Bank of Maharashtra Sees 18.4 Million Shares Traded, Dominates Volume Today

Bank of Maharashtra has emerged as one of the most active equities today, with a total traded volume of 18,401,802 shares and a total traded value of approximately Rs. 111.24 crores. The stock opened at Rs. 59.7 and reached a day high of Rs. 61.39, marking a new 52-week high. The last traded price (LTP) stands at Rs. 59.52, reflecting a 0.86% increase for the day, which outperformed the sector's return of 0.40% and the Sensex's return of 0.41%.
The stock has shown consistent performance, gaining for the last two days with an impressive return of 8.47% during this period. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Notably, the delivery volume on October 15 surged to 3.01 crore shares, a significant increase of 332.46% compared to the 5-day average delivery volume, highlighting rising investor participation.

With a market capitalization of Rs. 46,003.19 crores, Bank of Maharashtra continues to demonstrate robust liquidity, suitable for trade sizes of Rs. 3.82 crores based on 2% of the 5-day average traded value. Overall, the stock's performance today reflects a positive trend within the public sector banking industry.