Bank of Maharashtra soars 20% as over 3 million shares change hands on BSE

The stock witnessed a breakout on the upside on February 15 after news agency Reuters reported that the bank could be one of the four PSBs which the government may privatise in FY22

Shares of public sector lender Bank of Maharashtra surged as much as 20 per cent to hit an intra-day high of 27.3 apiece on the BSE on Tuesday after over three million shares changed hands on the counter in multiple block deals. At 3:20 am, the stock was ruling 19 per cent higher at Rs 27 per cent as against a 1 per cent gain in the benchmark Sensex index. About 3.2 million shares had changed hands on the counter on the BSE till the time of writing of this report. 

According to data provided by BSE, 41,590 shares changed