Bank of Maharashtra Share 🚀💰
The Indian stock market reached new heights on Friday, January 12. The Sensex rose by 847 points to reach 72,568, while the Nifty-50 index closed at 21,908 after a 260-point surge. This surge in the market was driven by the impressive performance of banking shares, with Bank of Maharashtra leading the way.
HDFC Securities Firm has recommended buying Bank of Maharashtra shares for the next three months. Technical analysis suggests that the share is showing strong growth potential. On Friday, January 12, the Bank of Maharashtra share closed at ₹48.30, with a remarkable return of 5.11%. By Monday, January 15, the share had further increased by 3.21% to ₹49.8.
According to experts, the Bank of Maharashtra share could potentially reach ₹54 in the coming weeks. Investing in Bank of Maharashtra shares could yield good returns. Experts have set the first target price at ₹51 and the second target price at ₹54. It is advised for investors to put a stop loss at ₹45 when purchasing the shares.
In the past six months, Bank of Maharashtra shares have provided investors with returns of over 58%. Brokers predict further growth in the share price, as it has consistently been reaching new heights. The share is currently trading at its 50-day SMA level and has shown a strong bounce back from the breakout levels of ₹43-47.75, supported by good volume.
Experts recommend buying Bank of Maharashtra shares immediately, as there is a high probability of further growth in the coming weeks. In the past six months, the share has provided investors with a return of 55.06%.
So, don’t miss out on the opportunity to invest in Bank of Maharashtra shares and potentially reap the benefits of its impressive performance in the market. 📈💼
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
