BANK OF MAHARASHTRA Surges by 5%; BSE BANKEX Index Up 0.9%

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BANK OF MAHARASHTRA Surges by 5%; BSE BANKEX Index Up 0.9%
Wed, 30 Jan 10:46 AM

BANK OF MAHARASHTRA share price has zoomed 5% and is presently trading at Rs 15.

Meanwhile, the BSE BANKEX Index is at 30,234 (up 0.9%).

Among the top Gainers in the BSE BANKEX Index today is BANK OF MAHARASHTRA (up 5.5%).

PNB (down 0.2%) and YES BANK (down 0.5%) are among the top losers today.

Over the last one year, BANK OF MAHARASHTRA has moved down from Rs 21 to Rs 15, registering a loss of Rs 6 (down 29.5%).

On the other hand, the BSE BANKEX has moved down from 31,126 to 30,234, loss of 892 points (down 3.3%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 13.4%), KOTAK MAH. BANK (up 11.1%) and HDFC BANK (up 1.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 35,850 (down 0.1%).

The top gainers among the BSE Sensex stocks today are AXIS BANK (up 3.9%), ICICI BANK (up 3.9%) and BAJAJ FINANCE (up 2.7%). Other gainers include HCL TECH. (up 2.4%) and TATA STEEL (up 2.3%). The most traded stocks in the BSE Sensex are AXIS BANK and ICICI BANK.

In the meantime, NSE Nifty is at 10,710 (down 0.2%). AXIS BANK (up 4.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,283 to 35,850, registering a gain of -433 points (up -2.0%).

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 0.8x.



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