NSE: MAHABANK · 27 October 2026
- Bank of Maharashtra (MAHABANK) shares advanced 2.82% today, trading near the upper end of their intraday range between ₹76.61 and ₹80.50 after opening at ₹70.04.
- Bank of Maharashtra submitted its financial results for the quarter and half-year ended September 30, 2026, to the exchanges. Total global business grew by 25.16% year-on-year to ₹7,05,766 crore, while net profit rose 41.42% year-on-year to ₹2,310 crore. Asset quality improved further, with gross NPA declining to 1.25% and net NPA reducing to 0.12%.
- Trading volume was 2.48 times the 20-day average daily volume.
Why is Bank Of Maharashtra share price rising on 27 October 2026?
Bank of Maharashtra (MAHABANK) shares advanced 2.82% today, trading near the upper end of their intraday range between ₹76.61 and ₹80.50 after opening at ₹70.04.
The broader market benchmark Nifty edged down by 0.02% during the session. The stock's upward move occurred against a backdrop of negative short-term momentum, with a 5-day return of -3.32% and a 20-day return of -7.79%, indicating a technical recovery from recent lows.
The move follows the recent release of the bank's financial results for the quarter and half-year ended September 30, 2026, which reported a 41.42% year-on-year increase in net profit to ₹2,310 crore and a gross NPA ratio improving to 1.25%. While the earnings report provided ongoing fundamental context, market participants weighed the financial performance alongside broader sector trends.
3.52 crore shares traded by 27 October 2026 · 02:55 PM IST. This compares with a 20-day average daily volume of 1.42 crore shares (2.48 times). The five-day average daily volume was 1.39 crore shares. Separately, the NSE report for 26 October 2026 showed 51.12 lakh shares delivered, representing 37.09% of that day’s traded volume. The same report recorded 57,062 trades.
The stock gained 2.82% on higher-than-average volume of 2.48 times its 20-day average, appearing to stage a recovery after consecutive negative returns over the past 5 and 20 trading days.
Latest Company Developments
Bank of Maharashtra submitted its financial results for the quarter and half-year ended September 30, 2026, to the exchanges. Total global business grew by 25.16% year-on-year to ₹7,05,766 crore, while net profit rose 41.42% year-on-year to ₹2,310 crore. Asset quality improved further, with gross NPA declining to 1.25% and net NPA reducing to 0.12%.
Provides a comprehensive view of the bank's operational scale, profitability growth, and balance sheet strength.
The bank announced the designation of Shri Devdatta Rokade, Chief General Manager, as the Chief Compliance Officer effective October 1, 2026. This follows earlier intimations regarding the transition of compliance leadership.
Ensures regulatory continuity and governance oversight at the senior management level.
The bank informed exchanges that GlobeTrend Climate Impact Pvt. Ltd. assigned an ESG rating of 74.7 out of 100 based on a review concluded on October 8, 2026. Disclosure levels across environmental, social, and governance pillars exceeded 90%.
Highlights institutional evaluation of the bank's environmental, social, and governance practices.
a press release dated October 26, 2026, titled "Press release on the financial results for the quarter and half year ended 30.09.2026".
Bank of Maharashtra has submitted to the Exchange, the financial results for the period ended 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 Sumeet Bagadia recommended the PSU bank stock for short-term gains as a festival pick.
Analyst Ruchit Jain suggested the stock for short-term accumulation.
What to Watch Next
- Sustained delivery volumes above the 37.09% recorded today
- Execution of credit growth targets across RAM (Retail, Agri, MSME) sectors
- Movement in gross and net NPA ratios in upcoming quarters
- Adherence to management guidance on Net Interest Margins
Other Dated Coverage
- 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
- Bank Of Maharashtra Share Price Today: Why MAHABANK Is Falling 1.37% | 21 October 2026 — 21 October 2026
More Bank Of Maharashtra news and dated analysis →
Frequently Asked Questions
What is the latest Bank Of Maharashtra company news?
Bank of Maharashtra submitted its financial results for the quarter and half-year ended September 30, 2026, to the exchanges. Total global business grew by 25.16% year-on-year to ₹7,05,766 crore, while net profit rose 41.42% year-on-year to ₹2,310 crore. Asset quality improved further, with gross NPA declining to 1.25% and net NPA reducing to 0.12%.
How strong was Bank Of Maharashtra’s trading volume?
3.52 crore shares traded, 2.48 times the 20-day average daily volume. The price and volume data are dated 27 October 2026 · 02:55 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.