Sunday, January 3, 2016

Bank of Maharashtra @ 32.35

1. Bank of Maharashtra is a 10 rupee face value Public sector bank company. 

2. Year high of Bank of Maharashtra is 45.60 year low was 31.30 and stock traded at 32.35, Year high/ low ratio is below 2 , and stock available near year low so this is the best time to buy this stock at a cheap valuation., 
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3. Promoters of Bank of Maharashtra hold 79.80 %FII hold 0.34 % and DII hold 14.40%.
General public holding is very low in this bank,  so when banking stock start performing again than this stock may outperform the sector because demand from general public is rise and due to low general public holding price of  this stock easily enter in a bull zone.
4. Here is the past dividend history of Bank of Maharashtra stock:- 
EX DatePurpose
12/06/2015Final Dividend 1.50
20/06/2014Final Dividend 1.00
28/01/2014Interim Dividend 1.00
21/06/2013Dividend 2.50
22/06/2012Dividend 2.50
5. Base price of Bank of Maharashtra is 42.00 So Current market price is near 25% below than base price. Bank of Maharashtra is a part of S&P BSE 500 companies. 
Click here to download last 3 year closing price with graph
6. No any bonus issue right issue and bulk deals is recorded in last 2 year. 
7. Bank of Maharashtra net sale per share of Fy 14-15 is 119.12.Net sale per share 119.12 is very attractive, although all banking stock is currently traded below his net sale per share but in my view only Vijaya Bank and Bank of Maharashtra is best buy because equity capital of these two banks are not diluted (increased) by govt of india. 
8. Book value of Bank of Maharashtra is 62.92 CMP is 50% below from book value so in book value concept this stock is a value buy. 
9. Overall Bank of Maharashtra is a good value buy due to high book value 62.92, High base price 42.00 and High net sale per share 119.12 I think CMP 32.35 is very attractive for long term (1 to 2 year view) .
10. 200 DMA of Bank of Maharashtra is 35.70. So  bank of maharashatra is trading below his 200 DMA but once this stock cross price of 36 then it is rocking, long term holders advised to buy at CMP but traders advised to buy this stock when it cross 36. 
11. My recent updates :- Buy Vijay Shanthi Builders Ltd 

12. Disclaimer:- This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report”. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time.The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please read full disclaimer at the bottom of my blog. 

13.Discloser:- I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not hold any share of Bank of Maharashtra so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( Bank of Maharashtra). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not received any type of compensation from the subject company(Bank of Maharashtra) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( Bank of Maharashtra). 6. I have been not engaged in market making activity for the subject company (Bank of Maharashtra).

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disclaimer:-Trading in stock market is very risky. This website is not perfect. This is not an advisory service to buy or sell. The contents of “maheshkaushik.com” are only for educational purposes. No liability is accepted for any content in “www.maheshkaushik.com”. Subject to pindwara(india) jurisdiction only. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice.. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, author of this website is not a trend technical analyst.