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%).

BREAKING: Full Details of the #1 Investment of the Decade...

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.

What else is happening in the markets today? Dig in...

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