99%

Max Financial

Buy: Max Financial Services Ltd.

Target

Sharekhan

Value of New Business (VNB) written during H1FY21 grew by 20% y-o-y, while New Business Margin (NBM) expanded by 320 bps y-o-y to 24.2%, helped by a shift in product mix towards NPAR- Savings and Protection products. EV was at Rs 11,047 Cr., with RoEV at 17.5%. We believe the Indian insurance sector has a long growth runway; and Max Life, with strong metrics, stable bancassurance partnership with Axis Bank, etc is well-placed to benefit from growth opportunities. Max Financial is available a reasonable valuation of 1.7x / 1.5x FY2022E / FY2023E MCap / EV; We maintain Buy with a revised PT of Rs. 750....

Promoters initiated pledges of 28.67% of holdings in Mar 2025 qtr.

Max Financial Services Ltd.

24 Aug 2020

1567.20

-0.99%

Max Financial

Buy: Max Financial Services Ltd.

Target

Sharekhan

Max Financial Services' (MFS') deal with Axis Bank appears to be progressing positively, even though the lender will now buy a lower stake in Max Life Insurance Co. Ltd. (MLIC). Mutually altering the deal, Axis Bank now will acquire 17% in MLIC to increase its holding to 18% (lower than a 29% stake buy announced earlier). The companies have executed a definitive agreement to the effect but are yet to approach regulatory authorities with the revised applications. Axis Bank is one of the key bancassurance partners for Max Life, contributing ~57% (as...

Number of FII/FPI investors increased from 367 to 376 in Mar 2025 qtr.

Is Max Financial Services Ltd. worth buying?

218 Votes:

Buy 70.64%

Sell 19.72%

Hold 9.63%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Neutral SEE REPORTS >

pdf