Max Financial Services: Well-Managed Franchise; Valuations Factor Most Positives, Says Dolat Capital
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Traditionally a par player, Max Life has significantly diversified its product mix and has made significant strides to capture the protection and non-par segment.
Max Financial Services Ltd. has been able to build a strong franchise with a profitable agency channel. Axis Bank Ltd.’s transaction will also give more comfort to the renewal on the bancassurance tie-up which is due to expire in September 2021.
The company has already delivered strong growth thus far and we believe stock price largely reflects the positives from the Axis deal as well as top-line growth.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.