Strong Momentum Drives New High
On 31 Dec 2025, Bank of Maharashtra’s shares touched an intraday peak of Rs.62.33, representing a 3.09% gain on the day and a 2.76% increase compared to the previous close. This marks the highest price level the stock has achieved in the past year, surpassing its previous 52-week high. The stock has recorded gains for three consecutive sessions, delivering a cumulative return of 9% over this period.
The stock’s performance notably outperformed the Public Sector Bank sector by 1.42% on the day, underscoring its relative strength within the industry. Furthermore, Bank of Maharashtra is trading comfortably above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bullish momentum.
Market Context and Comparative Performance
The broader market environment has been supportive, with the Sensex opening 118.50 points higher and trading at 84,994.86, up 0.38%. The benchmark index remains close to its own 52-week high of 86,159.02, just 1.37% away, and is positioned above its 50-day moving average, which itself is above the 200-day moving average, indicating a bullish trend. Small-cap stocks have also led gains, with the BSE Small Cap index rising 0.9% on the day.
Over the last year, Bank of Maharashtra has delivered a total return of 19.02%, significantly outperforming the Sensex’s 8.77% return. The stock’s 52-week low stands at Rs.38.11, highlighting the substantial appreciation in value over the period.
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Robust Financial Metrics Underpinning the Rally
Bank of Maharashtra’s recent price appreciation is supported by strong financial fundamentals. The bank maintains a low Gross Non-Performing Asset (NPA) ratio of 1.72%, reflecting prudent lending practices. Its long-term growth trajectory is impressive, with net profits growing at a compound annual growth rate (CAGR) of 70.60%.
Net Interest Income, excluding other income, has expanded at an annual rate of 21.64%, while net profit growth has been even more pronounced at 70.60%. The company’s latest quarterly results, declared in September 2025, were very positive, with interest income reaching a record Rs.7,128.38 crore. Profit before tax excluding other income stood at Rs.973.15 crore, marking a 44.4% increase compared to the previous four-quarter average. Net profit after tax for the quarter was the highest recorded at Rs.1,633.14 crore.
Valuation and Institutional Interest
The bank’s return on assets (ROA) is a healthy 1.6%, and it trades at an attractive price-to-book value of 1.5, indicating reasonable valuation relative to its peers. Despite the strong performance, the stock is trading at a discount compared to the average historical valuations of its sector counterparts.
Institutional investors have increased their stake by 5.02% over the previous quarter, now collectively holding 17.42% of the company’s shares. This growing institutional participation reflects confidence in the bank’s fundamentals and growth prospects.
Bank of Maharashtra is rated highly by MarketsMojo, with a Mojo Score of 84.0 and a Mojo Grade upgraded to Strong Buy from Buy as of 30 Dec 2025. It ranks among the top 1% of all 4,000 stocks rated by MarketsMojo, positioned 4th among Mid Cap stocks and 7th across the entire market.
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Consistent Performance Over Multiple Periods
Bank of Maharashtra has demonstrated consistent returns over the last three years, outperforming the BSE500 index in each annual period. The stock’s one-year return of 19.02% is complemented by a 25.7% increase in profits over the same timeframe, resulting in a favourable price/earnings to growth (PEG) ratio of 0.5. This combination of earnings growth and price appreciation highlights the stock’s strong performance fundamentals.
The bank’s ability to deliver positive results for 20 consecutive quarters further emphasises its operational stability and growth orientation. This sustained performance has contributed to the stock’s upward trajectory and its recent milestone of reaching a new 52-week high.
Technical Strength and Market Positioning
From a technical perspective, Bank of Maharashtra’s share price is well supported by its position above all major moving averages, signalling a strong uptrend. The stock’s recent gains have been in line with broader market optimism, yet it has managed to outperform both its sector and the benchmark indices.
The Sensex’s own bullish positioning, trading above its 50-day and 200-day moving averages, provides a favourable backdrop for stocks like Bank of Maharashtra. The bank’s leadership in the Public Sector Bank segment and its strong fundamental metrics have helped it capitalise on this positive market environment.
Summary
Bank of Maharashtra’s achievement of a new 52-week high at Rs.62.33 marks a significant milestone reflecting strong financial health, consistent earnings growth, and positive market momentum. The stock’s outperformance relative to its sector and the broader market, combined with increasing institutional interest and attractive valuation metrics, underscores its robust position within the Public Sector Bank space.
With a track record of positive quarterly results and a strong upgrade in its Mojo Grade to Strong Buy, Bank of Maharashtra continues to demonstrate resilience and growth, as evidenced by its recent price performance and fundamental strength.
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