Max Financial Servic News

Please find attached the Scrutinizers Report and Voting Results for the 36th Annual General Meeting

As per the disclosure attached.

As per the disclosure attached

If one looks at the recent performance of the largecap stocks, they have been able to cover some of the differential which had developed in the valuations between mid and large stocks. But if one looks at the long -term average, there is still a scope of mean reversion. As an investor, even in a bull market, it would be better to stay prepared for a volatile phase. So a part of the incremental exposure should be going to large cap stocks. But here the difference has to be made between what is a large cap and what are mega caps. There is more to large cap than TCS, Infy and Reliance. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

As per the disclosure attached

As per the disclosure attached

Top brokerage firms shared their latest stock ratings: JP Morgan recommended Hindalco and Apollo Hospitals, highlighting robust expansions and increased occupancy rates. Goldman Sachs suggested selling Hero Motocorp due to revenue shortfalls. Jefferies and Investec advised buying Max Financial and Nykaa, seeing growth potential. Detailed analysis and future projections backed these recommendations.

Max Financial Services experienced a decline from July 2024 highs but rebounded after consolidating for eight months. Experts suggest high-risk traders target Rs 1,400, as the stock broke resistance levels between 1,069 and 1,080. They recommend buying during dips towards this range, aiming for gains over the next 2-4 months.

As per the disclosure attached

As per the disclosure attached

As per the disclosure attached.

As per the disclosure attached

As per the disclosure attached.

Q1 results today: Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance Technologies, Ipca Labs, NBCC (India), Godrej Industries among others will also declare their quarterly results

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A Bench led by acting chief Justice Manmohan, however, turned down a petition by former Rajya Sabha member Subramanian Swamy, seeking to set up a committee to probe “alleged fraudulent acts.”

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As per the disclosure attached

As per the disclosure attached

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vistra ITCL (India) Ltd

Mirae Asset ELSS Tax Saver Fund: This fund retains the essence of its larger siblings—Mirae Asset Large Cap and Mirae Asset Large and Mid Cap—with emphasis on quality of earnings. The fund tends to give more weight to large caps compared to mid-cap ideas from the same funds. The fund portfolio size has expanded and it has pared back some of its larger positions. Should you invest?

As per the disclosure attached

As per the disclosure attached.

As per the disclosure attached

As per the disclosure attached

Close to two decades back, private insurance companies started gaining prominence, there were two issues which got highlighted. First, the vast opportunity for insurance companies to tap into. Second, a voice of concern, about three things, capital, expertise and patience to run an insurance company. If one looks at the situation today, probably both have come true. There have been phases where headwinds took over the positive. Covid brought a lot of awareness about the need, but then also brought in a need for more capital. Then came changes in tax laws, which was another big blow. Given the fact that the overall size of the markets, a number of these problems will get resolved over a period of time. It is probably a sector which long term investors should have on their watchlist because the overall opportunity for the sector is very big.

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Nifty may report 4% Q1 earnings growth driven by BFSI, auto, metals, healthcare, and real estate, with Trent and Zomato showing significant consumption sector growth. Pharmaceuticals Glenmark Pharma and Laurus Labs have high growth, private and PSU banks lower. Motilal Oswal and Kotak predict 30 companies may report over 100% profit growth.

As per the disclosure attached.

As per the disclosure attached

Max Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2024 ,inter alia, to consider and approve In terms of Regulation 29 and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, August 13, 2024, inter alia, to consider and approve the un-audited financial results of the Company (both standalone and consolidated) for the quarter ending on June 30, 2024.

Nifty's trajectory remains uncertain, influenced by sector rotation and FIIs' activities. Investors should focus on specific stocks and sectors for trading opportunities to capitalize on market movements.

Axis Bank and its two subsidiaries - Axis Capital Ltd and Axis Securities Ltd - were allowed to collectively own about 20 per cent in Max Life Insurance by the Insurance Regulatory and Development Authority of India (IRDAI).

Axis Bank and its subsidiaries have approved increasing their stake in Max Life Insurance to 19.99% through a Rs 336 crore cash deal. This move aims to bolster Axis Bank's presence in the life insurance sector, following earlier regulatory approvals for equity infusion in Max Life.

While one might be focussed what is happening in nifty and mid-cap space, if one looks at the recent performance of the large caps, there are a number of them which have done a catch up in just the last two weeks. When the valuation differential in mid and large caps stocks becomes extremely high, large caps tend to do well as mean reversion takes place. There is a high probability that we might see some of that happening in the next couple of weeks. Given the rotational trade which is taking place in the market, overall sentiment is likely to remain bullish. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

Just because the Nifty has been trading in a volatile mood for the last few trading sessions, the word correction might be heard on the street. The fact is that if one looks at the internal of the markets, there has been an ongoing correction which is taking place which has been largely guided by the numbers which companies have delivered for Q4. Also there is a kind of sectoral correction taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

Just because the Nifty has been trading in a volatile mood for the last few trading sessions, the word correction might be heard on the street. The fact is that if one looks at the internal of the markets, there has been an ongoing correction which is taking place which has been largely guided by the numbers which companies have delivered for Q4. Also there is a kind of sectoral correction taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

As per the disclosure attached

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mirae Asset Mutual Fund

Max Financial Services Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 31150.06 Crore) operating in Financial Services sector.