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The Q2 result was announced after market hours on Friday, 8 November 2013.
Meanwhile, the S&P BSE Sensex was down 95.21 points or 0.46% at 20,570.94
On BSE, 9,846 shares were traded in the counter as against average daily volume of 22,436 shares in the past one quarter.
The stock hit a high of Rs 191.20 and a low of Rs 185.30 so far during the day. The stock had hit a 52-week high of Rs 266.70 on 5 December 2012. The stock had hit a 52-week low of Rs 150.50 on 4 September 2013.
The stock had underperformed the market over the past one month till 8 November 2013, rising 2% compared with the Sensex's 3.42% rise. The scrip also underperformed the market in past one quarter, rising 1.94% as against Sensex's 9.99% rise.
The mid-cap company has equity capital of Rs 53.19 crore. Face value per share is Rs 2.
Max India's total income rose 15.8% to Rs 214.16 crore in Q2 September 2013 over Q2 September 2012.
Commenting on the company's Q2 performance, Mr. Rahul Khosla, Managing Director, Max India said, “Our Businesses of Life are positioned for sustained and profitable growth, and are setting the pace in their respective industries. These results are especially pleasing when evaluated against the backdrop of a generally challenging macroeconomic and regulatory environment. This positive financial performance, a healthy balance sheet and a comfortable liquidity position has led the Board of Directors to approve an interim dividend of 90%. I am confident that our commitment to core values and strategies will continue to deliver superior results in the future”.
Mr. Mohit Talwar, Deputy Managing Director, Max India said, “The liquidity position continues to be healthy at Rs 2300 crore across operating companies and the listed entity. This will ensure that the Group is well positioned to tap future growth opportunities”.
Max India Group is a multi-business corporate. The company is into life insurance and health insurance businesses through its subsidiaries and joint ventures. The company also provides healthcare services.
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