Shares of this company were snapped up as soon as the news of the investment came, the price rose 18%, the price was less than Rs 500.

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Max Estate Share Price: Shares of Max Estates have witnessed a sharp rise today. The MoU with New York Life Insurance Company (NYL) is believed to be the reason behind the huge jump in the company’s shares. According to this MOU, New York Life Insurance Company will invest in 2 subsidiary companies MTPL and PCL.

First RBI’s tough decision, now senior bank official resigns, shares rally

The stock jumped 18% today

As soon as the information about the MOU came out, there was a rush among investors to buy shares. After an increase of over 18 percent, the company’s share price has touched the level of Rs 349 on the BSE. This is a new 52-week high for the company on the BSE. Earlier, the company’s 52-week high in the Sensex was Rs. 347 per share.

Shares of the company hit an upper circuit for the third day, with shares of Malamal having been profitable for the past one year

How many shares of which company do you plan to buy?

New York Life Insurance Company Max Tower Pvt Ltd will subscribe 1,07,89,330 shares and buy 2,63,76,841 shares of MTPL. At the same time, the investment company will subscribe 74,48,814 shares and buy 3,40,64,700 shares of Pharmax Corporation Limited.

Even though the shares of the company saw a stormy surge today. But the performance during the last one year has not been very good. The company’s share price has increased by 59 percent during this period. At the same time, investors who have held the stock for 6 months have made a profit of 34 percent so far.

(This is not investment advice. Stock market is subject to risks. Consult experts before making any investment.)

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