Bank of Maharashtra's Stock Sees 3.6% Increase, Rated 'Hold' by MarketsMOJO

Bank of Maharashtra, one of the leading public banks in India, saw a 3.6% increase in its stock price on October 23, 2024. This rise was in line with the overall performance of the stock market, as the Sensex saw a 0.24% increase on the same day.

According to MarketsMOJO, a leading financial analysis platform, the stock of Bank of Maharashtra is currently rated as 'Hold'. This rating is based on the stock's performance and trends in the market.

In terms of price movement, Bank of Maharashtra outperformed its sector by 2.93% on October 23. The stock also showed a trend reversal, gaining after two consecutive days of falling. It reached an intraday high of Rs 50.9, a 3.67% increase, and an intraday low of Rs 46.64, a 5.01% decrease.

However, the stock is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a downward trend in the stock's performance.

In comparison to the Sensex, Bank of Maharashtra has shown a 1-day performance of 3.60%, while the Sensex saw a 0.24% increase. Over the past month, the stock has seen a -19.34% decrease, while the Sensex has seen a -5.32% decrease.

Overall, Bank of Maharashtra's stock performance on October 23 was positive, but it is currently facing a downward trend. Investors should keep an eye on the stock's performance and market trends before making any investment decisions.