Bank Of Maharashtra

Bank of Maharashtra is currently trading at Rs. 52.25, up by 1.00 points or 1.95% from its previous closing of Rs. 51.25 on the BSE.

The scrip opened at Rs. 51.90 and has touched a high and low of Rs. 52.40 and Rs. 51.50 respectively. So far 93743 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 58.70 on 13-Feb-2012 and a 52 week low of Rs. 37.75 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 52.40 and Rs. 49.10 respectively. The current market cap of the company is Rs. 3074.72 crore.

The promoters holding in the company stood at 78.95% while Institutions and Non-Institutions held 11.82% and 9.23% respectively.

Bank of Maharashtra has reported results for second quarter ended September 30, 2012. 

The bank has posted a rise of 65.32% in its net profit at Rs 166.01 crore for the quarter ended September 30, 2012 as compared to Rs 100.42 crore for the same quarter in the previous year. Total income has increased by 25.15% at Rs 2434.09 crore for quarter under review as compared to Rs 1945.01 crore for the quarter ended September 30, 2011.

Gross non-performing assets (NPAs) of the bank have decreased to 2% for the quarter as against 2.24% in the previous quarter. Net non-performing assets (NPAs) of the bank were at 0.88%, lower than 0.97% in the previous quarter.