Max Financial Services May Benefit From Axis Bank's Stake Increase in Max Life -- Market Talk

Dow Jones04-24

0513 GMT - Max Financial Services may benefit from Axis Bank's recent stake increase in Max Life Insurance to 19% from 13%, Ambit Capital analysts say in a research note. The insurer, a joint venture between Max Financial Services and Axis Bank, could gain from better alignment of interest with the bank and from increased penetration of life insurance within Axis Bank's eligible customer base, the analysts note. The insurer's strong proprietary distribution channel also limits risks to margins from competition, the analysts add. Ambit Capital initiates coverage of Max Financial Services with a buy rating and a target price of INR1,270.00 on the shares, which are 0.5% higher at INR1,062.75. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 24, 2024 01:13 ET (05:13 GMT)

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The insurer's strong proprietary distribution channel also limits risks to margins from competition, the analysts add. Ambit Capital initiates coverage of Max Financial Services with a buy rating and a target price of INR1,270.00 on the shares, which are 0.5% higher at INR1,062.75. 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The insurer, a joint venture ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4078","symbol_name":"消费电子产品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2429106576","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429106576","pubTimestamp":1713935580,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0513 GMT - Max Financial Services may benefit from Axis Bank's recent stake increase in Max Life Insurance to 19% from 13%, Ambit Capital analysts say in a research note. 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