{"id":110122,"date":"2023-09-15T13:53:43","date_gmt":"2023-09-15T08:23:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110122"},"modified":"2023-09-15T13:53:49","modified_gmt":"2023-09-15T08:23:49","slug":"multibagger-bank-stock-reached-52-week-high-after-it-accepts-bids-for-debentures","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-bank-stock-reached-52-week-high-after-it-accepts-bids-for-debentures\/","title":{"rendered":"Multibagger Bank stock reached 52-week high after it accepts bids for debentures"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2158998966\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This mid cap banking stock reached its 52- week high in the market today after the bank accepted bids for its Tier- II bonds worth Rs. 515 crore at a coupon rate of 7.98%.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3192124353\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Share price of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MAHABANK\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Bank of Maharashtra<\/a><\/strong> opened at Rs. 44 levels and gained 5% to reach its 52- week high of Rs. 46.15 per share. The stock has given a multibagger return of 136.93% in the last one year and 258.78% in the last three years.<\/p><p>On 14 Sep 2023, the bank received bids worth Rs. 760 crore and accepted Rs. 515 crore at a coupon rate of 7.98% for Unsecured, subordinated, redeemable, Non-convertible, Taxable, Fully Paid up, BASEL III Compliant Tier II Bonds (Series VI) in the nature of Debentures. <\/p><p>The face value of the bond stands at Rs. 1 crore. The call option can be exercised after five years from date of allotment and on every anniversary thereafter with prior approval of RBI. The deemed date of allotment is set as 18 Sep 2023. These securities are redeemable after 120 months from the Deemed Date of Allotment.<\/p><div class=\"trade-content_5\" id=\"trade-4222745873\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>It has a market capitalization of Rs. 31,101 crore. Comparing its financial performance on a QoQ basis, the company has recorded a revenue of Rs. 5417.87 crore in Q1FY24, up by 2% from Rs. 5317.06 crore in Q4FY23. <\/p><p>Its net profit of Rs. 839.93 crore in Q4FY23 increased 5.09% to Rs. 882.49 crore in Q1FY24. The company maintains a low price to earnings ratio of 10.25 against its industry average price to earnings ratio of 11.46<\/p><p>Bank of Maharashtra Limited which is under the ownership of Ministry of Finance under Government of India is a public sector bank. It offers personal banking, retail loans, cash management, and other financial services. The bank has more than 20 million customers all across the country. It was established in 1935 and later nationalised in 1969.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Bhumika Khandelwal<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2447119107\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This mid cap banking stock reached its 52- week high in the market today after the bank accepted bids for its Tier- II bonds worth Rs. 515 crore at a coupon rate of 7.98%. Share price of Bank of Maharashtra opened at Rs. 44 levels and gained 5% to reach its 52- week high of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":45293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12190,11096,11095,948,936],"class_list":["post-110122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bank-of-maharashtra-bonds-2023","tag-bank-of-maharashtra-latest-news","tag-bank-of-maharashtra-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger Bank stock reached 52-week high after it accepts bids for debentures - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This mid cap banking stock reached its 52- week high in the market today after the bank accepted bids for its Tier- II bonds worth Rs. 515 crore at a coupon rate of 7.98%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/multibagger-bank-stock-reached-52-week-high-after-it-accepts-bids-for-debentures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger Bank stock reached 52-week high after it accepts bids for debentures\" \/>\n<meta property=\"og:description\" content=\"This mid cap banking stock reached its 52- week high in the market today after the bank accepted bids for its Tier- II bonds worth Rs. 515 crore at a coupon rate of 7.98%.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/multibagger-bank-stock-reached-52-week-high-after-it-accepts-bids-for-debentures\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-15T08:23:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-15T08:23:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/markets-120-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/multibagger-bank-stock-reached-52-week-high-after-it-accepts-bids-for-debentures\/\",\"url\":\"https:\/\/tradebrains.in\/features\/multibagger-bank-stock-reached-52-week-high-after-it-accepts-bids-for-debentures\/\",\"name\":\"Multibagger Bank stock reached 52-week high after it accepts bids for debentures - 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