Max Financial Services: This Stock can give 30% Returns | Max Financial Share Market News

Описание: Company posted mixed set of results for the September quarter. While annualized premium equivalent (APE) growth remained subdued, there was healthy momentum in the ULIP segment. Share of protection products came down in the first half.

Management expects growth to pick up from here on and is looking to capitalize on the long-term potential of the protection business in the future. Going forward, company could maintain its VNB margin in the narrow range of 25-26% and APE to grow at 21% CAGR over FY21-24.

Most analysts remain positive on the stock which is trading at 3.6 times September 2023 estimated enterprise value. Stock could reach levels of Rs. 1,250 over the next few months.

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