BANK OF MAHARASHTRA Surges by 6%; BSE BANKEX Index Up 1.7%

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BANK OF MAHARASHTRA Surges by 6%; BSE BANKEX Index Up 1.7%
Thu, 23 May 09:22 AM

BANK OF MAHARASHTRA share price has zoomed 6% and is presently trading at Rs 17.

Meanwhile, the BSE BANKEX Index is at 34,913 (up 1.7%).

Among the top Gainers in the BSE BANKEX Index today are BANK OF MAHARASHTRA (up 5.6%) and BANK OF BARODA (up 5.5%).

Over the last one year, BANK OF MAHARASHTRA has moved up from Rs 13 to Rs 17, registering a gain of Rs 4 (up 27.4%).

On the other hand, the BSE BANKEX has moved up from 28,924 to 34,913, registering a gain of 5,989 points (up 20.3%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 51.6%), ICICI BANK (up 42.0%) and SBI (up 39.3%).

Get Details: We are Bullish on These 3 Little-known Stocks

What About the Benchmark Indices?

The BSE Sensex is at 39,688 (up 1.2%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.6%), SBI (up 3.8%) and YES BANK (up 2.3%). Other gainers include POWER GRID (up 2.2%) and L&T (up 2.1%). The most traded stocks in the BSE Sensex are SBI and YES BANK.

In the meantime, NSE Nifty is at 11,915 (up 1.5%). INDUSIND BANK (up 5.3%) and ZEE ENTERTAINMENT (up 4.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,651 to 39,688, registering a gain of 5,037 points (up 14.2%).

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 0.9x.

What else is happening in the markets today? Dig in...

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