Should you consider buying Bank of Maharashtra’s stock?

The stock of Bank of Maharashtra, the 10th largest PSU bank by loan book, hit a fresh 52-week high of ₹67.8 on January 14. However, it is trading at a 11-per cent discount to highs recorded in June 2024 and at a 32-per cent discount to all-time-high price recorded in January 2008.The bank has been consistently reporting healthy growth in balance sheet and earnings quarter after quarter. Apart from good asset-quality metrics, the bank sports class-leading CASA ratio and cost-to-income ratio.Its stock trades ...