Bank of Maharashtra Share Price (MAHABANK)
₹61.6▲0.41%
Bank of Maharashtra share Performance
- ₹59.2₹62.15₹61.6
3.90%
Low
Day's Volatility:4.79%
High
0.89%
- ₹26.8₹69.45₹61.6
56.49%
Low
52 Weeks Volatility:69.24%
High
12.74%
| Returns % | |
| 1 Month Return | 4.6 % |
| 3 Month Return | 18.78 % |
| 1 Year Return | 114.51 % |
| Market Stats | |
| Previous Close | ₹61.35 |
| Open | ₹59.85 |
| Volume | 1.93Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹43,444.23Cr |
Company Information
Share Price: ₹61.60 per share as on 19 Apr, 2024 04:01 PM
Market Capitalisation: ₹43,444.23Cr 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
| Organisation | Bank of Maharashtra |
| Headquarters | |
| Industry | Banks |
| E-voting on shares | Click here to vote |
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.
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.
POSITIVE IMPACTBest in 1 Year
In the last 1 year, MAHABANK has outperformed top 5 stocks with highest market-cap in Banks
- POSITIVE IMPACT
Price Rise
In the last 3 months, MAHABANK stock has moved up by 18.8%
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 7 quarters, 3.77K Cr → 5.85K Cr (in ₹), with an average increase of 7.0% per quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 0.45% to 1.04% in Mar 2024 quarter
- POSITIVE IMPACT
Best in 3 Years
In the last 3 years, MAHABANK has outperformed top 5 stocks with highest market-cap in Banks
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 13 quarters, 155.74 Cr → 1.03K Cr (in ₹), with an average increase of 14.3% per quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 86.46% of holdings in Mar 2024 quarter
NEGATIVE IMPACTRetail Holding Down
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
Lowest (-1.21x)
July 5, 2019
Today (11.55x)
April 18, 2024
Industry (20.50x)
April 18, 2024
Highest (34.33x)
February 25, 2021
Mutual Fund Holdings
| Funds | Holdings |
 JM Midcap Fund Direct Growth | 3.21% |
 ITI Small Cap Fund Direct Growth | 1.18% |
 Aditya Birla Sun Life PSU Equity Fund Direct Growth | 0.61% |
| ITI Mid Cap Fund Direct Growth | 1.55% |
 Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth | 0.23% |
Shareholding Pattern
| Investors | Holdings % | Prev. 1 periods | 3M 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 ₹61.6
Bank of Maharashtra is listed on NSE
Bank of Maharashtra is listed on BSE
- Today’s highest price of Bank of Maharashtra is ₹62.15.
- Today’s lowest price of Bank of Maharashtra is ₹59.2.
PE Ratio of Bank of Maharashtra is 11.55
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 1.93Cr.
Today’s market capitalisation of Bank of Maharashtra(MAHABANK) is ₹43444.23Cr.
| Bank of Maharashtra(MAHABANK | Price |
|---|---|
52 Week High | ₹69.45 |
52 Week Low | ₹26.8 |
Bank of Maharashtra(MAHABANK) share price is ₹61.6. It is down -11.30% from its 52 Week High price of ₹69.45
Bank of Maharashtra(MAHABANK) share price is ₹61.6. It is up 129.85% from its 52 Week Low price of ₹26.8
| Bank of Maharashtra(MAHABANK | Returns |
|---|---|
1 Day Returns | 0.25% |
1 Month Returns | 4.6% |
3 Month Returns | 18.78% |
1 Year Returns | 114.51% |