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Bank of Maharashtra Share Price (MAHABANK)

₹61.673.07%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Bank of Maharashtra

Key events for Bank of Maharashtra

  • Bank of Maharashtra Reports Strong Q3 FY23-24 Results - 06 Apr, 2024

    Bank of Maharashtra's revenue from operations grew by 25.2% YoY to Rs. 5,172 crore in Q3 FY23-24, accompanied by a net profit increase of 33.6% YoY to Rs. 1,038 crore. LIC holds around 4.1% stake in the bank.

  • Bank of Maharashtra Reports Strong Q4 Results - 05 Apr, 2024

    Bank of Maharashtra has reported a strong Q4 with a 16% YoY growth in gross advances and a 15.6% YoY increase in total deposits. The bank's CASA deposits grew by 14.2%, while its asset quality improved to 2.04%. Shares are trading 0.6% higher at ₹66.25.

  • Bank of Maharashtra Stock Up for Fifth Straight Session - 03 Apr, 2024

    Bank of Maharashtra stock is up 0.92% on the day and has seen a 156.73% increase in the last year, outperforming NIFTY and Nifty PSU Bank. The PE ratio stands at 12 based on TTM earnings ending December 23.

  • Bank of Maharashtra Appoints New CRO - 02 Apr, 2024

    Public sector lender Bank of Maharashtra has appointed Subhasish Roy as its new Chief Risk Officer for three years on a contractual basis, effective April 1. The bank reported consolidated net profit of Rs 1,038.40 crore in Q3 FY24 and total income of Rs 5,851.55 crore, up 22.7% YoY.

  • Bank of Maharashtra Stock Rises as Financial Performance Improves - 01 Apr, 2024

    Bank of Maharashtra's strategic focus on bolstering its resource profile has led to significant improvements in its financial performance. The bank aims to expand its branch network and digital presence while maintaining healthy margins and good-quality asset growth. The stock has risen 7.11% in the last month.

  • Nidhu Saxena Appointed as MD & CEO of Bank of Maharashtra - 31 Mar, 2024

    Shri Nidhu Saxena has been appointed as the Managing Director and Chief Executive Officer (MD & CEO) of Bank of Maharashtra, succeeding Shri A.S. Rajeev who was selected as Vigilance Commissioner in Central Vigilance Commission.

  • Nidhu Saxena Appointed as MD & CEO of Bank of Maharashtra - 28 Mar, 2024

    The Indian government has appointed Nidhu Saxena as the new Managing Director and Chief Executive Officer (MD & CEO) of Bank of Maharashtra for a term of three years starting from March 27, 2024. The bank's stock jumped by 5.68% following the announcement.

  • Nidhu Saxena Appointed MD & CEO of Bank of Maharashtra - 27 Mar, 2024

    The Ministry of Finance has appointed Nidhu Saxena as the new Managing Director and Chief Executive Officer of Bank of Maharashtra, replacing AS Rajeev. Saxena is currently an Executive Director at Union Bank of India.

  • Public Sector Banks Plan to Reduce Government Stake - 14 Mar, 2024

    Bank of Maharashtra, Indian Overseas Bank (IOB), and UCO Bank are planning to cut their government stake to less than 75% to comply with SEBI's minimum public shareholding norms.

  • Bank of Maharashtra Stock Falls for Fifth Straight Session - 13 Mar, 2024

    Bank of Maharashtra's stock continues to decline, falling 5.79% to Rs 55.3 on the NSE and losing around 7.76% in the last month.

  • Former Bank of Maharashtra CEO appointed as vigilance commissioner - 12 Mar, 2024

    AS Rajeev, former CEO of Bank of Maharashtra, has been appointed as a vigilance commissioner at the Central Vigilance Commission. With over 38 years of experience in four banks, including Syndicate Bank, Indian Bank, Vijaya Bank and Bank of Maharashtra, Rajeev was instrumental in helping the bank emerge out of RBI's restrictive prompt corrective action during his tenure.

  • Interviews for MD and CEO of Bank of Maharashtra Deferred - 08 Mar, 2024

    The Department of Financial Services has deferred the interviews for the position of MD and CEO of Indian Bank and Bank of Maharashtra. The top position at Bank of Maharashtra fell vacant after AS Rajeev left in February.

Bank of Maharashtra share Performance

  • ₹61.63
    ₹61.75
    ₹61.67
    downward going graph

    0.06%

    Downside

    Day's Volatility:0.19%

    Upside

    0.13%

    downward going graph
  • ₹26.25
    ₹70
    ₹61.67
    downward going graph

    57.43%

    Downside

    52 Weeks Volatility:70.94%

    Upside

    13.51%

    downward going graph
1 Month Return7.07 %
3 Month Return26.19 %
1 Year Return121.99 %
Previous Close₹63.62
Open₹61.70
Volume1.89Cr
Upper Circuit-
Lower Circuit-
Market Cap₹45,037.54Cr

Bank of Maharashtra Company Information

Bank of Maharashtra is a publicly listed Indian banking and financial services company headquartered in Maharashtra, India. It is part of the State Bank of India Group, India’s largest banking, and financial services group. Bank of Maharashtra focuses on providing banking and financial services to the rural, semi-urban, and urban market including both individuals and corporates. It offers a range of financial products and services including deposits, mutual funds, loans, insurance, investments, foreign exchange, and more. Bank of Maharashtra is known for its transparency, customer-oriented services, competitive interest rates, and speedy delivery of services. They are committed to providing the best customer service and look forward to helping individuals and corporates thrive and achieve their financial goals. This stock listed in Indian Stock Exchange is a reliable and trustworthy bank for financial solutions.

Share Price: ₹61.67 per share as on 15 Apr, 2024 02:32 PM
Market Capitalisation: ₹45,037.54Cr as of today
Revenue: ₹5,851.55Cr as on December 2023 (Q4 23)
Net Profit: ₹1,038.40Cr as on December 2023 (Q4 23)
Listing date: 12 Apr, 2004
OrganisationBank of Maharashtra
Headquarters
IndustryBanks
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Fundamentals of Bank of Maharashtra

Insights on Bank of Maharashtra

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 7 quarters, 3.77K Cr → 5.85K Cr (in ₹), with an average increase of 7.0% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 13 quarters, 155.74 Cr → 1.03K Cr (in ₹), with an average increase of 14.3% per quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, MAHABANK has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, MAHABANK has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, MAHABANK stock has moved up by 26.2%

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.45% to 1.04% in Mar 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 86.46% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 8.37% to 7.81% in Mar 2024 quarter

Bank of Maharashtra Valuation

Bank of Maharashtra in the last 5 years

  • Overview

  • Trends

Lowest (-1.21x)

July 5, 2019

Today (11.98x)

April 12, 2024

Industry (21.18x)

April 12, 2024

Highest (34.33x)

February 25, 2021

LowHigh

Bank of Maharashtra Mutual Fund Holdings

Funds Holdings
JM Midcap Fund Direct GrowthJM Midcap Fund Direct Growth3.21%
ITI Small Cap Fund Direct GrowthITI Small Cap Fund Direct Growth1.18%
Aditya Birla Sun Life PSU Equity Fund Direct GrowthAditya Birla Sun Life PSU Equity Fund Direct Growth0.61%
ITI Mid Cap Fund Direct GrowthITI Mid Cap Fund Direct Growth1.55%
Motilal Oswal Nifty Midcap 150 Index Fund Direct GrowthMotilal Oswal Nifty Midcap 150 Index Fund Direct Growth0.23%

Bank of Maharashtra Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
86.46%
0.00
Foreign Institutions
1.04%
0.00
Mutual Funds
0.41%
0.00
Retail Investors
7.81%
0.00
Others
4.27%
0.00

Technicals of Bank of Maharashtra share

News & Events of Bank of Maharashtra

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Bank of Maharashtra (MAHABANK) share price today is ₹61.67

Bank of Maharashtra is listed on NSE

Bank of Maharashtra is listed on BSE

  • Today’s highest price of Bank of Maharashtra is ₹61.75.
  • Today’s lowest price of Bank of Maharashtra is ₹61.63.

PE Ratio of Bank of Maharashtra is 11.98

PE ratio = Bank of Maharashtra Market price per share / Bank of Maharashtra Earnings per share

Today’s traded volume of Bank of Maharashtra(MAHABANK) is 1.89Cr.

Today’s market capitalisation of Bank of Maharashtra(MAHABANK) is ₹45037.54Cr.

Bank of Maharashtra(MAHABANKPrice
52 Week High
₹70
52 Week Low
₹26.25

Bank of Maharashtra(MAHABANK) share price is ₹61.67. It is down -11.90% from its 52 Week High price of ₹70

Bank of Maharashtra(MAHABANK) share price is ₹61.67. It is up 134.93% from its 52 Week Low price of ₹26.25

Bank of Maharashtra(MAHABANKReturns
1 Day Returns
-1.95%
1 Month Returns
7.07%
3 Month Returns
26.19%
1 Year Returns
121.99%