Bank of Maharashtra Shares Soar to 52-Week High, Then Retreat Post Q3 Update

• Bank of Maharashtra shares hit a 52-week high of ₹65.97, gaining 3.2%, but later gave up gains.
• Q3 update shows total deposits up 15.3% to ₹3.21 lakh crore and total business up 17.24% to ₹5.95 lakh crore.
• CASA deposits grew 15.93% to ₹1.59 lakh crore; CASA ratio expanded to 49.55%.
• Global advances increased 19.61% to ₹2.73 lakh crore, with strong corporate advances growth.
• Centre's 6% stake sale via OFS received strong response, reducing its holding from 79.6%.

Why It Matters: BoM shares surged on strong Q3 results and OFS success, but couldn't sustain 52-week high.