BANK OF MAHARASHTRA Surges by 11%; BSE BANKEX Index Up 0.4%
November 19, 2018 02:35 PM

BANK OF MAHARASHTRA share price has zoomed 11% and is presently trading at Rs 15.

Meanwhile, the BSE BANKEX Index is at 29,696 (up 0.4%).

Among the top Gainers in the BSE BANKEX Index today is BANK OF MAHARASHTRA (up 10.5%).

SBI (down 0.4%) and AXIS BANK (down 1.0%) are among the top losers today.

Over the last one year, BANK OF MAHARASHTRA has moved down from Rs 27 to Rs 15, registering a loss of Rs 12 (down 43.3%).

On the other hand, the BSE BANKEX has moved up from 28,902 to 29,696, registering a gain of 794 points (up 2.5%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 16.2%), ICICI BANK (up 13.7%) and AXIS BANK (up 12.8%).

What About the Benchmark Indices?

The BSE Sensex is at 35,723 (up 0.6%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 6.2%), TATA MOTORS (up 2.4%) and ITC LTD (up 2.2%). Other gainers include INDUSIND BANK (up 2.2%) and VEDANTA LTD (up 2.2%). The most traded stocks in the BSE Sensex are YES BANK and ITC LTD.

In the meantime, NSE Nifty is at 10,744 (up 0.4%). YES BANK (up 6.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,107 to 35,723, registering a gain of 2,616 points (up 7.8%).

BANK OF MAHARASHTRA Financial Update...

BANK OF MAHARASHTRA net profit declined 104.5% YoY to Rs 270 million for the quarter ended September 2018, compared to a loss of Rs 6 billion a year ago. Operating income rose 2.3% to Rs 27.9 billion during the period as against Rs 27.2 billion in July-September 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 2.2x.