New Peak in Share Price
On 23 Feb 2026, Bank of Maharashtra’s stock price touched an intraday high of Rs.71.23, marking its highest level in the last 52 weeks. This represents a notable 3.53% increase on the day, with the stock outperforming its sector by 2.25%. The price rally has been supported by a two-day consecutive gain, delivering a cumulative return of 4.58% during this period. The stock’s upward trajectory is further validated by its position above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained buying interest and positive technical momentum.
Strong Relative Performance Against Benchmarks
Over the past year, Bank of Maharashtra has delivered a remarkable 41.59% return, substantially outperforming the Sensex’s 10.64% gain during the same timeframe. The Sensex itself has been on an upward trend, closing at 83,325.71 on the day, up 0.62%, and approaching its own 52-week high of 86,159.02, just 3.4% away. Despite the broader market’s cautious positioning—trading below its 50-day moving average—the bank’s stock has demonstrated resilience and strength, highlighting its distinct momentum within the public sector banking sector.
Financial Metrics Underpinning the Rally
Bank of Maharashtra’s recent price surge is supported by a series of strong financial indicators. The bank boasts a low Gross Non-Performing Asset (NPA) ratio of 1.60%, reflecting prudent lending practices and asset quality. Its net profit growth has been exceptional, with a compound annual growth rate (CAGR) of 71.13%, underscoring robust profitability expansion over the long term. Net Interest Income, excluding other income, has grown at an annual rate of 21.57%, while operating profit has increased by 6.27%, contributing to the bank’s very positive results declared in December 2025.
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Operational Highlights and Valuation
The bank’s credit deposit ratio stands at a healthy 83.79%, indicating efficient utilisation of deposits for lending activities. Quarterly interest earned reached a peak of Rs.7,344.20 crore, while profit after tax (PAT) for the quarter hit Rs.1,779.33 crore, both records for the company. Return on Assets (ROA) is at a solid 1.7%, and the stock trades at a Price to Book Value of 1.6, suggesting an attractive valuation relative to its peers. The Price/Earnings to Growth (PEG) ratio is notably low at 0.3, reflecting the stock’s earnings growth relative to its price, further supporting the valuation case.
Dividend Yield and Institutional Interest
At the current price level, Bank of Maharashtra offers a high dividend yield of 3.63%, providing an additional income stream for shareholders. 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 long-term prospects, given their superior analytical capabilities and resources.
Market Recognition and Ratings
Bank of Maharashtra is rated highly by MarketsMojo, with a Mojo Score of 87.0 and a Mojo Grade upgraded to Strong Buy from Buy as of 6 Feb 2026. It ranks among the top 1% of all 4,000 stocks analysed by MarketsMojo, positioned second among mid-cap stocks and fifth across the entire market. This rating reflects the bank’s strong fundamentals, consistent profitability, and market-beating performance over multiple time horizons.
Long-Term Performance and Consistency
The bank has declared positive results for 21 consecutive quarters, demonstrating consistent operational strength. Over the last three years, Bank of Maharashtra has outperformed the BSE500 index, further cementing its status as a market leader within its sector. The stock’s 52-week low was Rs.38.11, highlighting the significant appreciation to its current high of Rs.71.23, nearly doubling in value over the period.
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Sector Context and Market Environment
Within the public sector banking industry, Bank of Maharashtra’s performance stands out for its strong growth and valuation metrics. The broader sector has seen mixed trends, but the bank’s ability to maintain a low NPA ratio and deliver consistent profit growth has contributed to its market outperformance. The Sensex’s recent gains, led by mega-cap stocks, provide a supportive backdrop for the bank’s rally, although Bank of Maharashtra’s gains have been more pronounced relative to the overall market.
Summary of Key Financial Highlights
To summarise, Bank of Maharashtra’s key financial metrics include:
- Gross NPA ratio: 1.60%
- Net Profit CAGR: 71.13%
- Net Interest Income growth: 21.57% annually
- Operating Profit growth: 6.27%
- Credit Deposit Ratio (HY): 83.79%
- Quarterly Interest Earned: Rs.7,344.20 crore
- Quarterly PAT: Rs.1,779.33 crore
- Return on Assets: 1.7%
- Price to Book Value: 1.6
- Dividend Yield: 3.63%
- PEG Ratio: 0.3
These figures collectively illustrate the bank’s strong financial health and justify the recent surge to its 52-week high.
Conclusion
Bank of Maharashtra’s attainment of a new 52-week high at Rs.71.23 is a significant milestone that reflects its robust financial performance, strong fundamentals, and sustained market momentum. The stock’s outperformance relative to the Sensex and its sector peers, combined with attractive valuation metrics and growing institutional interest, highlight the bank’s prominent position in the public sector banking landscape as of February 2026.
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