Max Financial shares rise on merger optimism with Axis
after close1 source ↓written by the desknot a recommendation
- Services shares increased
- 2.02%
- following the withdrawal
- ₹1,701.7
- in 2025
- 50%
- gain
- 7%
Max Financial Services' shares increased 2.02% to ₹1,701.7 following the withdrawal of a regulatory appeal regarding a merger involving Shriram General Insurance. Analysts at Jefferies noted this decision could positively impact the proposed merger with Axis Max Life, enhancing MAXI's growth prospects and valuations. The stock has surged 50% in 2025, outperforming the Nifty Midcap 100 index's 7% gain.
Not investment advice. For informational purposes only.