Stock Performance and Market Context
On 24 Feb 2026, Bank of Maharashtra’s shares touched an intraday high of Rs.72.28, marking a 3.76% increase on the day and a 3.63% gain compared to the previous close. This rise outpaced the public sector bank sector by 2.97%, highlighting the stock’s relative strength. The stock has recorded gains for three consecutive sessions, delivering a cumulative return of 5.97% over this period.
The current price positions the stock well above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained upward momentum. This technical strength is complemented by a high dividend yield of 3.59%, offering income alongside capital appreciation.
In contrast, the broader market has faced headwinds, with the Sensex declining by 496.07 points (-0.89%) to close at 82,556.47. The benchmark index remains 4.36% below its own 52-week high of 86,159.02, and is trading below its 50-day moving average, indicating a more cautious market sentiment overall.
Long-Term Growth and Financial Strength
Bank of Maharashtra’s 52-week low stood at Rs.38.11, making the current price level a significant recovery and growth milestone. Over the past year, the stock has delivered an impressive 47.63% return, substantially outperforming the Sensex’s 10.86% gain during the same period.
This performance is underpinned by the bank’s strong fundamentals. The institution has demonstrated a compound annual growth rate (CAGR) of 71.13% in net profits, reflecting robust profitability expansion. Net interest income, excluding other income, has grown at an annual rate of 21.57%, while operating profit increased by 6.27%, contributing to a positive earnings trajectory.
The bank has maintained a low gross non-performing asset (NPA) ratio of 1.60%, indicating prudent lending practices and asset quality. Additionally, the credit-deposit ratio for the half-year period reached a high of 83.79%, reflecting effective utilisation of deposits for lending activities.
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Quarterly and Recent Results
The bank’s latest quarterly results reinforce its positive trajectory. Interest earned during the quarter reached a record Rs.7,344.20 crore, while profit after tax (PAT) hit a high of Rs.1,779.33 crore. These figures contribute to a consistent track record, with the company reporting positive results for 21 consecutive quarters.
Return on assets (ROA) stands at a healthy 1.7%, and the stock trades at a price-to-book value of 1.6, indicating an attractive valuation relative to its peers. The price-earnings-to-growth (PEG) ratio of 0.3 further suggests that the stock is reasonably valued given its earnings growth rate.
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 reflects confidence in the bank’s fundamentals and long-term prospects.
According to MarketsMojo’s comprehensive grading system, Bank of Maharashtra holds a Mojo Score of 87.0 and a Mojo Grade of Strong Buy, upgraded from Buy on 6 Feb 2026. The company ranks among the top 1% of all 4,000 stocks rated by MarketsMojo, positioned second among mid-cap stocks and sixth across the entire market.
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Comparative Market Performance
Bank of Maharashtra’s market-beating performance extends beyond the last year. The stock has outperformed the BSE500 index over the past three years, one year, and three months, demonstrating consistent strength relative to a broad market benchmark.
This sustained outperformance is notable given the broader market’s recent volatility and the Sensex’s current position below its 50-day moving average. The bank’s ability to maintain upward momentum amid these conditions highlights its resilience and underlying strength.
Overall, Bank of Maharashtra’s new 52-week high of Rs.72.28 represents a significant milestone, reflecting a combination of strong financial results, favourable valuation metrics, and growing institutional support. The stock’s trajectory over the past year and recent sessions underscores its position as a leading player within the public sector banking industry.
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