NSE: MAHABANK · 9 November 2026
- Bank Of Maharashtra has risen 10.14% over 3 trading sessions; today's move is +1.74%.
- CRISIL Ratings Limited reaffirmed its credit ratings on the bank's securities, specifically maintaining the CRISIL A1+ rating on a rated certificate of deposit amount of ₹20,000 crore. The formal rating rationale was communicated to stock exchanges pursuant to SEBI listing regulations.
- Trading volume was 1.62 times the 20-day average daily volume.
Bank Of Maharashtra share price: 10.14% rise over 3 trading sessions
Bank of Maharashtra (MAHABANK) shares advanced 1.74% on Monday, closing at ₹87.68 compared to its previous close of ₹86.18. The stock opened at ₹85.86, dipped to a intraday low matching the open, and rose to a high of ₹88.12 during the trading session.
In broader market context, the stock's positive momentum unfolded against a relatively flat benchmark, as the Nifty rose marginally by 0.06%. Bank of Maharashtra has exhibited robust short-term strength, recording an 11.00% return over the past 5 trading days and a 5.44% gain over the past 20 trading days, outpacing the wider market trend.
While no single specific corporate announcement was made directly on the trading day to trigger the upmove, the recent operational backdrop reflects strong second-quarter performance figures from late October. For the quarter ended September 30, 2026, the bank reported a 41.42% year-on-year jump in net profit to ₹2,310 crore and a 29.61% growth in gross global advances to ₹3,29,359 crore, backed by steady asset quality improvements where gross NPA moderated to 1.25%.
2.59 crore shares traded by 9 November 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 1.60 crore shares (1.62 times). The five-day average daily volume was 1.84 crore shares. Separately, the NSE report for 9 November 2026 showed 1.09 crore shares delivered, representing 41.97% of that day’s traded volume. The same report recorded 85,773 trades.
The stock moved higher by 1.74% on above-average volume and solid delivery participation, extending its recent 5-day rally of 11.00%. In the absence of a same-day news catalyst, the price action appears consistent with ongoing buying interest and momentum following strong quarterly financial results announced late last month.
Latest Company Developments
CRISIL Ratings Limited reaffirmed its credit ratings on the bank's securities, specifically maintaining the CRISIL A1+ rating on a rated certificate of deposit amount of ₹20,000 crore. The formal rating rationale was communicated to stock exchanges pursuant to SEBI listing regulations.
Reaffirmation of top-tier short-term ratings underpins the bank's strong credit profile and borrowing cost efficiency.
Shri Dinkar Sankpal ceased to serve as the Chief General Manager of the bank effective from the close of working hours on October 31, 2026, upon attaining superannuation. The bank formally notified the stock exchanges regarding this senior management transition.
Senior management changes are key administrative updates that mark routine corporate transitions within the organization.
The bank announced a review of its Marginal Cost of Funds Based Lending Rates (MCLR), reducing select tenors effective October 31, 2026. The overnight rate was revised to 6.95%, the one-month rate to 7.80%, the three-month rate to 8.35%, and the six-month rate to 8.65%, while the one-year rate remained unchanged at 9.05%.
Adjustments to benchmark lending rates influence the bank's loan pricing structures and credit off-take dynamics.
a press release dated October 26, 2026, titled "Press release on the financial results for the quarter and half year ended 30.09.2026".
Superannuation of Mr Amit Srivastava as Chief Vigilance Officer of the Bank effective. September 30, 2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 6.78% on 30 September 2026. This compares with 6.76% on 30 June 2026, a change of +0.02 percentage points.
The filing reported 36 MF/UTI holders.
Research & Brokerage Views
Analyst Ruchit Jain suggested Bank of Maharashtra shares as a buy recommendation for short-term trading horizons.
What to Watch Next
- Sustained delivery volumes and participation relative to the 20-day average volume
- Credit growth trends across retail, agriculture, and MSME (RAM) segments
- Movement in asset quality metrics and provision coverage ratios
- Loan portfolio deployment following recent MCLR rate revisions
Other Dated Coverage
- Bank Of Maharashtra Share Price Today: Why MAHABANK Is Rising 5.10% | 27 October 2026 — 27 October 2026
- Bank Of Maharashtra Share Price Today: Why MAHABANK Is Rising 1.06% | 26 October 2026 — 26 October 2026
- Bank Of Maharashtra Share Price Today: Why MAHABANK Is Falling 4.03% | 23 October 2026 — 23 October 2026
More Bank Of Maharashtra news and dated analysis →
Frequently Asked Questions
What is the latest Bank Of Maharashtra company news?
CRISIL Ratings Limited reaffirmed its credit ratings on the bank's securities, specifically maintaining the CRISIL A1+ rating on a rated certificate of deposit amount of ₹20,000 crore. The formal rating rationale was communicated to stock exchanges pursuant to SEBI listing regulations.
How strong was Bank Of Maharashtra’s trading volume?
2.59 crore shares traded, 1.62 times the 20-day average daily volume. The price and volume data are dated 9 November 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.