Bank of Maharashtra (BoM), one of the leading public sector banks in India, rised on Thursday after the base rate of the bank is increased by 15 bps from 10.25% p.a. to 10.40% p.a. on monthly compounding basis, with effect from Apr. 21, 2014.
Shares of the bank are trading at Rs 38.30, up Rs 0.75, or 2% at the Bombay Stock Exchange (BSE) on Thursday at 11:28 a.m.
The scrip has touched an intra-day high of Rs 39 and low of Rs 37.85. The total volume of shares traded at the BSE is 43,816.
In the earlier session, the shares fell 2.47%, or Rs 0.95, at Rs 37.55. Currently, the stock is trading down 38.87% from its 52-week high of Rs 62.65 and above 31.62% over the 52-week low of Rs 29.10.