Max Financial Shares Rise on Jefferies Upgrade

  Published 1 year 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.

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