Strota/ Newsroom/ 2026-09-28

MAHABANK: Bank of Maharashtra Q1 net profit rises 27% to ₹2,020 crore as shares slid -4.8%

Strota Newsroom · session of 2026-09-28 · market close · MAHABANK stock page →

Bank of Maharashtra (MAHABANK) slid -4.8% to ₹80.82 with 3 signals firing. Here is what the exchange data shows.

Bank of Maharashtra closed at 80.82 on 2026-09-28, down 4.78 percent from the previous close of 84.88. The stock gapped down 1.7 percent, ranged from 83.44 to 80.51, and finished at the day's low. Live signals marked an at-day's-low print and gap-and-hold of -1.7 percent as the Nifty fell 1.56 percent. The bank's drop was steeper than the index, consistent with a soft day for PSU bank names.

Futures context from the last close was a Long Buildup, with open interest up 5.37 percent and futures price change 3.36 percent. That prior-close tag sits beside today's cash decline without explaining who sold the cash session. Institutional deals over 30 days and insider filings over 60 days were empty.

Technically the stock remained above the 200-day average but below the 50-day average. It was 14.48 percent under the 52-week high and 50.08 percent above the 52-week low. RSI14 printed 45.2 and relative volume 1.1. No golden cross, death cross, Darvas breakout, or trend-template flag was set.

News context was more active than for several peers. Business Standard reported that the Nifty PSU Bank index tanks 2 percent with stocks dipping up to 4 percent, and that analysts flagged rate-hike woes — a sector frame that matches the direction of today's move, though the pack's own cash print is 4.78 percent rather than the headline's "up to 4 percent" basket. The Economic Times listed Bank of Maharashtra among names with RSI trending up, a technical note rather than a fundamental catalyst. Scanx.trade had covered a Q1 net profit rise of 27 percent to ₹2,020 crore a day earlier. Livemint's stock-picker headline is not treated here as advice; it is only noted as a published list that included the name. The pack's watch zone references ₹80.51 and the prior close ₹84.88.

What the pack establishes is a 4.78 percent decline to 80.82 on a weak PSU-bank session, a prior-close long-buildup futures tag, and attributed sector coverage from Business Standard. What it does not establish is same-day institutional tickets, a confirmed company-specific filing driver, or whether the futures buildup survived the cash selloff.

The numbers

Signals that fired

F&O positioning

Futures classified as Long Buildup — open interest +5.4% with price +3.4% in the latest bhavcopy.

Technical context

Volume ran at 1.1× its 20-day average; rsi(14) sits at 45; price is 14.5% from the 52-week high; trading above the 200-dma.

Recent headlines

Sources

Keep digging

How this article was made: Strota assembled the exchange data above (prices, F&O open interest, bulk/block deals, SEBI PIT filings, indicator readings and public headlines) and an AI model wrote the narrative strictly from that evidence — it is not permitted to add outside facts or numbers. Every figure comes from the underlying exchange/public data.