Max Financial Services: Breakout Above ₹1315 with Fresh Momentum | Target ₹1700

Max Financial Services has broken a key resistance level of ₹1315 with strong momentum. Backed by improved quarterly profits and delivery volume, the stock may head towards ₹1700 in the coming weeks.

5/17/20251 min read

📊 Sector Overview:

  • Stock Name: Max Financial Services Ltd.

  • Symbol: MFSL

  • Exchange: NSE

  • Sector: Financial Services

  • Industry: Life Insurance

  • Current Price: ₹1355

  • Target Price: ₹1700

  • Type: Breakout Stock

  • Close Within 52-Week High Zone: ✅ Yes

  • Stock Outperforming Benchmark Index (1 Week & 3 Months): ✅ Yes

  • Stock Outperforming Sectoral Index (1 Week & 3 Months): ✅ Yes

  • Momentum Score (1M 3M 6M) in Bullish Zone: ✅ Yes

  • Delivery Percentage:

    • 1 Month Average: ~70%

    • 16th may : ~66%

🔎 Why this Sector Looks Strong?

  • Major breakout above ₹1315, breaking October 2024 resistance

  • Strong price action near all-time high of ₹1372

  • Volume and delivery data suggest accumulation by strong hands

  • Positive net profit turnaround in Q4

  • Outperforming broader market and sector indices

  • Technical momentum continues across all key timeframes

🧾 Latest Financial Performance (March 2025 Quarter):

  • Quarterly Net Profit: ₹31.31 Cr vs ₹(44.05) Cr YoY (positive turnaround)

  • Quarterly Sales: ₹12,375.7 Cr vs ₹14,887.5 Cr YoY (↓16.87%)

  • Full FY25 Net Profit: ₹327.21 Cr vs ₹340.08 Cr YoY (↓3.78%)

  • Full FY25 Sales: ₹46,468.91 Cr vs ₹46,575.62 Cr YoY (↓0.23%)

🎯 Target, Stop Loss & Time Horizon:

  • 🎯 Target Zone: ₹1650 – ₹1700

  • 🔒 Stop Loss: ₹1275

  • ⏳ Time Horizon:

    • Medium-Term: 2.5-3 months for ₹1650–₹1700

🧭 Technical Snapshot

  • Breakout Level: ₹1315

  • Resistance Broken: Yes (Oct 2024 level)

  • All-Time High: ₹1372

  • Current Price Action: Sustaining above previous highs with momentum

  • Momentum Indicators: Strong and bullish (1M, 3M, 6M))