Buy Max Financial Services, target price Rs 590: Edelweiss

The brokerage has assigned a 10 per cent discount to our 12 months’ fair target multiple of 2.9 times FY22E P/EV as its take on the odds of the deal with Axis Bank going through in current shape and attempts to rationalise its ownership structure.

from Markets-Economic Times https://ift.tt/2WeOkN5