The stock touched a low of Rs 25.30, down 3.5% from the day's high. It finally ended up 3.5% at Rs 25.55. The counter clocked relatively heavy volumes of 1.43 million shares as against the two-week daily traded average of 331,756.
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Bank of Maharashtra has surged on the back of good Q4 numbers.
The stock opened at Rs 25.95 and went up to Rs 26.20, up 6%. The stock is now at Rs 26. In the process the stock has advanced 7% in a week. The counter has witnessed relatively heavy trading volumes of 529,807 so far, as against the two-week daily traded average of 331,756 shares.
According to a release issued by the bank to the BSE, the net profit has more-than doubled (145%) to Rs 137.33 crore in the quarter ended March 31, 2009 from Rs 55.99 crore in the corresponding quarter a year ago. The total income has increased 26% to Rs 1,321.92 crore in Q4FY09 from Rs 1,049.11 crore in Q4FY08.
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