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Max Financial Services (MAXF IN) (Buy) - Strong end to a strong year

发布日期: 2026-05-12研究机构: Nomura公司 / 股票: HDFL.NS,MAXI.NS报告页数: 15原文语言: 英语证据页码: 14

研报英文原文证据摘录

Max Financial Services (MAXF IN) (Buy) - Strong end to a strong year

Nomura | Max Financial Services 12 May 2026

document is not intended for “use” as a “benchmark” as defined by the European Benchmark Regulation.

Certain securities are subject to fluctuations in exchange rates that could have an adverse effect on the value or price of, or income derived from,

the investment.

With respect to Fixed Income Research: Recommendations fall into two categories: tactical, which typically last up to three months; or strategic,

which typically last from 6-12 months. However, trade recommendations may be reviewed at any time as circumstances change. ‘Stop loss’ levels

for trades are also provided; which, if hit, closes the trade recommendation automatically. Prices and yields shown in recommendations are taken at

the time of submission for publication and are based on either indicative Bloomberg, LSEG or Nomura prices and yields at that time. The prices and

yields shown are not necessarily those at which the trade recommendation can be implemented.

The securities described herein may not have been registered under the US Securities Act of 1933 (the ‘1933 Act’), and, in such case, may not be

offered or sold in the US or to US persons unless they have been registered under the 1933 Act, or except in compliance with an exemption from

the registration requirements of the 1933 Act. Unless governing law permits otherwise, any transaction should be executed via a Nomura entity in

your home jurisdiction.

This document has been approved for distribution in the UK as investment research by NIplc. NIplc is authorised by the Prudential Regulation

Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. NIplc is a member of the London Stock

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