In a recent discussion with ET Now, Mayuresh Joshi, Head Equity, Marketsmith India shed light on his views across banking, infrastructure, and paint sectors, emphasizing selective investment strategies amid evolving market dynamics. When asked about the ongoing debate around private banks versus public sector banks (PSBs) and the government’s recent disinvestment in Bank of Maharashtra, … Read more
The government on Tuesday decided to exercise green shoe option with clear intention to divest 6 per cent stake in Bank of Maharashtra (BoM) through offer-for-sale following overwhelming response from investors on the first day of subscription. The OFS of BoM opened for subscription earlier on Tuesday for non-retail investors at a floor price of … Read more
The latest auto sales numbers have left investors optimistic, as industry experts point to strong growth driven by recent GST cuts. Dipan Mehta, Director, Elixir Equities, said, “Great set of numbers coming through from the auto industry and clearly the GST cuts have benefited auto volumes across the board and more importantly the managements are … Read more
Shares of Bank of Maharashtra gained as much as 4.3% to their day’s high of Rs 57.40 on the NSE on October 15 after the lender reported a 23% on-year rise in net profit at Rs 1,633 crore during the September quarter, with Net Interest Income (NII) up 15.71% on-year to Rs 3,248 crore. Operating … Read more
State-run Bank of Maharashtra on Tuesday reported a net profit of Rs 1,593 crore for the quarter ended June 2025, marking a 23%year-on-year growth from Rs 1,293.68 crore in the year-ago period. The lender reported a total income of Rs 7,879.18 crore for the April-June quarter, a 16% jump from Rs 6,768.76 crore in the … Read more
The stock had been in a consolidation phase for the past four years, with the 750–760 zone acting as a strong resistance on two prior occasions. This key hurdle has now been decisively breached, confirming a long-term breakout. Volume analysis supports the move, as strong buying interest is evident during upswings, while downswings are accompanied … Read more
Stocks of public sector banks have had a lackluster run on Dalal Street in 2025 so far, significantly underperforming not just private banks but also the broader Nifty, with some falling by up to 40%. With the tailwinds of lower interest rates, the RBI’s accommodative stance, and decent earnings, can PSU banks engineer a comeback? … Read more
Fixed Depsit rates: In December 2024, several banks, including Federal Bank, Karnataka Bank, Equitas Small Finance Bank, RBL Bank, and Bank of Maharashtra, changed their fixed deposit interest rates. These changes have implications for the general public’s and senior citizens’ savings. One of the most widely chosen investment options is a fixed deposit, where an individual deposits … Read more
ETMarkets analysis shows that five BSE 500 stocks have seen consistent price, trading volume, and delivery volume increases over the past three sessions, indicating strong investor interest. Source link
MUMBAI – Private banks, which have always been the favourites of institutional investors, lost the spot to public sector banks who are touching the sky riding on retail bulls. So far in 2024, all public sector banks have given double-digit returns to investors. On the contrary, private sector banks have seen single to double-digit fall … Read more