BANK OF MAHARASHTRA Plunges by 6%; BSE BANKEX Index Down 2.0%

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BANK OF MAHARASHTRA Plunges by 6%; BSE BANKEX Index Down 2.0%
Mon, 5 Aug 09:24 AM

BANK OF MAHARASHTRA share price has plunged 6% and is presently trading at Rs 13.

Meanwhile, the BSE BANKEX Index is at 31,543 (down 2.0%).

Among the top losers in the BSE BANKEX Index today is BANK OF MAHARASHTRA (down 6.3%).

Over the last one year, BANK OF MAHARASHTRA has moved down from Rs 13 to Rs 13, registering a loss of Rs 1 (down 4.9%)..

The BSE BANKEX has moved up from 30,577 to 31,543, registering a gain of 966 points (up 3.2%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 35.1%), AXIS BANK (up 20.9%) and KOTAK MAHINDRA BANK (up 15.7%).

Revealed: Top 3 Stocks for 2020 and Beyond

What About the Benchmark Indices?

The BSE Sensex is at 36,844 (down 1.3%). The top gainers among the BSE Sensex stocks today are TCS (up 0.6%), BHARTI AIRTEL (up 0.1%) and HCL TECHNOLOGIES (up 0.1%). Other gainer include HDFC . The most traded stocks in the BSE Sensex are BHARTI AIRTEL and HDFC.

In the meantime, NSE Nifty is at 10,896 (down 1.2%). TCS (up 1.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,165 to 36,844, registering a gain of -321 points (up -1.4%).

BANK OF MAHARASHTRA Financial Update...

BANK OF MAHARASHTRA net profit declined 102.2% YoY to Rs 811 million for the quarter ended June 2019, compared to a loss of Rs 38 billion a year ago. Operating income rose 4.8% to Rs 27.7 billion during the period as against Rs 26.5 billion in April-June 2018.

For the year ended March 2019, BANK OF MAHARASHTRA reported 328.3% increase in net profit to Rs 47.6 billion compared to net profit of Rs 11.1 billion during FY18.

Revenue of the company grew 2.2% to Rs 108 billion during FY19.

The current Price to earnings ratio of BANK OF MAHARASHTRA, based on rolling 12 month earnings, stands at down 0.9x.



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