One of the top public sector banks in India, The Bank of Maharashtra provides a variety of banking and financial services to its clients. The bank has managed to establish itself as a reputable name in the Indian banking business thanks to a significant presence in both urban and rural locations.
Investors always try to forecast how the stock of the Bank of Maharashtra will do in the future, just like with any publicly listed company. In this article, we will examine the bank’s share price performance over the previous few years in further detail and use that data to forecast where the stock may go in the upcoming years.
We will examine the Bank of Maharashtra share price target in particular.
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BOM IN RECENT NEWS
- A former AGM of 74 years and eight others have been sentenced to three years of rigorous imprisonment and a fine of Rs 5.1 crore in connection with a fraud case involving Bank of Maharashtra.
- Bank of Maharashtra’s stock price saw a 3.5% increase following a positive business update and the RBI’s decision to pause on rate hikes.
- In Q4, Bank of Maharashtra experienced a loan growth of 30% and reached a total business value of over Rs 4 lakh crore.
BOM SHARE PRICE TARGET 2023
|BOM SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
The Bank of Maharashtra share price target for 2023 seems to be quite volatile. The stock is expected to have a maximum price of ₹42.53 and a minimum price of ₹16.76, with significant fluctuations throughout the year.
In April and June, the stock is expected to reach a maximum price of ₹26.15, while in May, it is expected to reach a minimum price of ₹16.76. However, the stock is expected to recover in July, with a maximum price of ₹31.38. The stock’s upward trend is then set to continue, with a maximum price of ₹37.97 in November and ₹42.53 in December.
BOM SHARE PRICE TARGET 2024
|BOM SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
The Bank of Maharashtra share price target for 2024 appears to show a slightly more stable trend than in 2023. However, there are still fluctuations throughout the year, with the stock expected to have a maximum price of ₹59.54 and a minimum price of ₹30.85.
In January, the stock is expected to reach its highest point for the year, with a maximum price of ₹44.76, before dropping to a minimum of ₹37.02 in April and May. The stock is then expected to rise again, with a maximum price of ₹58.37 in November, followed by a slight decrease in December.
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BOM SHARE PRICE TARGET 2025
|BOM SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
In January 2025, Bank of Maharashtra is expected to have a maximum share price of ₹60.73 and a minimum share price of ₹46.71. Similarly, in February 2025, the maximum and minimum share prices are expected to be ₹63.93 and ₹49.17, respectively. The following month, in March 2025, the maximum and minimum share prices are expected to be ₹67.12 and ₹51.63, respectively. In April 2025, the maximum and minimum share prices are expected to be ₹59.93 and ₹46.10, respectively. The trend continues in the subsequent months of the year, with fluctuations in share prices between maximum and minimum values.
BOM SHARE PRICE TARGET 2026 TO 2030
|BOM SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
Based on the historical trend analysis of Bank of Maharashtra’s stock performance, it is expected that the share price target for the year 2026 would be between ₹35.39 and ₹50.55. In the following year, i.e., 2027, the share price is expected to be in the range of ₹30.08 and ₹42.97. Moving forward, in the year 2028, the share price is expected to increase significantly, with a maximum of ₹77.35 and a minimum of ₹54.14. In 2029, the trend is expected to continue with a maximum share price target of ₹158.89 and a minimum of ₹111.22. Finally, in the year 2030, it is expected that the maximum share price target will be ₹176.94, and the minimum will be ₹123.86. However, it is important to note that these predictions are based on historical data, and there can be many external factors that can impact the actual stock performance.
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FINANCIAL STRENGTH OF BANK OF MAHARASHTRA (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Income Growth (%)||8.12||10.26||6.03||-1.88||-7.00|
|Provisions & Contingencies||3,696.54||3,407.66||2,458.75||6,981.83||3,337.30|
|Provisions & Contingencies Growth (%)||8.48||38.59||-64.78||109.21||4.30|
|Profit after Tax (PAT)||1,153.43||571.46||398.84||-4,763.25||-1,112.03|
|PAT Growth (%)||108.85||41.63||–||–||–|
|Net Interest Margin (%)||2.61||2.48||2.53||2.26||2.16|
|Net Profit Margin (%)||8.85||4.81||3.46||-43.90||-10.02|
|Basic EPS (₹)||1.73||0.91||0.69||-17.30||-4.27|
Bank of Maharashtra’s financial statement shows a steady growth in total income over the past five years, with a revenue growth rate ranging from -7.00% to 10.26%. However, the bank’s profit and loss statement has been volatile, with profit after tax (PAT) ranging from a negative value of -4,763.25 in FY 2019 to a high of 1,153.43 in FY 2022. The bank has shown a significant improvement in PAT growth rate from 41.63% in FY 2021 to 108.85% in FY 2022. The provisions and contingencies have also witnessed a considerable increase in FY 2019, with a growth rate of 109.21%. Bank of Maharashtra has maintained a consistent net interest margin (NIM) over the years, ranging from 2.16% to 2.61%, indicating that the bank has been successful in managing its funds. Overall, Bank of Maharashtra’s financial statement portrays a mixed picture of the bank’s performance over the years, with both maximum and minimum values observed in various parameters.
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What is the maximum share price target of Bank of Maharashtra in 2026?
The maximum share price target of Bank of Maharashtra in 2026 is Rs. 50.55
What is the maximum share price target of Bank of Maharashtra in 2027?
The maximum share price target of Bank of Maharashtra in 2027 is Rs. 42.97
What is the maximum share price target of Bank of Maharashtra in 2028?
The maximum share price target of Bank of Maharashtra in 2028 is Rs. 77.35
What is the maximum share price target of Bank of Maharashtra in 2029?
The maximum share price target of Bank of Maharashtra in 2029 is Rs. 158.89
What is the maximum share price target of Bank of Maharashtra in 2030?
The maximum share price target of Bank of Maharashtra in 2030 is Rs. 176.94
CONCLUSION: BANK OF MAHARASHTRA SHARE PRICE TARGET
The Bank of Maharashtra has clearly experienced significant development in terms of total income, PAT, and revenue growth, with a good trend in profit growth, according to the financial statements of the previous five years. The company’s financial performance has continuously increased, with average growth rates of 6.1% for total income and 65.2% for PAT. There is cause for concern given the rising trend in the provisions and contingencies. Both the bank’s net profit margin and net interest margin have increased over time. Overall, the shares of Bank of Maharashtra may be a decent investment opportunity given the significant rise in income and profitability, but it is always essential to conduct extensive research and get professional advice before making any decisions.
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