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F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comBank of Maharashtra Ltd is a leading public sector bank in India with a strong presence in retail, MSME, agriculture, and corporate banking. In recent years, the bank has shown visible improvement in asset quality, profitability, and balance sheet strength. Backed by high promoter holding and government support, Bank of Maharashtra has gradually regained investor confidence.
With improving fundamentals, stable dividend yield, and consistent growth in advances and deposits, Bank of Maharashtra Ltd is being closely tracked by long-term investors. In this article, we analyze the Bank of Maharashtra Ltd share price target from 2026 to 2030 based on current market data, business performance, banking sector outlook, and financial strength.
| Particulars | Value |
|---|---|
| Open | ₹56.33 |
| Previous Close | ₹56.38 |
| Day’s High | ₹57.42 |
| Day’s Low | ₹56.33 |
| VWAP | ₹57.06 |
| Market Capitalization | ₹44,080 Cr |
| Volume | 89,89,141 |
| Value (Lacs) | 5,151.68 |
| 52-Week High | ₹61.56 |
| 52-Week Low | ₹42.00 |
| All-Time High | ₹96.75 |
| All-Time Low | ₹8.00 |
| UC Limit | ₹67.65 |
| LC Limit | ₹45.11 |
| Face Value | ₹10 |
| Book Value Per Share | ₹34.86 |
| Dividend Yield | 2.62% |
| Beta | 1.13 |
| 20D Avg Volume | 2,37,49,638 |
| 20D Avg Delivery (%) | 52.66 |
Bank of Maharashtra is a government-owned public sector bank offering a wide range of financial services, including:
Retail and corporate banking
MSME and agricultural loans
Treasury operations
Digital banking and payment solutions
The bank has focused strongly on improving asset quality, reducing NPAs, and strengthening its capital position. Its conservative lending approach and improved credit discipline have supported steady earnings growth.
High promoter holding ensures stability and long-term support during economic cycles.
Consistent reduction in NPAs has strengthened investor confidence and improved profitability.
With a book value of ₹34.86 per share, the stock continues to trade at reasonable valuations compared to peers.
A dividend yield of 2.62% makes it appealing for income-focused investors.
Expansion in retail and MSME lending supports sustainable long-term growth.
| Investor Type | Holding (%) |
|---|---|
| Promoters | 73.60% |
| Retail & Others | 8.98% |
| Other Domestic Institutions | 8.12% |
| Foreign Institutions | 4.67% |
| Mutual Funds | 4.62% |
High promoter holding reflects stability, while gradual institutional participation indicates rising confidence in the bank’s turnaround story.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 72 | 82 |
| 2027 | 85 | 95 |
| 2028 | 98 | 110 |
| 2029 | 115 | 130 |
| 2030 | 135 | 155 |
These targets consider consistent earnings growth, improving return ratios, stable asset quality, and favorable banking sector trends.
By 2026, the bank is expected to benefit from steady credit growth and improved net interest margins.
Continued reduction in NPAs
Stable loan growth in retail and MSME segments
Better cost efficiency and digital adoption
Investment View: Suitable for conservative investors seeking steady PSU banking exposure.
In 2027, profitability may strengthen further as operating leverage improves.
Higher credit off-take
Strong deposit growth
Improved return on assets and equity
Investment View: Attractive for medium- to long-term investors focusing on stable banking growth.
By 2028, the bank could be valued closer to its historical averages if earnings momentum sustains.
Strong balance sheet quality
Increased institutional participation
Stable dividend payouts
Investment View: Good option for investors seeking value-oriented PSU stocks.
With consistent profitability, Bank of Maharashtra may witness re-rating among PSU banks.
Strong capital adequacy
Expansion in digital and retail banking
Improved market sentiment towards PSU banks
Investment View: Suitable for investors looking for long-term capital appreciation.
By 2030, Bank of Maharashtra could emerge as a fundamentally strong PSU bank with stable earnings and dividends.
Sustained economic growth supporting banking credit
Strong governance and risk management
Consistent improvement in shareholder value
Investment View: Ideal for long-term investors seeking steady returns with moderate risk.
Bank of Maharashtra Ltd offers a balanced investment opportunity with lower risk compared to high-volatility stocks. Its improving fundamentals, strong promoter backing, reasonable valuation, and dividend yield make it suitable for long-term investors.
Strong turnaround story in PSU banking
Stable government backing
Improving asset quality and profitability
Attractive valuation compared to peers
Consistent dividend income
Sensitivity to interest rate cycles
PSU banking sector policy changes
Slower credit growth during economic downturns
Monitoring quarterly financial results and broader banking sector trends is essential.
Bank of Maharashtra Ltd has steadily transformed into a stronger and more resilient public sector bank. With improving fundamentals, better asset quality, and consistent earnings growth, the long-term outlook appears positive. Based on current trends and sector performance, analysts estimate that the stock could reach ₹135 to ₹155 by 2030.
For investors looking for stable long-term returns with relatively lower risk in the banking sector, Bank of Maharashtra Ltd remains a promising option.
1. What is the current share price of Bank of Maharashtra Ltd?
It is around the levels mentioned in the latest market data and changes with market conditions.
2. What is the share price target for 2026?
The expected range is ₹72 to ₹82.
3. Is Bank of Maharashtra Ltd a good long-term investment?
Yes, especially for conservative investors seeking PSU banking exposure with steady growth.
4. What is the share price target for 2030?
The estimated target range is ₹135 to ₹155.
5. What factors influence Bank of Maharashtra’s share price?
Asset quality, loan growth, interest rates, government policies, and overall banking sector performance.
Disclaimer: This article is for educational purposes only and should not be considered financial advice. Please consult a certified financial advisor before making investment decisions.
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