{"id":111104,"date":"2023-10-04T11:35:38","date_gmt":"2023-10-04T06:05:38","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111104"},"modified":"2023-10-04T11:35:43","modified_gmt":"2023-10-04T06:05:43","slug":"bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/","title":{"rendered":"Bank stock jumps up to 4.5% after company announces business updates for Q2; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1293283262\"><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>On Wednesday this bank announced the business updates for Q2 and following that the stock gains more than 4.5%. Currently, the stock is trading 4.4% away from the 52-week high and above the 50-day and 200-day moving averages.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-103412158\"><!-- 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><h4 class=\"wp-block-heading\" id=\"h-bank-of-maharashtra\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MAHABANK\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Bank of Maharashtra<\/a><\/strong><\/h4><p>Bank of Maharashtra company has a market capitalization of Rs. 35,371 Cr making it a mid-cap company. On Wednesday the stock climbed over 4.5%, at 11:20 a.m., shares were trading 0.4% up at Rs. 49.70 on NSE.<\/p><p>According to the company filing, Total deposits grew by 22.19% from Rs. 1,95,849 Cr in Q2 FY23 to Rs. 2,39,306 Cr in Q2 FY24, CASA deposits increased by 10.11% from Rs. 1,10,205 Cr in Q2 FY23 to Rs. 1,21,345 Cr Q2 FY24 and for the same period Gross advances rose by 23.55% from Rs. 1,48,216 Cr to Rs. 1,83,113 Cr.<\/p><p>The stock has given 177% returns to the investors in one year, therefore making an investment of 1 lakh one year ago now would be worth Rs. 2.77 lakhs.<\/p><div class=\"trade-content_5\" id=\"trade-1854750971\"><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>Total revenues of the company grew by % from Rs. Cr in Q1 FY23 to Rs. Cr in Q1 FY24 and for the same period net profits increased by % from Rs. Cr to Rs. Cr.<\/p><p>As of June 2023, Promoters hold 86.46%, FIIs hold 0.68%, DIIs hold 6.43% and the public hold a 6.43% stake in the company.<\/p><p>The Bank of Maharastra provides banking products and services. The company offers a wide range of deposit options, including savings accounts, current accounts, term deposits, and capital gain accounts. It also offers credit services such as term loans, overdrafts, letters of credit, guarantees, and other types of credit.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sheshadri N<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><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-1523769438\"><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>On Wednesday this bank announced the business updates for Q2 and following that the stock gains more than 4.5%. Currently, the stock is trading 4.4% away from the 52-week high and above the 50-day and 200-day moving averages. Bank of Maharashtra Bank of Maharashtra company has a market capitalization of Rs. 35,371 Cr making it [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":80183,"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":[12747,11096,11095,948,936,12746],"class_list":["post-111104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bank-of-maharashtra-business-updates","tag-bank-of-maharashtra-latest-news","tag-bank-of-maharashtra-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-bank-of-maharashtra-share-going-up"],"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>Bank stock jumps up to 4.5% after company announces business updates for Q2; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Wednesday this bank announced the business updates for Q2 and following that the stock gains more than 4.5%. Currently, the stock is trading 4.4% away from the 52-week high and above the 50-day and 200-day moving averages.\" \/>\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\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank stock jumps up to 4.5% after company announces business updates for Q2; Check the details\" \/>\n<meta property=\"og:description\" content=\"On Wednesday this bank announced the business updates for Q2 and following that the stock gains more than 4.5%. Currently, the stock is trading 4.4% away from the 52-week high and above the 50-day and 200-day moving averages.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/\" \/>\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=\"2023-10-04T06:05:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-04T06:05:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/12\/bank-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\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/\",\"url\":\"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/\",\"name\":\"Bank stock jumps up to 4.5% after company announces business updates for Q2; Check the details - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/12\/bank-cover-image.jpg\",\"datePublished\":\"2023-10-04T06:05:38+00:00\",\"dateModified\":\"2023-10-04T06:05:43+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"On Wednesday this bank announced the business updates for Q2 and following that the stock gains more than 4.5%. Currently, the stock is trading 4.4% away from the 52-week high and above the 50-day and 200-day moving averages.\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/12\/bank-cover-image.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/12\/bank-cover-image.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bank stock jumps up to 4.5% after company announces business updates for Q2; Check the details\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bank stock jumps up to 4.5% after company announces business updates for Q2; Check the details - Trade Brains Features","description":"On Wednesday this bank announced the business updates for Q2 and following that the stock gains more than 4.5%. Currently, the stock is trading 4.4% away from the 52-week high and above the 50-day and 200-day moving averages.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/","og_locale":"en_US","og_type":"article","og_title":"Bank stock jumps up to 4.5% after company announces business updates for Q2; Check the details","og_description":"On Wednesday this bank announced the business updates for Q2 and following that the stock gains more than 4.5%. Currently, the stock is trading 4.4% away from the 52-week high and above the 50-day and 200-day moving averages.","og_url":"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-10-04T06:05:38+00:00","article_modified_time":"2023-10-04T06:05:43+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/12\/bank-cover-image.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/","url":"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/","name":"Bank stock jumps up to 4.5% after company announces business updates for Q2; Check the details - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/12\/bank-cover-image.jpg","datePublished":"2023-10-04T06:05:38+00:00","dateModified":"2023-10-04T06:05:43+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"On Wednesday this bank announced the business updates for Q2 and following that the stock gains more than 4.5%. Currently, the stock is trading 4.4% away from the 52-week high and above the 50-day and 200-day moving averages.","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/12\/bank-cover-image.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/12\/bank-cover-image.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/bank-stock-jumps-up-to-4-5-after-company-announces-business-updates-for-q2-check-the-details\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Bank stock jumps up to 4.5% after company announces business updates for Q2; Check the details"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/111104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=111104"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/111104\/revisions"}],"predecessor-version":[{"id":111105,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/111104\/revisions\/111105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/80183"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=111104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=111104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=111104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}