MFSL stock hit a 52-week high of Rs 988 on 21st November 2023. It gave a breakout from the Flat pattern on the weekly charts which has opened room for the stock to head higher.
The promoter group entity sold 1.12 crore shares in Max Financial at Rs 873 apiece. This is at a discount of around 1% to Wednesdays closing price of the stock
Besides banks, other rate-sensitive sectors like realty and auto also ended on a weak note. Shares of Zee Entertainment Enterprises (ZEEL) ended 16% up after NLCT gave approval to the Zee-Sony merger