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29 Oct 2026, 06:40 IST

Max Financial Services Limited

HDFC Securities · ADD · target INR 1,520

The report says Axis Max Life Insurance delivered strong H1FY27 APE/VNB growth with margin improvement, though flags IRDAI's upcoming distribution framework as a risk to its banca-led model.

From HSIE Results Daily 29 Oct 26 HSIE, written by HDFC Securities. Orivam summarised it; the view is HDFC Securities's, not Orivam's.

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