BANK OF MAHARASHTRA Surges by 7%; BSE BANKEX Index Up 0.6%

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BANK OF MAHARASHTRA Surges by 7%; BSE BANKEX Index Up 0.6%
Mon, 1 Apr 09:58 AM

BANK OF MAHARASHTRA share price has zoomed 7% and is presently trading at Rs 15.

Meanwhile, the BSE BANKEX Index is at 34,442 (up 0.6%).

Among the top Gainers in the BSE BANKEX Index today is BANK OF MAHARASHTRA (up 7.0%).

AXIS BANK (down 0.1%) and KOTAK MAHINDRA BANK (down 0.3%) are among the top losers today.

Over the last one year, BANK OF MAHARASHTRA has moved up from Rs 14 to Rs 15, registering a gain of Rs 1 (up 6.5%).

On the other hand, the BSE BANKEX has moved up from 27,098 to 34,442, registering a gain of 7,344 points (up 26.8%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 55.7%), AXIS BANK (up 55.6%) and SBI (up 31.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,960 (up 0.7%).

The top gainers among the BSE Sensex stocks today are TATA MOTORS (up 5.3%), TATA MOTORS DVR (up 5.1%) and VEDANTA LTD (up 4.9%). Other gainers include TATA STEEL (up 2.7%) and L&T (up 2.5%). The most traded stocks in the BSE Sensex are INFOSYS and HDFC.

In the meantime, NSE Nifty is at 11,700 (up 0.6%). TATA MOTORS (up 5.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,255 to 38,960, registering a gain of 5,705 points (up 17.1%).

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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