Bank of Maharashtra is quoting at Rs 65.85, up 0.92% on the day as on 12:44 IST on the NSE. The stock is up 156.73% in last one year as compared to a 28.17% spurt in NIFTY and a 92.38% spurt in the Nifty PSU Bank.Bank of Maharashtra is up for a fifth straight session in a row. The stock is quoting at Rs 65.85, up 0.92% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 22502.65. The Sensex is at 74140.98, up 0.32%. Bank of Maharashtra has risen around 7.77% in last one month. Click here to follow our WhatsApp channelMeanwhile, Nifty PSU Bank index of which Bank of Maharashtra is a constituent, has risen around 0.39% in last one month and…
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Category: Bank of Maharashtra
Bank of Maharashtra Q4 net profit rises 45% to Rs 1,218 cr, gets board nod to raise up to Rs 7,500 cr
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Public sector lender Bank of Maharashtra on April 26 reported a net profit of Rs 1,218 crore for fiscal fourth quarter, a 45 percent jump from the year-ago period.
The bank had reported net profit of Rs 840 crore last year.
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At 1330 hours on April 25, the lender’s shares on BSE were trading nearly 2 percent higher at Rs 66.45 apiece.
The PSU lender also said that its board approved the proposal to raise up to Rs 7,500 crore through various modes.
“Board approved…
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Bank of Maharashtra cuts home, car loan rates by upto 20 basis points | Finance News
Bank of Maharashtra | Photo: Wikipedia2 min read Last Updated : Aug 12 2023 | 2:02 PM IST
In order to push retail loans, public sector lender Bank of Maharashtra (BoM), on Saturday, cut the lending rate for home loans and car loans by upto 20 basis points. The revised rates would come into effect from August 14, 2023.
In contrast, it has hiked its Marginal Cost of Funds Based Lending Rate (MCLR) by 10 basis points in select tenors upto one year.
The Pune-based lender, in a statement, said that the revised rate for home loan would be 8.5 per cent as against old rate of 8.6 per cent and for car loans, it would be 8.7 per cent, as against 8.9 per cent being old rate.
The…
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Stocks to Buy today: Lemon Tree Hotels share price, Balrampur Chini Mills share price target, Maharashtra Bank share price target, Naukri share price target – IIFL recommendations | Markets News
Stocks to Buy on April 30, 2024: India Infoline recommended investors to purchase shares of Lemon Tree, Balrampur Chini Mills, Maharashtra Bank, Naukri.
Stocks to buy on April 30, 2024: IIFL recommendations (Pic: News9live and Pixabay)
Mumbai: India Infoline on Tuesday recommended stock market investors to buy shares of Lemon Tree Hotels, Info Edge (Naukri), Balrampur Chini Mills, and Maharashtra Bank for good returns. The brokerage firm shared the target price and Stop Loss for all the four mentioned stocks.
Lemon Tree Hotels share price target
Suggesting investors to pump in their money in…
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Buy Sonata Software at Rs 750 – Market Trading Guide: L&T, Bank of Maharashtra among 5 stock recommendations for Monday
Target Price: Rs 3835Stop Loss: Rs 3500On a Daily time frame, Amber Enterprises India Ltd has given a breakout of Rectangle Pattern on the upside, indicating a positive trend in the stock. Buyers have to look more attractive to buy the security above 3500 levels.Security took support near the 21-day EMA and started moving on the positive side indicating a positive trend with price trading above important the EMA indicates strength on the upside. Additionally, the breakout in the Relative Strength Index (RSI) supports the upside move, confirming the strength of the current trend and implying the potential for further price appreciation.(Kunal Kamble, Sr. Technical Analyst, Bonanza…
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Maharashtra Bank – Buy | Buying range: 62 | Target: 68-70 | Stop loss: 58 – Tech picks: Cipla, ICICI Bank among 8 stocks to buy in first week of FY25 for robust returns
Indian markets ended FY24 on a bullish note, although it retreated significantly from its peak levels. Going forward, investors will keep an eye on RBI policy outcome scheduled later this week and auto sales numbers.Technically, analysts said Nifty witnessed bullish momentum after crossing its 20-DMA. However, it is near resistance to the previous all-time high of 22526.In this setup, here are 8 stocks that you can consider buying for robust returns in first week of FY25
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Bank of Maharashtra Q4 Results: Profit surges 45% YoY to Rs 1,218 crore
State-owned Bank of Maharashtra (BoM) on Friday reported a 45 per cent jump in its net profit to Rs 1,218 crore for the March quarter, helped by a decline in bad loans and a rise in interest income. The Pune-based lender had earned a net profit of Rs 840 crore in the year-ago period. During the quarter, the bank’s total income increased to Rs 6,488 crore as against Rs 5,317 crore a year ago, BoM said in a regulatory filing. Interest income grew to Rs 5,467 crore during the period under review, from Rs 4,495 crore in the corresponding quarter a year ago. The bank’s board has recommended a dividend of Rs 1.40 per share or 14 per cent of Rs 10 face value out of the net profits for the…
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PAT jumps 45% to ₹1,218 crore; dividend declared
Bank of Maharashtra’s net profit jumped 45% year-on-year (YoY) to ₹1,217.7 crore for the fourth quarter ending March 2024. Net profit was ₹840 crore in the year ago period.The March quarter net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, improved 18.2% to ₹2,584 crore from ₹2,187 crore in the year ago period. Its asset quality improved with gross non-performing assets (NPA) falling to ₹3,833.1 crore at the end of the March quarter against ₹3,858 crore in the previous December quarter.Net NPA stood at ₹409 crore as against ₹405 crore at the end of December 2023…
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Bank of Maharashtra Q4 Results: Net Profit Jumps 45% To Rs 1218 Cr, NII Surges 18.17% – Goodreturns
Bank of Maharashtra Q4 Results: Net Profit Jumps 45% To Rs 1218 Cr, NII Surges 18.17% Goodreturns
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PAT jumps 45% to ₹1,218 crore; dividend declared
Bank of Maharashtra’s net profit jumped 45% year-on-year (YoY) to ₹1,217.7 crore for the fourth quarter ending March 2024. Net profit was ₹840 crore in the year ago period.The March quarter net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, improved 18.2% to ₹2,584 crore from ₹2,187 crore in the year ago period.
Its asset quality improved with gross non-performing assets (NPA) falling to ₹3,833.1 crore at the end of the March quarter against ₹3,858 crore in the previous December quarter.Net NPA stood at ₹409 crore as against ₹405 crore at the end of December 2023…
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