Buy Max Financial Services, target Rs 531: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Max Financial Services Ltd. with a target price of Rs 531. The current market price of Max Financial Services Ltd. is Rs 523.4. Time period given by the analyst is Intra Day when Max Financial Services Ltd. price can reach defined target. Dr CK Narayan recommended to keep stop loss at Rs 517.

Max Financial Services Ltd., incorporated in 1988, is a large-cap company with a market cap of Rs 14048.88 crore.

Max Financial Services Ltd. key Products/Revenue Segments include Income From Dividend which contributed Rs 220.65 Crore to Sales Value (86.55 % of Total Sales), Income from Shared Services which contributed Rs 21.22 Crore to Sales Value (8.32 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 12.91 Crore to Sales Value (5.06 % of Total Sales) and Interest which contributed Rs .14 Crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2017.

The companys top management includes Mr.Aman Mehta, Mr.Analjit Singh, Mr.Ashwani Windlass, Mr.D K Mittal, Mr.Mohit Talwar, Mr.Rajesh Khanna, Mr.Sanjay Nayar, Ms.Naina Lal Kidwai. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-03-2018, the company has a total of 268,384,027 shares outstanding.

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