Bank of Maharashtra gains on Q2, Analysts flag breakout ahead
Bank of Maharashtra shares jumped 5% on Wednesday after the lender reported a strong Q2 showing, with net profit rising 23% year-on-year to ₹1,633 crore. Analysts say the bank's disciplined cost management, robust income growth, and steady expansion in retail and MSME loans are driving profitability, while technical charts suggest a potential breakout above ₹57.50.