Bank of Maharashtra Stock Analysis: Performance, Returns & Investment Strategies for 2023

Bank of Maharashtra Stock Analysis: Performance, Returns & Investment Strategies for 2023
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Bank of Maharashtra Stock Analysis: INR 48.70 Price and Notable 2.74% Increase on September 28, 2023

Bank of Maharashtra’s stock symbol is “Bank of Maharashtra.”

The current stock price stands at INR 48.70, reflecting a notable 2.74% increase.

This data is as of 12:05 pm IST on 28 September 2023 and the company operates in the banking sector with a focus on public sector banking.

Bank of Maharashtra’s Intraday Trading Data on NSE and BSE: INR 45.6 (Low) to INR 49.4 (High)

NSE (National Stock Exchange) Data:

The stock’s intraday trading range for the day was INR 45.6 (Low) to INR 49.4 (High).

The previous day’s closing price was INR 47.40. It opened at INR 47.40, and the total trading volume reached a substantial 4,62,79,843 shares.

The Volume-Weighted Average Price (VWAP) for the stock is INR 48.69.

BSE (Bombay Stock Exchange) Data:

Similar to NSE, the intraday trading range was INR 45.6 (Low) to INR 50.4 (High).

The previous day’s closing price matched at INR 47.40. It also opened at INR 47.40, with the same trading volume of 4,62,79,843 shares.

The Volume-Weighted Average Price (VWAP) for the stock on BSE is INR 48.69.

Bank of Maharashtra’s Financial Performance: Strong Loan Book Growth and Impressive Profit Trends

Over the past 18 years, intraday gains exceeding 5% have been a rare occurrence, happening only 3.16% of the time.

Notably, Bank of Maharashtra has shown robust loan book growth, with a year-on-year increase of 30.53%, surpassing its 5-year Compound Annual Growth Rate (CAGR) of 15.68%.

The company’s profit per employee has exhibited a strong upward trend, with an impressive growth rate of 121.5% in the last year.

Key Metrics of Bank of Maharashtra: PE Ratio, EPS, Dividend Yield and More

The Price-to-Earnings (PE) Ratio stands at 11.37.

Earnings per Share (EPS) for the trailing twelve months is at INR 4.29.

The Dividend Yield is 2.67%. The market capitalization is INR 34,677 crore, with a market cap rank of 22.

The Price-to-Book (PB) Ratio is 2.02. The one-month Beta stands at 0.95.

The Book Value per Share is INR 22.30, with a Face Value of INR 10.00.

Bank of Maharashtra’s Remarkable Returns: Short Term, Long Term and Yearly Growth

In the short term, the stock has experienced a 12.84% increase in the last day. Over the past month, it has shown a 23.79% increase. Looking at a more extended horizon, the stock has displayed substantial growth over 3 years (322.53%) and 5 years (1338.49%).

The company has delivered impressive returns over the past year as well, with a remarkable growth rate of 181.04%.

Income (P&L): Bank of Maharashtra’s profit per employee has consistently increased, with a significant growth rate of 121.5% in the last year.

Bank of Maharashtra’s Income and Quarterly Financials: INR 5,417.87 Crore Total Income in June 2023

Total Income for the quarter ending in June 2023 was INR 5,417.87 crore, reflecting growth of 11.90% compared to the previous quarter (Mar 23).

Provisions & Contingencies during the same period amounted to INR 776.11 crore, which represents a significant increase compared to INR 944.75 crore in the previous quarter.

The Profit After Tax (PAT) for June 2023 was INR 883.67 crore, showing a growth of 5.13% compared to the previous quarter.

The ’ross Non-Performing Assets (NPA) ratio was 2.28% for June 2023, while the Net NPA ratio stood at 0.24%.

The Net Profit Margin was 16.31% for June 2023. Basic Earnings Per Share (EPS) for June 2023 was INR 1.29, compared to INR 1.25 in the previous quarter (Mar 23).

Bank of Maharashtra Garners Top Honors in 2023 with APY Award of Excellence and More

APY Annual Award ‘Award of Excellence’ (June 6, 2023): Bank of Maharashtra received the prestigious APY Annual Award ‘Award of Excellence.’ Shri V.N Kamble, GM FI SLBC, accepted the award on behalf of the bank. The award was presented by Shri Vivek Joshi, Hon’ble Secretary, DFS, MOF, Gol. This recognition highlights the bank’s commitment to excellence in Financial Inclusion.

Best Innovation in User Experience of the Year (May 27, 2023): Bank of Maharashtra was honored with the ‘Best Innovation in User Experience of the Year’ award at India Banking Summit & Awards 2023. This accolade underscores the bank’s dedication to enhancing the banking experience for its customers.

Technology Winner Award in BFSI Technology Awards 2023 (April 29, 2023): Bank of Maharashtra received the prestigious Technology Winner Award for its private cloud platform “Nakshatra” at the BFSI Technology Awards 2023 by Indian Express. This award recognizes the bank’s commitment to innovation and digital transformation.

Best Cloud Implementation of the Year (May 27, 2023): Bank of Maharashtra was honored with the ‘Best Cloud Implementation of the Year’ award at India Banking Summit & Awards 2023. This achievement showcases the bank’s dedication to leveraging innovative technology for enhanced operational efficiency.

Best Bank in India Award under Mid-Sized Banks Category (January 14, 2023): Bank of Maharashtra was awarded the ‘Best Bank in India’ under the Mid-Sized Banks Category. The award was presented by BT-KPMG and esteemed guests included Shri Nitin Gadkari (Hon’ble Union Minister for Road Transport & Highways), Shri K V Kamath, and Shri Aroon Purie (India Today Group Chairman). Shri A S Rajeev, MD & CEO of Bank of Maharashtra, accepted the award with gratitude, thanking all stakeholders for their contribution to this achievement.

These remarkable accolades signify Bank of Maharashtra’s outstanding performance, innovation, and dedication in the banking industry.

Bank of Maharashtra Investment: Choosing Between Short-Term and Long-Term Strategies

When considering investments in Bank of Maharashtra, your choice between short-term and long-term depends on your financial goals and risk tolerance.

Short-Term Strategy:

In the short term, the stock has recently surged by 12.84%, making it attractive for quick gains. Over the past month, it exhibited an impressive 23.79% growth. However, short-term investments often come with higher volatility.

Long-Term Strategy:

Over an extended horizon, Bank of Maharashtra has shown substantial growth, with a 3-year increase of 322.53% and a 5-year growth of 1338.49%. It has also delivered a remarkable 181.04% return in the past year.

Long-term investments are typically more stable and suited for goals like retirement planning. Consider these factors when deciding:

Financial Goals: Short-term investments suit near-future goals, while long-term investments align with wealth accumulation over many years.

Risk Tolerance: Short-term investments can be riskier due to market fluctuations, while long-term investments offer stability.

Diversification: A diversified portfolio may include both short and long-term investments to balance risk and returns.

Market Research: Analyze the bank’s financial performance, market conditions, and your investment horizon to make informed decisions.

Consult an Advisor: For personalized guidance, seek advice from a financial advisor who can assess your specific financial situation and goals.

In conclusion, your choice between short-term and long-term investment in Bank of Maharashtra should reflect your individual circumstances and investment objectives. Invest wisely to achieve your financial goals effectively.

FAQs About Bank of Maharashtra stock:

How significant is the 2.74% increase in Bank of Maharashtra’s stock price on September 28, 2023?

The 2.74% increase reflects a notable change in stock value for the day. However, the significance depends on individual investment goals and market conditions.

Can you explain the difference between the NSE and BSE intraday trading data for Bank of Maharashtra’s stock?

While NSE and BSE trading data is generally similar, there can be variations in intraday trading range and prices. Understanding these differences can help in making informed investment decisions.

What are the implications of Bank of Maharashtra’s strong loan book growth of 30.53% year-on-year?

A robust loan book growth indicates the bank’s ability to generate revenue through lending activities. It’s a positive sign of financial health and potential profitability.

How does Bank of Maharashtra’s Price-to-Earnings (PE) Ratio of 11.37 compare to industry averages?

Comparing the PE ratio to industry averages helps assess if the stock is overvalued or undervalued. A lower PE ratio might suggest the stock is relatively inexpensive.

What is the current stock price of Bank of Maharashtra?

₹48.70 (NSE) and ₹47.70 (BSE) is the current stock price of Bank of Maharashtra.

Disclaimer :

The information provided in this blog is for general informational purposes only and should not be considered as professional financial or investment advice. Always conduct thorough research and seek advice from a qualified financial advisor before making any investment decisions. The blog author and publisher are not responsible for any actions taken based on the information provided in this blog. Any reliance on the content is at your own risk. Remember that the financial markets can be volatile, and past performance is not indicative of ture results. The company mentioned in the blog may have undergone changes or developments that are not reflected here. Please verify the information with credible sources before making any financial decisions.

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