The objective of financial management is to maximize the current price of equity shares of the company. This concept is:

Option 1 -> Profit Maximization focuses on increasing accounting profits in the short term, without considering the timing of returns, risk factors, or long-term shareholder value.

Option 2 -> Wealth Maximization aims to maximize the market value of equity shares, which represents the true wealth of shareholders and considers risk, timing, and long-term sustainable growth.

Option 3 -> Dividend Maximisation concentrates solely on maximizing dividend payments to shareholders, ignoring retained earnings and capital appreciation potential.

Option 4 -> Sales Maximisation emphasizes increasing revenue or sales volume, which doesn't necessarily translate to higher share prices or shareholder value.

Hence, Option 2: Wealth Maximization -> This concept directly aligns with maximizing the current price of equity shares, as it focuses on increasing the market value of the company's stock, thereby maximizing shareholder wealth. It is considered the primary objective of modern financial management as it accounts for time value of money, risk-return tradeoff, and sustainable long-term growth. -> correct