Services and Aavas Financiers surged sharply on November 12 following the announcement of their Q2 FY26 results, with both stocks hitting new milestones in today’s trade. Max Financial Services shares rose nearly 5% to touch a fresh 52-week high of ₹1,715.20, even as the company reported a steep decline in profit and revenue for the September quarter. Meanwhile, Aavas Financiers shares jumped 8%, climbing to a three-month high of ₹1,748.70 amid strong investor sentiment in the financial services space. Max Financial Services Q2 FY26 Performance Max Financial reported a consolidated net profit of ₹4.12 crore for Q2 FY26 — a sharp 96% year-on-year (YoY) drop from ₹112.56 crore in the same period last year. Revenue from operations also saw a significant 27% YoY decline, coming in at ₹9,792 crore compared to ₹13,371.86 crore in Q2 FY25. However, despite the weak top- and bottom-line figures, management highlighted strong operational metrics, with the Value of New Business (VNB) — a key profitability indicator in the insurance sector — rising 27% YoY in the first half of FY26 (April–September). Brokerages remained positive on the stock, citing steady growth in new business margins and improving distribution efficiency through its insurance subsidiary.

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