Bank of Maharashtra Hits New 52-Week High at Rs.69.89

Stock Performance and Market Context

Bank of Maharashtra’s stock price touched Rs.69.89, marking its highest level in the last 52 weeks. This represents a remarkable increase from its 52-week low of Rs.38.11, translating to a one-year gain of 37.83%. This outpaces the broader Sensex index, which has recorded a 9.90% rise over the same period. Despite a slight underperformance today with a day change of -0.72%, the stock remains well above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained upward momentum.

The broader market environment saw the Sensex open 235.57 points higher but subsequently reverse sharply, falling by 512.02 points to close at 83,457.80, down 0.33%. The Sensex remains 3.24% below its own 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50-day average itself is above the 200-day moving average, indicating a mixed technical backdrop.

Strong Fundamental Drivers Behind the Rally

Bank of Maharashtra’s rally to a new 52-week high is supported by a series of strong fundamental indicators. The bank has demonstrated impressive long-term growth, with net profits expanding at a compound annual growth rate (CAGR) of 71.13%. This robust profitability growth is complemented by a 21.57% annual increase in Net Interest Income (excluding other income), reflecting the bank’s effective lending practices and interest earnings.

Operating profit growth of 6.27% in the most recent quarter further highlights the bank’s positive financial trajectory. The company has reported positive results for 21 consecutive quarters, underscoring consistent operational strength. The credit deposit ratio stands at a healthy 83.79%, indicating efficient utilisation of deposits for lending activities.

Quarterly figures reinforce this strength, with interest earned reaching a record Rs.7,344.20 crore and profit after tax (PAT) hitting Rs.1,779.33 crore, both the highest recorded to date. The bank’s gross non-performing asset (NPA) ratio remains low at 1.60%, reflecting prudent risk management and asset quality.

Valuation and Dividend Yield

The stock currently trades at a price-to-book value of 1.6, which is considered attractive relative to its peers and historical averages. This valuation reflects the market’s recognition of the bank’s strong fundamentals and growth prospects. Additionally, Bank of Maharashtra offers a high dividend yield of 3.62% at the current price, providing an appealing income component for shareholders.

Institutional Participation and Market Standing

Institutional investors have increased their stake in Bank of Maharashtra by 5.02% over the previous quarter, now collectively holding 17.42% of the company’s shares. This growing institutional interest is indicative of confidence in the bank’s fundamentals and long-term growth trajectory.

Bank of Maharashtra is highly rated by MarketsMojo, with a Mojo Score of 87.0 and a Mojo Grade upgraded to Strong Buy from Buy as of 6 February 2026. It ranks among the top 1% of all 4,000 stocks analysed by MarketsMojo, positioned third among mid-cap stocks and sixth across the entire market. This rating reflects the bank’s strong financial health, consistent earnings growth, and favourable valuation metrics.

Long-Term and Recent Performance Metrics

Over the past year, the stock has generated a return of 37.83%, significantly outperforming the Sensex and the BSE500 index. Profit growth over the same period has been 23.9%, resulting in a low PEG ratio of 0.3, which suggests the stock is reasonably valued relative to its earnings growth. The bank’s return on assets (ROA) stands at 1.7%, further highlighting its efficient use of assets to generate profits.

Summary of Key Financial Highlights

Bank of Maharashtra’s recent financial results and market performance reflect a well-managed public sector bank with strong growth and valuation metrics. The bank’s consistent quarterly profitability, low gross NPA ratio, and high credit deposit ratio underpin its operational strength. The stock’s new 52-week high of Rs.69.89 is a testament to this sustained momentum and investor confidence in its fundamentals.

While the stock experienced a slight pullback today after three consecutive days of gains, it remains firmly positioned above all major moving averages, signalling continued underlying strength. The high dividend yield of 3.62% adds to the stock’s appeal for income-focused investors.

Bank of Maharashtra’s market capitalisation grade of 2 and its strong institutional backing further reinforce its standing as a key player in the public sector banking sector. The bank’s performance over the last year and beyond has consistently outpaced broader market indices, highlighting its ability to deliver value in a competitive environment.

Overall, the new 52-week high milestone achieved by Bank of Maharashtra reflects a combination of strong earnings growth, prudent risk management, attractive valuation, and growing institutional participation, all contributing to the stock’s upward trajectory in the public sector banking space.

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