Stock Performance and Market Context
On 27 Feb 2026, Bank of Maharashtra’s stock price reached Rs.76.99, marking its highest level in the past year. This new peak comes after a six-day consecutive rally, during which the stock delivered an impressive 11.89% return. The day’s performance also saw the stock outperform its sector by 0.43%, signalling relative strength amid a broader market that was subdued. The Sensex, India’s benchmark index, opened flat but declined by 329.60 points (-0.43%) to close at 81,890.88, trading below its 50-day moving average, while the 50DMA remained above the 200DMA.
Bank of Maharashtra’s current price comfortably exceeds all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trend across multiple timeframes. This technical positioning supports the stock’s sustained momentum and reflects positive investor sentiment towards the bank’s fundamentals.
Long-Term Growth and Financial Strength
The bank’s 52-week low stood at Rs.38.11, highlighting a remarkable recovery and growth trajectory over the past year. Bank of Maharashtra has delivered a stellar 58.65% return over the last 12 months, significantly outperforming the Sensex’s 9.71% gain during the same period. This outperformance is underpinned by strong financial metrics and consistent operational results.
Key financial indicators reveal a robust growth story. The bank’s net profits have expanded at a compound annual growth rate (CAGR) of 71.13%, while net interest income (excluding other income) has grown at an annual rate of 21.57%. Operating profit has also increased by 6.27%, contributing to a series of positive quarterly results. Notably, Bank of Maharashtra has reported positive results for 21 consecutive quarters, demonstrating sustained profitability and operational resilience.
The bank’s gross non-performing asset (NPA) ratio remains low at 1.60%, reflecting prudent lending practices and effective risk management. Additionally, the credit-deposit ratio for the half-year period stands at a healthy 83.79%, indicating efficient utilisation of deposits for lending activities.
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Quarterly Highlights and Valuation Metrics
In the most recent quarter, Bank of Maharashtra recorded its highest quarterly interest earned at Rs.7,344.20 crore and posted a profit after tax (PAT) of Rs.1,779.33 crore, both all-time highs for the institution. The return on assets (ROA) stands at a solid 1.7%, reflecting efficient asset utilisation and profitability.
The stock’s valuation remains attractive, trading at a price-to-book value of 1.7, which is considered fair relative to its peers’ historical averages. The price-to-earnings-to-growth (PEG) ratio is notably low at 0.4, indicating that the stock’s price growth is well supported by its earnings expansion.
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.
Bank of Maharashtra is ranked among the top 1% of companies rated by MarketsMojo across a universe of over 4,000 stocks. It holds a strong position with a Mojo Score of 87.0 and a Mojo Grade of Strong Buy, upgraded from Buy on 6 Feb 2026. The bank is ranked second among mid-cap stocks and seventh across the entire market, underscoring its market-beating performance and quality metrics.
Over the past three years, the stock has consistently outperformed the BSE500 index, further cementing its status as a strong performer in both the long and near term.
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Dividend Yield and Investor Returns
At the current price level, Bank of Maharashtra offers a dividend yield of 3.31%, providing an attractive income component alongside capital appreciation. The combination of strong earnings growth, consistent profitability, and a healthy dividend yield contributes to the stock’s appeal within the public sector banking space.
The stock’s steady rise to its new 52-week high is a testament to its sustained financial discipline and market confidence. The upward trajectory over the past year, with returns exceeding 58%, highlights the bank’s ability to generate value for shareholders amid a challenging macroeconomic environment.
Summary
Bank of Maharashtra’s achievement of a new 52-week high at Rs.76.99 marks a significant milestone in its recent performance. Supported by strong fundamentals, consistent quarterly results, and growing institutional participation, the stock has demonstrated resilience and momentum. Its valuation metrics remain attractive, and the bank continues to maintain a leadership position within the public sector banking sector.
As the stock trades above all major moving averages and outperforms both its sector and the broader market, Bank of Maharashtra’s current trajectory reflects a well-established growth pattern backed by solid financial health and operational strength.
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