Bank of Maharashtra Hits New 52-Week High at Rs.75.61

Stock Performance and Market Context

On 26 Feb 2026, Bank of Maharashtra's shares reached Rs.75.61, marking the highest price level in the past year. The stock has recorded gains for five consecutive trading sessions, delivering a cumulative return of 9.68% during this period. This performance notably outpaced the public sector bank sector by 0.3% on the day.

The stock currently trades above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained upward momentum. This technical strength aligns with the broader market environment, where the Sensex opened 142.71 points higher and was trading at 82,497.35, up 0.27%. Although the Sensex remains 4.44% below its own 52-week high of 86,159.02, Bank of Maharashtra's performance has been markedly superior.

Over the past year, Bank of Maharashtra has delivered a remarkable 52.82% return, significantly outstripping the Sensex's 10.60% gain. The stock's 52-week low was Rs.38.11, underscoring the substantial appreciation investors have witnessed.

Financial Strength and Growth Metrics

Bank of Maharashtra's recent price surge is underpinned by strong financial fundamentals. The bank boasts a low Gross Non-Performing Assets (NPA) ratio of 1.60%, reflecting prudent lending practices. Its credit-deposit ratio stands at a robust 83.79% as per the latest half-year data, indicating efficient utilisation of deposits for lending activities.

Net Interest Income (excluding other income) has grown at an annualised rate of 21.57%, while net profit has expanded at an impressive compound annual growth rate (CAGR) of 71.13%. The bank's operating profit increased by 6.27% in the December 2025 quarter, contributing to a string of positive results over 21 consecutive quarters.

Quarterly figures highlight the bank's strong earnings momentum, 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 in its history. Return on Assets (ROA) stands at a healthy 1.7%, complemented by a Price to Book Value ratio of 1.7, indicating attractive valuation metrics relative to peers.

Additionally, the stock offers a high dividend yield of 3.37% at the current price, providing income alongside capital appreciation.

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 growth trajectory.

According to MarketsMojo ratings, Bank of Maharashtra holds a Mojo Score of 87.0 and has been upgraded from a Buy to a Strong Buy as of 6 Feb 2026. The bank 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. Its market cap grade is 2, indicating a solid mid-cap standing.

Comparative Market Performance and Valuation

Bank of Maharashtra’s stock has consistently outperformed broader market indices and sector benchmarks. Over the last three years, as well as the past one year and three months, the stock has delivered returns exceeding those of the BSE500 index. This sustained outperformance is supported by a PEG ratio of 0.4, signalling that the stock’s price growth is favourable relative to its earnings growth.

The bank’s valuation remains fair when compared to historical averages of its peers, reinforcing the stock’s appeal from a fundamental perspective. The combination of strong earnings growth, attractive dividend yield, and solid institutional backing has contributed to the stock’s upward trajectory and recent 52-week high.

Summary of Key Financial Indicators

To encapsulate, Bank of Maharashtra’s recent price milestone is supported by:

• 52-week high price of Rs.75.61, up 0.27% on the day
• Five consecutive days of gains, with a 9.68% return over this span
• Gross NPA ratio of 1.60%, reflecting asset quality
• Net profit CAGR of 71.13% and Net Interest Income growth of 21.57%
• Record quarterly interest earned of Rs.7,344.20 crore and PAT of Rs.1,779.33 crore
• Credit-deposit ratio at 83.79%, indicating strong lending activity
• Dividend yield of 3.37% and ROA of 1.7%
• Institutional ownership increased to 17.42%
• Mojo Grade upgraded to Strong Buy with a score of 87.0

These factors collectively illustrate the bank’s robust financial health and market standing, which have propelled the stock to its current peak.

Market Environment and Sector Dynamics

The broader public sector banking sector has witnessed mixed trends, but Bank of Maharashtra’s performance stands out due to its consistent earnings growth and prudent risk management. While the Sensex trades below its 50-day moving average, the index’s 50DMA remains above the 200DMA, signalling a cautiously optimistic market backdrop. Mega-cap stocks are leading the market gains, with the Sensex up 0.27% on the day.

Within this environment, Bank of Maharashtra’s ability to outperform its sector and the broader market highlights its resilience and operational strength.

Conclusion

Bank of Maharashtra’s achievement of a new 52-week high at Rs.75.61 is a testament to its strong financial performance, attractive valuation, and sustained market momentum. The stock’s consistent gains over recent sessions, combined with solid fundamentals and increased institutional participation, underscore its prominent position within the public sector banking space. This milestone reflects the bank’s capacity to deliver value in a competitive and evolving market landscape.

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