Bank of Maharashtra Faces Continued Decline Amid Broader Market Challenges

Jan 22 2025 09:45 AM IST
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Bank of Maharashtra experienced a decline on January 22, 2025, continuing a downward trend with a notable drop over the past two days. The stock is trading below multiple moving averages and has seen a significant decline over the last month, contrasting with the broader market index.
Bank of Maharashtra has seen a decline of 3.76% on January 22, 2025, continuing a downward trend with a total drop of 4.28% over the past two days. The stock underperformed its sector by 2.12%, reaching an intraday low of Rs 49.55, which reflects a decrease of 3.47%.

Currently, Bank of Maharashtra is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the last month, the stock has declined by 9.29%, contrasting with a decrease of 2.53% in the broader Sensex index. Investors may want to keep a close watch on the stock as it faces these challenging market conditions.
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