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Bank of Maharashtra extends losses

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Capital Market

Bank of Maharashtra is quoting at Rs 11.6, down 2.52% on the day as on 13:24 IST on the NSE. The stock tumbled 51.82% in last one year as compared to a 12.37% rally in NIFTY and a 22.53% spurt in the Nifty PSU Bank index.

Bank of Maharashtra dropped for a fifth straight session today. The stock is quoting at Rs 11.6, down 2.52% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 1.08% on the day, quoting at 11916.3. The Sensex is at 40628.15, down 1.04%.Bank of Maharashtra has eased around 19.16% in last one month.Meanwhile, Nifty PSU Bank index of which Bank of Maharashtra is a constituent, has eased around 13.5% in last one month and is currently quoting at 2145.65, down 2.64% on the day. The volume in the stock stood at 1.61 lakh shares today, compared to the daily average of 8.22 lakh shares in last one month.

 

The PE of the stock is 17.17 based on TTM earnings ending December 19.

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First Published: Feb 18 2020 | 1:35 PM IST

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