Bank of Maharashtra's Downward Spiral Continues for Fifth Consecutive Session
Bank of Maharashtra's stock price has been on a decline for five straight sessions, with the bank's shares currently trading at Rs 60.32, down 1.44% on the day.
Bank Of MaharashtraStock MarketNseNifty Psu BankSensexReal Estate MaharashtraSep 06, 2024
The benchmark NIFTY is also experiencing a decline, down around 1.12% on the day, quoting at 24863.45. The Sensex is at 81221.43, down 1.19%. This downward trend is not limited to Bank of Maharashtra, as the Nifty PSU Bank index, of which the bank is a constituent, has also eased around 3.19% in the last one month and is currently quoting at 6901.2, down 2.98% on the day.
In the last one month, Bank of Maharashtra's stock price has eased around 4.04%. The volume in the stock stood at 47 lakh shares today, compared to the daily average of 80.59 lakh shares in the last one month. The PE of the stock is 9.69 based on TTM earnings ending June 24.
The decline in Bank of Maharashtra's stock price is a cause for concern, especially considering the bank's recent performance. However, it is essential to note that the stock market can be volatile, and prices can fluctuate rapidly.
Information
Bank of Maharashtra is a public sector bank in India, headquartered in Pune, Maharashtra. The bank was founded in 1935 and has since grown to become one of the largest banks in the country. Bank of Maharashtra offers a range of financial services, including personal banking, corporate banking, and treasury services.
About Bank of Maharashtra Bank of Maharashtra is a public sector bank in India, headquartered in Pune, Maharashtra. The bank was founded in 1935 and has since grown to become one of the largest banks in the country.
Frequently Asked Questions
What is the current stock price of Bank of Maharashtra?
The current stock price of Bank of Maharashtra is Rs 60.32, down 1.44% on the day.
What is the Nifty PSU Bank index, and how has it performed in the last one month?
The Nifty PSU Bank index is a stock market index that tracks the performance of public sector banks in India. In the last one month, the index has eased around 3.19% and is currently quoting at 6901.2, down 2.98% on the day.
What is the PE ratio of Bank of Maharashtra's stock?
The PE ratio of Bank of Maharashtra's stock is 9.69 based on TTM earnings ending June 24.
How has Bank of Maharashtra's stock price performed in the last one month?
Bank of Maharashtra's stock price has eased around 4.04% in the last one month.
What is the volume of shares traded in Bank of Maharashtra's stock today?
The volume of shares traded in Bank of Maharashtra's stock today is 47 lakh shares, compared to the daily average of 80.59 lakh shares in the last one month.
Related News Articles
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.