Bank of Maharashtra is currently trading at Rs. 23.85, up by 0.80 points or 3.47% from its previous closing of Rs. 23.05 on the BSE.
The scrip opened at Rs. 24.70 and has touched a high and low of Rs. 24.75 and Rs. 23.40 respectively. So far 211993 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 40.70 on 04-May-2017 and a 52 week low of Rs. 20.80 on 18-Dec-2017.
Last one week high and low of the scrip stood at Rs. 24.75 and Rs. 22.70 respectively. The current market cap of the company is Rs. 3284.27 crore.
The promoters holding in the company stood at 82.91%, while Institutions and Non-Institutions held 12.40% and 4.68% respectively.
Bank of Maharashtra has received its board’s approval to raise Rs 650 crore through issue of equity capital by way of preferential allotment in favour of government. The company’s board gave approval for the same at its meeting held on January 03, 2018. The relevant date for ascertaining the issue price is fixed as January 17, 2018.
The government had on October 24 unveiled a Rs 2.11 lakh crore two-year roadmap for strengthening NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support and equity dilution.
Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The bank also offers services to agricultural and SME sectors.
| Company Name | CMP |
|---|---|
| SBI | 1080.35 |
| PNB | 114.50 |
| Canara Bank | 142.35 |
| Bank Of Baroda | 280.00 |
| Union Bank Of India | 188.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: