BANK OF MAHARASHTRA Surges by 6%; BSE BANKEX Index Up 2.7%

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BANK OF MAHARASHTRA Surges by 6%; BSE BANKEX Index Up 2.7%
Mon, 20 May 09:24 AM

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

Meanwhile, the BSE BANKEX Index is at 33,962 (up 2.7%).

Among the top Gainers in the BSE BANKEX Index today is BANK OF MAHARASHTRA (up 5.6%).

Over the last one year, BANK OF MAHARASHTRA has moved up from Rs 13 to Rs 16, registering a gain of Rs 3 (up 13.3%).

On the other hand, the BSE BANKEX has moved up from 29,171 to 33,962, registering a gain of 4,791 points (up 15.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 42.4%), SBI (up 37.0%) and ICICI BANK (up 36.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,893 (up 2.2%).

The top gainers among the BSE Sensex stocks today are MARUTI SUZUKI (up 5.7%), L&T (up 4.6%) and SBI (up 4.5%). Other gainers include RELIANCE IND. (up 4.3%) and M&M (up 4.0%). The most traded stocks in the BSE Sensex are RELIANCE IND. and YES BANK.

In the meantime, NSE Nifty is at 11,694 (up 2.1%). ADANI PORTS & SEZ (up 6.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,149 to 38,893, registering a gain of 3,744 points (up 10.2%).

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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