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Max Financial Services, a leading finance and non-banking financial company (NBFC) in the largecap industry, has seen a positive trend in its stock performance. On October 9th, 2024, the company’s stock gained 3.04%, closing at Rs 1188.75. This has been reflected in the stock call given by MarketsMOJO, which has rated it as a ‘Sell’.
Despite being 1.77% away from its 52-week high of Rs 1212.15, Max Financial Services has outperformed the sector by 1.44% in today’s trading session. The stock has been on a consecutive gain for the last two days, with a 3.57% increase in returns during this period. It also touched an intraday high of Rs 1195.7, showing a 3.41% rise.
Max Financial Services is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock performance. In comparison to the Sensex, the company’s stock has outperformed with a 1-day performance of 3.20% and a 1-month performance of 6.20%, while the Sensex has only seen a 0.47% and 0.56% increase, respectively.
This positive trend in Max Financial Services’ stock performance can be attributed to the company’s strong financial position and its consistent growth in the finance and NBFC industry. With its stock trading at a higher level than its moving averages, it is a good time for investors to keep an eye on this company and its future performance.