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BANK OF MAHARASHTRA Surges by 10%; BSE BANKEX Index Up 0.1%

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BANK OF MAHARASHTRA Surges by 10%; BSE BANKEX Index Up 0.1%
Wed, 24 Apr 11:40 AM

BANK OF MAHARASHTRA share price has zoomed 10% and is presently trading at Rs 18.

Meanwhile, the BSE BANKEX Index is at 33,270 (up 0.1%).

Among the top Gainers in the BSE BANKEX Index today is BANK OF MAHARASHTRA (up 10.2%).

AXIS BANK (down 0.8%) and KOTAK MAHINDRA BANK (down 0.9%) are among the top losers today.

Over the last one year, BANK OF MAHARASHTRA has moved up from Rs 14 to Rs 18, registering a gain of Rs 4 (up 27.0%).

On the other hand, the BSE BANKEX has moved up from 27,923 to 33,270, registering a gain of 5,347 points (up 18.9%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 47.5%), ICICI BANK (up 42.4%) and SBI (up 26.4%).

What About the Benchmark Indices?

The BSE Sensex is at 38,702 (up 0.2%).

The top gainers among the BSE Sensex stocks today are ONGC (up 2.0%), INDUSIND BANK (up 1.8%) and BHARTI AIRTEL (up 1.8%). Other gainers include ASIAN PAINTS (up 1.2%) and RELIANCE IND. (up 0.9%). The most traded stocks in the BSE Sensex are YES BANK and ONGC.

In the meantime, NSE Nifty is at 11,621 (up 0.2%). HPCL (up 2.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,451 to 38,702, registering a gain of 4,251 points (up 12.1%).

BANK OF MAHARASHTRA Financial Update...

BANK OF MAHARASHTRA net profit down at Rs 38 billion for the quarter ended December 2018, compared to a loss of Rs 6 billion a year ago. Operating income declined 2.9% to Rs 26.5 billion during the period as against Rs 27.2 billion in October-December 2017.

For the year ended March 2018, BANK OF MAHARASHTRA reported 18.0% decrease in net profit to Rs 11.1 billion compared to net profit of Rs 13.6 billion during FY17.

Revenue of the company grew 8.0% to Rs 111 billion during FY18.

The current Price to earnings ratio of BANK OF MAHARASHTRA, based on rolling 12 month earnings, stands at down 0.9x.

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