BANK OF MAHARASHTRA Plunges by 6%; BSE BANKEX Index Down 1.0%

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BANK OF MAHARASHTRA Plunges by 6%; BSE BANKEX Index Down 1.0%
Mon, 6 May 02:48 PM

BANK OF MAHARASHTRA share price has plunged 6% and is presently trading at Rs 16.

Meanwhile, the BSE BANKEX Index is at 33,250 (down 1.0%).

Among the top losers in the BSE BANKEX Index today are BANK OF MAHARASHTRA (down 5.5%) and YES BANK (down 5.3%).

FEDERAL BANK (up 2.7%) is among the top gainer today.

Over the last one year, BANK OF MAHARASHTRA has moved up from Rs 14 to Rs 16, registering a gain of Rs 3 (up 20.0%)..

The BSE BANKEX has moved up from 28,679 to 33,250, registering a gain of 4,571 points (up 15.9%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 42.4%), AXIS BANK (up 40.0%) and SBI (up 27.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,719 (down 1.0%). The top gainers among the BSE Sensex stocks today are TCS (up 1.0%). The most traded stocks in the BSE Sensex are BHARTI AIRTEL and ITC.

In the meantime, NSE Nifty is at 11,633 (down 1.1%). BPCL (up 2.3%) and HPCL (up 1.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,103 to 38,719, registering a gain of 3,616 points (up 9.9%).

BANK OF MAHARASHTRA Financial Update...

BANK OF MAHARASHTRA net profit declined 101.9% YoY to Rs 724 million for the quarter ended March 2019, compared to a loss of Rs 38 billion a year ago. Operating income rose 4.9% to Rs 27.8 billion during the period as against Rs 26.5 billion in January-March 2018.

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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