Bank of Maharashtra Receives Positive Evaluation Adjustment Amid Strong Financial Performance

Bank of Maharashtra, a midcap player in the public sector banking industry, has recently undergone an evaluation adjustment by MarketsMOJO, reflecting a notable revision in its score. This adjustment is attributed to a shift in technical trends, which have transitioned from a mildly bullish stance to a bullish outlook.
The bank has demonstrated strong financial metrics, including a low Gross NPA ratio of 1.72%, indicating robust lending practices. Its net profit growth has been impressive, with a compound annual growth rate (CAGR) of 70.60%, showcasing the bank's solid long-term fundamental strength. Additionally, the Net Interest Income has grown at an annual rate of 21.64%, further highlighting the bank's healthy financial trajectory.

In terms of performance, Bank of Maharashtra has consistently delivered positive results, achieving the highest quarterly interest earned at Rs 7,128.38 crore and a profit after tax of Rs 1,633.14 crore. The stock has also outperformed the BSE500 index over various time frames, including the last year, where it generated an 18.51% return.

This evaluation adjustment underscores the bank's strong market position and favorable financial indicators, reinforcing its status among the top-rated companies by MarketsMOJO.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.