Bank of Maharashtra | Not Bank of Maharashtra FD, Bank of Maharashtra share will give 42% return in 1 year – NSE: MAHABANK
Bank of Maharashtra | 7.75 percent for senior citizens in special FD of Bank of Maharashtra (NSE: MAHABANK) The interest rate is Rs. On an investment of Rs 7.50 lakh, the general public will get approximately Rs 68,501 as interest and approximately Rs 8,18,501. However, Bank of Maharashtra shares can make investors rich. Interestingly, the Bank of Maharashtra share price is only Rs 52. (Bank of Maharashtra Company Excerpt)
You can get 42% return on investment in 9 to 12 months.
If you want to make investments related to Bank of Maharashtra then this news is very beneficial. Bank of Maharashtra has around 2500 branches across the country. The bank has been performing well for the last three years. The financial results of Bank of Maharashtra in the second quarter have also been good. There has been an increase in NIM and NII. Shares of Bank of Maharashtra are trading around Rs 52.27 yesterday. Experts have given a target price of Rs 72 for Bank of Maharashtra share. Interestingly, there are indications on the technical charts that a 42% return on investment could be achieved in just 9 to 12 months. On Thursday (21 November 2024), the stock was trading at Rs 51.4, down 1.95%.
Bank of Maharashtra's financial position is strong
Meanwhile the Nifty PSU Bank index which is a component of Bank of Maharashtra has gained about 0.21% in the last one month and the Nifty PSU Bank index is currently up 0.79% at 6534.75. Bank of Maharashtra stock saw 64.96 lakh shares traded today, compared to the daily average of 154.41 lakh shares in the last one month.
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