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.
MAHABANK Stock History
Tracing back to its history in April 2005, it opened for 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 because 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 31st January 2024, MAHABANK’s share price is trading at Rs.53.8 per share with a market cap of Rs.₹ 38,062 Crore.
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 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: 2024-2030
| When | Maximum Price | Minimum Price |
| January 2024 | ₹56.16 | ₹48.83 |
| February 2024 | ₹57.31 | ₹49.83 |
| March 2024 | ₹58.48 | ₹50.85 |
| April 2024 | ₹56.77 | ₹49.37 |
| May 2024 | ₹55.93 | ₹48.64 |
| June 2024 | ₹57.95 | ₹50.39 |
| July 2024 | ₹57.37 | ₹49.88 |
| August 2024 | ₹59.66 | ₹51.88 |
| September 2024 | ₹62.05 | ₹53.96 |
| October 2024 | ₹60.83 | ₹52.90 |
| November 2024 | ₹62.66 | ₹54.48 |
| December 2024 | ₹64.22 | ₹55.85 |
In 2024, Mahabank’s stock prices displayed fluctuations. January started at ₹56.16 (max) and ₹48.83 (min). February saw a slight increase to ₹57.31 (max) and ₹49.83 (min). March marked a peak with ₹58.48 (max) and ₹50.85 (min). April experienced a dip at ₹56.77 (max) and ₹49.37 (min).
May recorded ₹55.93 (max) and ₹48.64 (min), followed by a recovery in June at ₹57.95 (max) and ₹50.39 (min). July remained stable at ₹57.37 (max) and ₹49.88 (min). August surged to ₹59.66 (max) and ₹51.88 (min). September continued the positive trend at ₹62.05 (max) and ₹53.96 (min).
October slightly dipped to ₹60.83 (max) and ₹52.90 (min). November rebounded to₹ 62.66 (max) and ₹54.48 (min). December concluded with ₹64.22 (max) and ₹55.85 (min). The year showcased Mahabank’s resilience to market dynamics, offering investors a mix of peaks and troughs.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹61.32 | ₹47.17 |
| February 2025 | ₹62.89 | ₹48.38 |
| March 2025 | ₹65.34 | ₹50.26 |
| April 2025 | ₹64.06 | ₹49.28 |
| May 2025 | ₹62.20 | ₹47.84 |
| June 2025 | ₹64.99 | ₹50.00 |
| July 2025 | ₹63.72 | ₹49.02 |
| August 2025 | ₹65.69 | ₹50.53 |
| September 2025 | ₹67.99 | ₹52.30 |
| October 2025 | ₹69.76 | ₹53.66 |
| November 2025 | ₹71.50 | ₹55.00 |
| December 2025 | ₹73.29 | ₹56.38 |
In 2025, the Bank of Maharashtra’s stock price is anticipated to witness steady growth, with a positive trajectory throughout the year. Beginning in January at ₹61.32 (minimum ₹47.17), the projections ascend, reaching a pinnacle in December at ₹73.29 (minimum ₹56.38). These forecasts suggest a favorable outlook, highlighting potential investment opportunities and affirming investor confidence in the bank’s performance throughout 2025.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹76.95 | ₹53.87 |
| 2027 | ₹84.65 | ₹59.25 |
| 2028 | ₹118.51 | ₹59.25 |
| 2029 | ₹102.60 | ₹51.30 |
| 2030 | ₹133.39 | ₹93.37 |
Bank of Maharashtra’s price predictions for 2026-2030 indicate a positive outlook with anticipated growth. Starting in 2026, the stock is forecasted to reach a maximum of ₹76.95 and a minimum of ₹53.87, followed by successive increases.
The trend continues with projected maximum prices of ₹84.65 in 2027, ₹118.51 in 2028, ₹102.60 in 2029, and ₹133.39 in 2030. These predictions suggest potential opportunities for investors and underscore optimism about the bank’s future performance.
Bank of Maharashtra Financial Condition: Last 5 years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Revenue | 10,850 | 11,496 | 11,869 | 13,019 | 15,899 |
| Interest | 7,115 | 7,216 | 6,970 | 6,974 | 8,157 |
| Expenses | 9,825 | 5,330 | 6,788 | 7,278 | 7,157 |
| Fin. Profit | -6,090 | -1,050 | -1,889 | -1,233 | 584 |
| Other Income | 1,568 | 1,660 | 2,649 | 2,655 | 2,283 |
| Depreciation | 241 | 211 | 188 | 268 | 262 |
| PBT | -4,763 | 399 | 571 | 1,153 | 2,605 |
| Tax % | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -4,763 | 399 | 571 | 1,153 | 2,605 |
| EPS | -17.30 | 0.68 | 0.87 | 1.71 | 3.87 |
| Div Payout% | 0% | 0% | 0% | 29% | 34% |
Over the last five years, the Bank of Maharashtra’s financial condition has witnessed notable shifts. The revenue trajectory has demonstrated consistent growth, increasing from ₹10,850 crores in 2019 to ₹15,899 crores in 2023. However, challenges were encountered in the form of escalating interest and expense figures, reflecting the complex financial landscape. The financial profit, though negative in 2019, showed improvement over the years, reaching ₹584 crores in 2023.
Notably, the bank’s ability to generate additional income outside its core operations is evident in the steady rise of other income, reaching ₹2,283 crores.
Despite facing depreciation and operational challenges, the profit before tax (PBT) increased from -₹4,763 crores in 2019 to ₹2,605 crores in 2023. The bank maintained a consistent 0% tax rate throughout this period, contributing to a net profit growth from -₹4,763 crores to ₹2,605 crores. This positive trend is reflected in the earnings per share (EPS), improving from -₹17.30 in 2019 to ₹3.87 in 2023. Additionally, the bank’s dividend payout percentage increased from 0% in 2019 to 34% in 2023, showcasing confidence in financial stability and prospects.
FAQs
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!
The predicted maximum share price for the Bank of Maharashtra in 2030 is ₹133.39, while the minimum is projected to be ₹93.37, indicating potential growth and positive market sentiment.
Achieving a share price of Rs. 200 for the Bank of Maharashtra seems optimistic considering the gradual upward trajectory expected in the coming years.
Bank of Maharashtra’s share price target for December 2025 is projected to reach a maximum of ₹73.29 and a minimum of ₹56.38.
The Bank of Maharashtra’s share price target for 2030 is projected to reach a maximum of ₹133.39 and a minimum of ₹93.37.
Also read:
- Bank of Baroda share price target 2030
- Motherson Share Price Target 2025
- Exxaro Tiles share price target 2024 to 2030
Conclusion: Can MAHABANK reach 100 INR?
In conclusion, the Bank of Maharashtra exhibits promising signs of growth, supported by its positive trajectory in market share, asset base, and financial performance. The projected price targets for 2024-2030 indicate an optimistic outlook, with a maximum target of ₹133.39 by 2030.
While reaching ₹100 INR appears to be a conservative estimate given the upward trends, the bank’s consistent progress and strategic initiatives position it well for potential market appreciation. Investors are advised to closely monitor economic reforms, market dynamics, and the bank’s financial health for informed decision-making. Although uncertainties exist in predicting precise share values, the overall indications suggest favorable prospects for the Bank of Maharashtra in the coming years.
What did we learn?
- 1 MAHABANK Stock History
- 2 How to Purchase Bank of Maharashtra Shares in India?
- 3 Bank of Maharashtra Price Prediction: 2024-2030
- 4 Bank of Maharashtra Financial Condition: Last 5 years
- 5 FAQs
- 5.1 Will the Bank of Maharashtra Share Price grow in the coming years?
- 5.2 What would be the Bank of Maharashtra Share Price in 2030?
- 5.3 Can Bank of Maharashtra share prices reach Rs. 200?
- 5.4 What is MAHABANK’s Share price target for 2025?
- 5.5 What is the Bank of Maharashtra Share price target for 2030?
- 6 Conclusion: Can MAHABANK reach 100 INR?
Linkedin
