Bank of Maharashtra share price has zoomed 4% and is presently trading at Rs 51.6.
Meanwhile, the BSE BANKEX index is at 59,610.7 (up 2.1%).
Among the top gainers in the BSE BANKEX index today are Federal Bank (up 8.3%) and SBI (up 4.2%).
Indusind Bank (down 2.0%) and AU SMALL FINANCE BANK (down 0.3%) are among the top losers today.
Over the last one year, Bank of Maharashtra has moved up from Rs 41.5 to Rs 51.6, registering a gain of Rs 10.1 (up 24.2%).
On the other hand, the BSE BANKEX index has moved up from 48,173.3 to 59,610.7, registering a gain of 23.7% during the last 12 months.
The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 48.4%), ICICI Bank (up 45.5%) and Federal Bank (up 41.0%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 80,332.4 (up 0.4%).
The top gainers among the BSE Sensex today are SBI (up 4.2%) and ICICI Bank (up 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,452.0 (up 0.5%). Bharat Electronics and SBI are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 80,332.4, registering a gain of 16,283.4 points (up 25.4%).
Bank of Maharashtra net profit grew 44.3% YoY to Rs 13,271 million for the quarter ended September 2024, compared to a profit of Rs 9,198 million a year ago. Net sales rose 18.7% to Rs 60,174 million during the period as against Rs 50,680 million in July-September 2023.
For the year ended March 2024, Bank of Maharashtra reported 56.3% increase in net profit to Rs 40,718 million compared to net profit of Rs 26,050 million during FY23. Revenue of the company grew 28.9% to Rs 204,948 million during FY24.
The current Price to earnings ratio of Bank of Maharashtra, based on rolling 12 month earnings, stands at 8.1.
Equitymaster requests your view! Post a comment on "Bank of Maharashtra Gains 4%; BSE BANKEX Index Up 2.1%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!