India's Bank of Maharashtra rises after upbeat Q1 results
15/07/2024 09:19
** Shares of Bank of Maharashtra BMBK.NS up 5.4% at 68.60
rupees
** Lender reported 46.6% YoY climb in June-qtr net profit
and an improvement in non-performing assets
** Gross non-performing assets as percentage of total loans
improved to 1.85% from 2.28% prev qtr
** Trading volume 2.2x the 30-day moving average
** Stock up ~52% YTD, set for fifth straight annual gain
** BMBK second biggest YTD pct gainer on PSU bank index
.NIFTYPSU , which has gained ~30% this year
(Reporting by Kashish Tandon in Bengaluru)
((kashish.tandon@thomsonreuters.com))
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