BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Morgan Stanley initiates Max Financial Services with overweight
Max Financial Services is the only direct insurance play. Expect faster growth and better profitability in next 2 years. Strong capital position implies low dilution risk. Valuations are broadly fair.