BANK OF MAHARASHTRA Plunges by 10%; BSE BANKEX Index Up 0.8%

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BANK OF MAHARASHTRA Plunges by 10%; BSE BANKEX Index Up 0.8%
Tue, 15 Oct 12:56 PM

BANK OF MAHARASHTRA share price has plunged 10% and is presently trading at Rs 10.

Meanwhile, the BSE BANKEX Index is at 32,205 (up 0.8%).

Among the top losers in the BSE BANKEX Index today is BANK OF MAHARASHTRA (down 10.1%).

KOTAK MAHINDRA BANK (up 1.8%) and HDFC BANK (up 1.1%) are among the top gainers today.

Over the last one year, BANK OF MAHARASHTRA has moved down from Rs 11 to Rs 10, registering a loss of Rs 1 (down 6.2%)..

The BSE BANKEX has moved up from 28,342 to 32,205, registering a gain of 3,863 points (up 13.6%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 37.8%), ICICI BANK (up 37.4%) and CITY UNION BANK (up 28.9%).

Free Guide: Find the Next Crorepati Stock in this Futuristic Industry

What About the Benchmark Indices?

The BSE Sensex is at 38,538 (up 0.6%). The top gainers among the BSE Sensex stocks today are HERO MOTOCORP (up 2.8%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,429 (up 0.6%). EICHER MOTOR (up 4.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,865 to 38,538, registering a gain of 3,673 points (up 10.3%).

BANK OF MAHARASHTRA Financial Update...

BANK OF MAHARASHTRA net profit declined 102.2% YoY to Rs 811 million for the quarter ended June 2019, compared to a loss of Rs 38 billion a year ago. Operating income rose 4.8% to Rs 27.7 billion during the period as against Rs 26.5 billion in April-June 2018.

For the year ended March 2019, BANK OF MAHARASHTRA reported 328.3% increase in net profit to Rs 47.6 billion compared to net profit of Rs 11.1 billion during FY18.

Revenue of the company grew 2.2% to Rs 108 billion during FY19.

The current Price to earnings ratio of BANK OF MAHARASHTRA, based on rolling 12 month earnings, stands at down 0.7x.

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