Key Events This Week
29 Dec: Stock opens week at Rs.57.76 with 1.33% gain despite Sensex decline
30 Dec: Intraday high of Rs.60.75 and 4.67% daily gain amid subdued market
31 Dec: New 52-week high at Rs.62.33 with exceptional volume surge
1 Jan: Hits Rs.63.20, continuing four-day gain streak with strong accumulation
2 Jan: Reaches Rs.64.13, closing week with 12.16% total gain
29 December 2025: Positive Start Despite Broader Market Weakness
Bank of Maharashtra began the week on a strong note, closing at Rs.57.76, up 1.33% from the previous close of Rs.57.00. This gain was achieved despite the Sensex declining by 0.41% to 37,140.23. The stock’s resilience in a weakening market set the tone for the week’s bullish momentum, supported by a volume of over 11 lakh shares, signalling early investor interest.
30 December 2025: Intraday High and Outperformance Amidst Subdued Market
The stock surged 4.67% to close at Rs.60.46, hitting an intraday high of Rs.60.75, a 5.14% intraday gain. This performance was notable as the Sensex remained nearly flat, down 0.01%. Bank of Maharashtra outpaced its public sector banking peers by 3.68%, demonstrating strong relative strength. The stock traded comfortably above all key moving averages, signalling sustained technical strength. This day’s rally reflected growing investor confidence ahead of year-end.
31 December 2025: New 52-Week High and Exceptional Volume Surge
Bank of Maharashtra reached a new 52-week high of Rs.62.33, closing at Rs.62.05, up 2.63% on the day. The stock recorded exceptional trading volume of 1.11 crore shares, with delivery volume spiking 379.6% above the five-day average, indicating strong accumulation. This volume surge accompanied a 1.97% gain on the day, outperforming the public sector banking sector’s 0.76% rise and the Sensex’s 0.83% gain. The stock’s mojo score was upgraded to 84.0 with a Strong Buy rating, reflecting improved fundamentals and technical momentum.
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1 January 2026: Continued Momentum with New 52-Week High and Strong Accumulation
The stock extended its winning streak to four consecutive days, hitting a fresh 52-week high of Rs.63.20 and closing at Rs.63.58, a 2.47% gain. Trading volume remained robust at over 1 crore shares, with delivery volume increasing by 162.13% compared to the recent average, signalling sustained accumulation. Bank of Maharashtra outperformed the public sector banking sector by 1.43% and the Sensex by 0.14%. The stock’s technical indicators remained bullish, trading above all key moving averages and supported by a mojo score of 84.0 and a Strong Buy rating.
2 January 2026: New 52-Week High Caps Off a Strong Week
Bank of Maharashtra reached its highest level in 52 weeks at Rs.64.13, closing the week at Rs.63.93 with a 0.55% gain on the day. This marked a cumulative 12.19% return over the five trading sessions. The Sensex also gained 0.81% to 37,799.57 but was outperformed by the stock by a wide margin. The stock’s alignment above all major moving averages confirmed the strength of the uptrend. Institutional investors increased their stake to 17.42%, reflecting growing confidence in the bank’s fundamentals and growth prospects.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.57.76 | +1.33% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.60.46 | +4.67% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.62.05 | +2.63% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.63.58 | +2.47% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.63.93 | +0.55% | 37,799.57 | +0.81% |
Key Takeaways
Strong Outperformance: Bank of Maharashtra’s 12.16% weekly gain far exceeded the Sensex’s 1.35% rise, highlighting the stock’s robust momentum and investor appeal.
Multiple 52-Week Highs: The stock set new 52-week highs on three separate days (31 Dec, 1 Jan, 2 Jan), signalling sustained bullish sentiment and technical strength.
Exceptional Volume and Accumulation: Record trading volumes and delivery volume spikes on 31 December and 1 January indicate strong accumulation by institutional and retail investors.
Fundamental Strength: The upgrade to a Strong Buy rating by MarketsMOJO, backed by impressive financial metrics such as a low gross NPA ratio of 1.72%, high net profit CAGR of 70.60%, and strong quarterly profits, underpins the stock’s rally.
Technical Momentum: Consistent trading above all key moving averages and positive technical indicators including bullish moving averages and Bollinger Bands confirm the stock’s upward trend.
Conclusion
Bank of Maharashtra’s performance over the week ending 2 January 2026 reflects a compelling combination of strong fundamentals, technical momentum, and growing institutional interest. The stock’s consistent gains, multiple new 52-week highs, and exceptional volume activity underscore its leadership within the public sector banking space. While the broader market showed modest gains, Bank of Maharashtra’s 12.16% rally highlights its relative strength and resilience. The recent upgrade to a Strong Buy rating by MarketsMOJO further validates the stock’s quality and growth prospects. Investors monitoring mid-cap banking stocks will find Bank of Maharashtra’s sustained momentum and robust financial profile noteworthy as it continues to outperform peers and benchmarks.
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