Bank of Maharashtra | Shares of Bank of Maharashtra closed at Rs 43.01 on the last day of trading. The stock touched a high of Rs 44.2 and a low of Rs 42.61 during the day on Friday. The market capitalization of the company is Rs 31,101.38 crore. The 52-week high is Rs.44.75 and the 52-week low is Rs.16.95. The trading volume of this stock on BSE was 6,060,028.
Bank of Maharashtra – Returns up to 8 percent in short term
Currently, the share of Bank of Maharashtra is trading at 44 rupees 80 paise. After the study, experts have said that if you buy Bank of Maharashtra shares at this level, you can get a return of up to 8 percent in a short period of time. So what is impossible by investing in FD can be made possible by investing in shares of Bank of Maharashtra in the short term.
Bank of Maharashtra – Returned 131.39 percent in 1 year
Bank of Maharashtra shares have become a multibagger share for investors. In the last 1 year, Bank of Maharashtra shares have given a whopping 131.39 percent return to the investors. If we consider the last 5 years, Bank of Maharashtra has given a whopping 226.67 percent return to the share investors. If we consider the last 6 months, the stock has returned 51.45%. It means that Bank of Maharashtra shares earn more than Bank of Maharashtra FD.
Bank of Maharashtra – Chart
The share price has fallen from the ascending trendline on the weekly chart. The stock fell from a bullish inverted head and shoulder pattern on the long-term chart in the month of July.
Bank of Maharashtra share outperformed the PSU Bank index
In August, the stock outperformed the PSU Bank index and hit a 52-week high. The stock is placed above all important moving averages, which indicate a bullish trend on all time frames. Indicators and oscillators like MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index) have turned on weekly charts.
Disclaimer | Investing in mutual funds and the stock market is based on risks. Be sure to consult your financial advisor before investing in the stock market. AkhandIndia.com shall not be liable for any financial loss.
News Title: Bank of Maharashtra Share Price on 17 September 2023.
