New Delhi: Shares of Bank of Maharashtra (BoM) on Monday climbed over 1 per cent after the company posted a 72 per cent jump in net profit for the September quarter. The stock advanced 1.26 per cent to settle at Rs 47.42 apiece on the BSE.
During the day, it climbed 2.49 per cent to Rs 48. On the NSE, it gained 1.38 per cent to end at Rs 47.45 per piece. In volume terms, 48.35 lakh shares of the company were traded on the BSE and over 4.94 crore shares on the NSE during the day. Bank of Maharashtra on Monday posted a 72 per cent jump in net profit at Rs 920 crore for the September quarter, aided by a decline in bad loans and a rise in interest income.
The lender had reported a standalone profit of Rs 535 crore in the year-ago period. Total income increased to Rs 5,796 crore during the quarter under review, against Rs 4,317 crore in the same period last year, BoM said in a regulatory filing.
