BANK OF MAHARASHTRA Surges by 6%; BSE BANKEX Index Up 0.7%

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BANK OF MAHARASHTRA Surges by 6%; BSE BANKEX Index Up 0.7%
Wed, 19 Dec 03:17 PM

BANK OF MAHARASHTRA share price has zoomed 6% and is presently trading at Rs 14.

Meanwhile, the BSE BANKEX Index is at 30,694 (up 0.7%).

Among the top Gainers in the BSE BANKEX Index today is BANK OF MAHARASHTRA (up 6.3%).

HDFC BANK (down 0.6%) and KOTAK MAH. BANK (down 0.8%) are among the top losers today.

Over the last one year, BANK OF MAHARASHTRA has moved down from Rs 21 to Rs 14, registering a loss of Rs 7 (down 32.3%).

On the other hand, the BSE BANKEX has moved up from 28,923 to 30,694, registering a gain of 1,771 points (up 5.8%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 19.9%), ICICI BANK (up 18.8%) and AXIS BANK (up 16.9%).

Revealed: Top 3 Stocks for 2020 and Beyond

What About the Benchmark Indices?

The BSE Sensex is at 36,555 (up 0.4%).

The top gainers among the BSE Sensex stocks today are AXIS BANK (up 3.4%), ASIAN PAINTS (up 3.3%) and SBI (up 2.7%). Other gainers include MARUTI SUZUKI (up 2.1%) and ITC LTD (up 1.8%). The most traded stocks in the BSE Sensex are SBI and YES BANK.

In the meantime, NSE Nifty is at 10,985 (up 0.5%). INDIABULLS HOU. FIN. (up 8.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,602 to 36,555, registering a gain of 2,953 points (up 8.7%).

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 2.1x.



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