Bank of Maharashtra is one of the leading public sector banks in India. It was founded in 1936 and currently has over 2,500 branches across the country. It offers a wide range of banking services, including retail banking, corporate banking, investment banking, and wealth management services. The bank has been making significant progress in its market share and asset base in recent years and is expected to continue to do so in the coming years.
The net profit for the quarter ending in March (Q4FY23) increased by more than 135% to 840 crore from 355.2 crore in the same quarter the year before. From 1,612 crore in the same quarter last year, Net Interest Income (NII) grew by more than 35% to 2,187 crore this quarter. The bank also reported an improvement in asset quality, with its gross non-performing asset (GNPA) dropping from 2.94% in the previous quarter of the same fiscal year to 2.47% as a result of a 47 basis point decrease. The Bank of Maharashtra recorded a 126% increase in net profit for the year that ended on March 31, 2023, from the prior year’s level of 1,152 crore to 2,602 crore. Its interest income increased 22%, from 13,019 to 15,898 crore.
MAHABANK Stock History
Tracing back to its history in April 2005, it opened at a price of Rs. 33 and reached Rs. 92 in Jan 2008, which is the highest-ever price witnessed by BoM stocks. It further saw many bull and bear phases and reached its lowest ever in 2018 and is seen to be steady by then. This is due to the fact that the bank has been making significant progress in its market share and asset base, which has led to an increase in its share price. As of 20th May 2023, MAHABANK’s share price is trading at Rs. 31.15 per share with a market cap of Rs. 20965 Crore.
Bank of Maharashtra in recent news
- According to a filing, the Bank of Maharashtra intends to raise up to 7,500 crores through a follow-on public offer (FPO) or rights issue. Subject to the required permissions, it may also take into account other comparable methods of raising capital, such as a qualified institutional placement (QIP) or preferential issue.
- “This is to tell you that the Bank’s Board of Directors has proposed a dividend of Rs. 1.30 (or 13% per share) on Bank equity shares for the Financial Year 2022–2023 in a meeting that took place on April 24, 2023. In light of this, we thus notify you that Friday, June 2, 2023, is the Record Date for assessing the eligibility of Members entitled to Receive Dividends on Equity Shares. If approved by the Bank’s shareholders, the dividend will be paid following the AGM to shareholders whose names are listed in the Bank’s Register of Members/ Register of Beneficial Owners maintained by the Depositories, National Securities Depository Limited, and Central Depository Services (India) Limited, as of the close of business on Friday, June 2, 2023,” said the Board of Directors.
- Bank of Maharashtra to raise up to INR 1,000 crore via a share sale during Q4, says its Managing Director.
- The Bank of Maharashtra (Mahabank) reported a 138% increase in its Profit After Tax for Q3 of the financial year 2022-2023.
If you want to purchase the shares of the Bank of Maharashtra in India, you will first need to open your own Demat account with a stockbroker. Once you have opened the account, you can transfer funds into your account and then buy Bank of Maharashtra shares. You can also buy Bank of Maharashtra shares through an online broker or through a mutual fund. Some online trading platforms are also available that allow you to buy Bank of Maharashtra shares without a broker like Upstox and Zerodha.
Bank of Maharashtra Price Prediction 2023-2030
Bank of Maharashtra’s Price Target for 2023 is 46.53 INR
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Looking at the different policies and performance of the bank, it is expected that the MAHABANK share price would rise to Rs. 46.53 by the end of 2023. MAHABANK’s share price target for April 2023 is expected to be in the range of ₹28.61 to ₹20.01.
It is a company with a high Earning per share growth, with more than 125% YoY, it is currently 3.87 in May 2023. But, a point of worry arises when investors came to know that MFs decreased their shareholding in the last quarter. A decrease in NPA is also a good sign of growth in a company. The Price-to-Earning ratio decreased to 8.05 in May 2023 from 9.40 in May 2022, whereas the Price-to-Book ratio increased to 1.68 in May 2023 from 0.87 in May 2022.
Bank of Maharashtra Price Target 2024 is 65.14 INR
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The following year would be optimistic for the company as the prices will rise to Rs. 65.14 showing a growth of approx 40%. 2024 would be a good year for the bank.
Bank of Maharashtra Price Target 2025 is 79.02 INR
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Let us look at the target share prices for the Bank of Maharashtra (MAHABANK) for the year 2025. The Maharbank shares are expected to start trading at Rs.66 in January.
Over the next 11 months, there are bullish and bearish trends with the highest expected price being INR 79.02 in December and the lowest expected price being INR ₹45.85 in May.
From a technical analysis perspective, the highest increase in MAHABANK share price is expected to be 19.36% in November and the lowest decrease in price is expected to be 11.01% in April.
Thus, we can definitely say, the mid-point of this decade would be yet another great year for the bank as its share price will rise to a mark close to Rs. 80 by the end of 2025.
Bank of Maharashtra Price Prediction 2026-2030
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After reaching Rs. 79 in the last month of 2025, the market will fall continuously for 2 years and will fall as low as Rs. 32.91 in 2027. However, the share prices will close at Rs. 47.02 in 2027. In 2028, the bull run will take the prices to almost double and the prices will jump up to Rs. 84 by the end of 2028. 2029 yet again will be an optimistic year for the share price as it will grow by 105% and reach Rs 193.59 and could witness a spike and cross the mark of Rs 200 also.
Bank of Maharashtra Financial Condition: Last 5 years
|Profit before tax||-3,231.92||-4,763.24||398.84||571.47||1,153.43|
|Price to earning||-3.18||-0.79||13.00||23.88||9.74|
Bank of Maharashtra is looking to be set for an exciting future, with its share price expected to continue to rise in the coming years. This is due to the impressive progress the bank has made in its market share and asset base, as well as the economic reforms being implemented in India which will provide a boost to the banking sector. If you’re interested in investing in the Bank of Maharashtra, then now is a great time to do so!
It looks like the Bank of Maharashtra is in a great position to finish the decade on a high, with its share price expected to reach Rs. 200 in the year 2030. The clear reason is the strong economic activity in the country, as well as the increased capital inflows into the country, which will help drive demand for banking services and therefore increase the bank’s share price.
Yes, the Bank of Maharashtra’s share price is expected to reach a target of Rs. 200 in the year 2030. This is due to the fact that the bank is likely to benefit from the increased economic activity in the country, as well as the increased capital inflows in the country. Furthermore, the bank is expected to benefit from the increased demand for banking services, which will lead to an increase in its share price.
According to our share price prediction, MAHABANK shares could be trading between Rs.45.85 and Rs.79.02
According to our stock price prediction, MAHABANK shares could be trading in between ₹193.59 as the maximum and ₹135.52 as the minimum share price.
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Conclusion: Can MAHABANK reach 100INR?
In conclusion, the Bank of Maharashtra is expected to see its share price rise in the coming years, with a target of close to Rs. 200 in 2030. The bank is also expected to reach Rs.100 per share by 2029. Thanks to the country’s financial economic activity, as well as the increased capital inflows into the country, which will help drive demand for banking services and result in an increase in Mahabank’s share price. This makes now a great time to invest in the Bank of Maharashtra.
What did we learn?
- 1 MAHABANK Stock History
- 2 Bank of Maharashtra in recent news
- 3 How to buy Bank of Maharashtra shares in India?
- 4 Bank of Maharashtra Price Prediction 2023-2030
- 5 Bank of Maharashtra Financial Condition: Last 5 years
- 6 FAQs
- 7 Conclusion: Can MAHABANK reach 100INR?