BANK OF MAHARASHTRA Surges by 5%; BSE BANKEX Index Up 0.6%

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BANK OF MAHARASHTRA Surges by 5%; BSE BANKEX Index Up 0.6%
Fri, 15 Nov 09:20 AM

BANK OF MAHARASHTRA share price has zoomed 5% and is presently trading at Rs 12.

Meanwhile, the BSE BANKEX Index is at 35,052 (up 0.6%).

Among the top Gainers in the BSE BANKEX Index today is BANK OF MAHARASHTRA (up 5.3%).

CITY UNION BANK (down 0.1%) is among the top loser today.

Over the last one year, BANK OF MAHARASHTRA has moved down from Rs 14 to Rs 12, registering a loss of Rs 2 (down 13.3%).

On the other hand, the BSE BANKEX has moved up from 29,299 to 35,052, registering a gain of 5,753 points (up 19.6%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 43.2%), ICICI BANK (up 36.2%) and HDFC BANK (up 31.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 40,408 (up 0.3%).

The top gainers among the BSE Sensex stocks today are TATA MOTORS DVR (up 2.9%), SBI (up 1.9%) and VEDANTA LTD (up 1.4%). Other gainers include KOTAK MAHINDRA BANK (up 1.2%) and TATA MOTORS (up 1.2%). The most traded stocks in the BSE Sensex are HDFC and HCL TECHNOLOGIES.

In the meantime, NSE Nifty is at 11,904 (up 0.3%). SBI (up 2.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,142 to 40,408, registering a gain of 5,266 points (up 15.0%).

BANK OF MAHARASHTRA Financial Update...

BANK OF MAHARASHTRA net profit declined 103.0% YoY to Rs 1 billion for the quarter ended September 2019, compared to a loss of Rs 38 billion a year ago. Operating income rose 9.6% to Rs 29.0 billion during the period as against Rs 26.5 billion in July-September 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 0.9x.

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