Max Financial Shares Rise on Jefferies Upgrade

  Published 11 months ago

Max Financial shares jump 2.75% as Jefferies raises PT to 1,830, citing Insurance Act easing bancassurance concerns and strong YTD gains.

  • Jefferies hikes price target to 1,830, 20% upside, maintaining 'buy' amid regulatory relief for bancassurance.
  • Axis-Max Life JV offers better risk-reward; Jefferies highlights MAXI's attractive valuation and 37% YTD rally.
  • Midcap 100 lags 2.5% while MAXI outperforms, driven by bancassurance partnerships and broker optimism.

You might like these

HDFC AMC Q1 Profit Jumps 31%

Adani Denies U.S. Bribery Allegations Affirms Clean Record

Navodaya Vidyalaya Samiti's Major Campus Projects

Infosys Lifts Forecast, Analysts Cheer

India Stock Exchanges Shift Derivatives Expiry Days

BEML FY25 Results: Growth & Efficiency

RBI Reports 7% Rise in Currency

News that matters the most ⚡