BANK OF MAHARASHTRA Surges by 6%; BSE BANKEX Index Down 0.2%
December 4, 2019 09:20 AM

BANK OF MAHARASHTRA share price has zoomed 6% and is presently trading at Rs 13.

Meanwhile, the BSE BANKEX Index is at 35,887 (down 0.2%).

Among the top Gainers in the BSE BANKEX Index today is BANK OF MAHARASHTRA (up 5.8%).

INDUSIND BANK (down 0.1%) and SBI (down 0.3%) are among the top losers today.

Over the last one year, BANK OF MAHARASHTRA has moved down from Rs 13 to Rs 13, registering a loss of Rs 0 (down 1.3%).

On the other hand, the BSE BANKEX has moved up from 30,054 to 35,887, registering a gain of 5,833 points (up 19.3%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 43.5%), KOTAK MAHINDRA BANK (up 34.2%) and CITY UNION BANK (up 33.1%).

What About the Benchmark Indices?

The BSE Sensex is at 40,616 (down 0.2%).

The top gainers among the BSE Sensex stocks today are TATA MOTORS DVR (up 2.6%), HCL TECHNOLOGIES (up 1.0%) and SUN PHARMA (up 0.7%). Other gainers include HERO MOTOCORP (up 0.6%) and M&M (up 0.4%). The most traded stocks in the BSE Sensex are HERO MOTOCORP and ICICI BANK.

In the meantime, NSE Nifty is at 11,970 (down 0.2%). BHARTI INFRATEL (up 0.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,241 to 40,616, registering a gain of 4,375 points (up 12.0%).

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 1.0x.