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Bank of Maharashtra soars 2.98%
Bank of Maharashtra is quoting at Rs 83.66, up 2.98% on the day as on 12:49 IST on the NSE. The stock is up 64.2% in last one year as compared to a 1.62% spurt in NIFTY and a 35.64% spurt in the Nifty PSU Bank index.
Metals, PSU banks drag markets down amid currency weakness and global uncertainty
Indian stocks and the rupee experienced a significant downturn on Thursday. Surging oil prices and rumors of potential military action against Iran impacted investor sentiment. Despite this, Indian markets saw their best April performance in 28 months. The Reserve Bank of India intervened to support the rupee. Markets will be closed on Friday for Maharashtra Day.
Here's why PSU Bank shares, Bank of India, Bank of Baroda fell up to 3% on Tuesday
Stocks like Bank of Maharashtra have risen 30% so far this month, with other large lenders like Canara Bank, SBI, Bank of Baroda and PNB also gaining between 11% to 13% so far this month.
Q4 Results LIVE Updates: UTI AMC profit drops 73%; IEX operating profit up 23%
Q4 Results LIVE Updates: Infosys, LTIMindtree, IEX, Union Bank of India, Aditya Birla Sun Life AMC, Adani Energy Solutions, CIE India, Bluestone Jewellery, Mahindra Logistics, Tata Capital, Sterling & Wilson Renewables, Tata Teleservices (Maharashtra), and UTI AMC are among the important earnings to track today. The street will react to results reported by Trent, BCCL, and other companies as well. Watch this space for all the LIVE updates.
Top Gainers & Losers on April 21: Nestle India, Groww, PNB Housing, Bank of Maharashtra, Sobha among top gainers - Mint
Top Gainers & Losers on April 21: Nestle India, Groww, PNB Housing, Bank of Maharashtra, Sobha among top gainersMint
Bank of Maharashtra shares hit 52-week-high after management guides for a strong FY27
The Bank of Maharashtra management said that while growth will continue, it will not be at the cost of credit quality. The lender will focus on deposits and fee income in FY27.
Bank of Maharashtra Q4 Results: Stock jumps 4% on strong profit growth, better asset quality
Bank of Maharashtra's Net Interest Income (NII) or core income earned by the bank stood at ₹3,702.5 crore, which is a growth of 19%, compared to the ₹3,116.4 crore figure it reported during the same quarter last year.
Bank of Maharashtra Q4 Results: Board approves fund raise of over ₹20,000 crore; Details here
Bank of Maharashtra reported a quarter where its asset quality improved sequentially, but slippages saw a marginal increase compared to the December quarter.
RBI Cancels Licence Of Shirpur Merchants' Co-op Bank
The Commissioner for Cooperation, Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator.
Bank of Baroda, Bank of Maharashtra and other PSU bank stocks surge up to 4.6% after Q4 business updates - Upstox
Bank of Baroda, Bank of Maharashtra and other PSU bank stocks surge up to 4.6% after Q4 business updatesUpstox
Banks, IT and other stocks on SBI Securities' buy list
Sunny Agarwal of SBI Securities finds HDFC Bank attractive after the correction. Among PSU banks, Bank of Baroda, Bank of Maharashtra and Indian Bank stand out. The downside looks limited for IT stocks as AI-led opportunities ahead. He prefers mid-sized jewellery players, while remaining cautious on oil marketing companies amid crude uncertainty. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
5 PSU bank stocks jump up to 4% after reporting March quarter biz updates. Check details
The Nifty PSU Bank Index rose 0.5% on Monday, defying a broader market decline, as several lenders reported strong March quarter business updates. Banks like Bank of Baroda and Bank of Maharashtra saw significant gains following positive growth figures in deposits and advances, indicating resilience despite rising bond yields.