Bank of Maharashtra drops for fifth straight session

Bank of Maharashtra fell for a fifth straight session today. The stock is quoting at Rs 60.32, down 1.44% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.12% on the day, quoting at 24863.45. The Sensex is at 81221.43, down 1.19%.Bank of Maharashtra has eased around 4.04% in last one month.Meanwhile, Nifty PSU Bank index of which Bank of Maharashtra is a constituent, has eased around 3.19% in last one month and is currently quoting at 6901.2, down 2.98% on the day. The volume in the stock stood at 47 lakh shares today, compared to the daily average of 80.59 lakh shares in last one month.

The PE of the stock is 9.69 based on TTM earnings ending June 24.