The stock has recorded gains for four consecutive days, delivering a cumulative return of 7% during this period. This upward trajectory has positioned Bank of Maharashtra well above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling strong technical support and positive price action.
Over the past year, Bank of Maharashtra’s stock price has appreciated by 16.69%, outperforming the Sensex’s 9.81% return over the same timeframe. The stock’s 52-week low was Rs.38.11, highlighting the considerable recovery and growth it has experienced in the last twelve months.
Our latest monthly pick, this Large Cap from Aluminium & Aluminium Products, is outperforming the market! See the analysis that helped our Investment Committee select this winner.
- Market-beating performance
- Committee-backed winner
- Aluminium & Aluminium Products standout
Bank of Maharashtra’s recent price movement aligns with a broader market rally. The Sensex, after a flat opening with a minor dip of 29.24 points, climbed 542.69 points to close at 85,186.47, marking a 0.61% gain. The benchmark index is currently trading just 0.12% below its own 52-week high of 85,290.06. This bullish sentiment is supported by the Sensex trading above its 50-day moving average, which itself is positioned above the 200-day moving average, indicating a sustained upward trend.
Within this context, Bank of Maharashtra’s performance stands out in the public sector banking sector. The company’s fundamentals reflect steady growth, with net interest income (excluding other income) expanding at an annual rate of 21.64%. Net profit has shown a compound annual growth rate (CAGR) of 70.60%, underscoring strong long-term profitability trends.
In the most recent quarter, the bank reported its highest interest earned figure at Rs.7,128.38 crore. Profit before tax excluding other income stood at Rs.973.15 crore, representing a 44.4% growth compared to the previous four-quarter average. The net profit after tax reached Rs.1,633.14 crore, marking the highest quarterly profit recorded by the bank.
Bank of Maharashtra’s asset quality remains robust, with a gross non-performing asset (NPA) ratio of 1.72%, which is comparatively low within the public sector banking space. The bank’s return on assets (ROA) is reported at 1.6%, reflecting efficient utilisation of its asset base to generate profits.
Want to dive deeper on Bank of Maharashtra? There's a real-time research report diving right into the fundamentals, valuations, peer comparison, financials, technicals and much more!
- Real-time research report
- Complete fundamental analysis
- Peer comparison included
The stock’s valuation metrics indicate an attractive proposition relative to its peers. Trading at a price-to-book value of 1.5, Bank of Maharashtra is positioned at a discount compared to the average historical valuations of its sector counterparts. The company’s PEG ratio stands at 0.5, reflecting the relationship between its price-to-earnings ratio and earnings growth rate.
Bank of Maharashtra’s market capitalisation grade is rated at 2, and it holds a Mojo Score of 84.0, reflecting a strong evaluation in the context of over 4,000 stocks analysed. It ranks eighth among mid-cap companies and thirteenth across the entire market, placing it within the top 1% of companies rated by MarketsMojo.
Promoters remain the majority shareholders, maintaining a significant stake in the company. The bank has declared positive results for 20 consecutive quarters, demonstrating consistent financial performance over an extended period.
In the broader market context, mega-cap stocks have been leading the gains, contributing to the Sensex’s positive close. Bank of Maharashtra’s performance, both in the near term and over the long term, has outpaced the BSE500 index across multiple timeframes, including the last three years, one year, and three months.
Today’s 1.14% day change in Bank of Maharashtra’s share price is in line with the sector’s overall performance, reflecting steady investor confidence in the public sector banking segment. The stock’s sustained gains over recent sessions and its position above key moving averages highlight the momentum driving this rally.
Overall, Bank of Maharashtra’s new 52-week high of Rs.61.55 marks a notable achievement, supported by strong financial metrics, consistent profitability, and favourable market conditions. The stock’s performance relative to the Sensex and its sector peers underscores its resilience and capacity to maintain upward momentum in a competitive banking environment.
Limited Time Only! Subscribe for Rs. 12,999 and get 1 Year of MojoOne + an Additional Year Completely FREE. Don't miss out on this exclusive offer. Claim Your Free Year →
