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Bank of India share Price Today

Company details

140.80
145.30
69.50
156.25
6M Return 45.23%
1Y Return 81.49%
Mkt Cap.(Cr) 65,854.34
Volume 7,720,079
Div Yield 1.28%
OI
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OI Chg %
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Volume 7,720,079

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Bank of India announced Q2FY24 results:

1. Financial Performance:
- Net Profit increased by 52% YoY to Rs 1,458 crore.
- Operating Profit increased by 11% YoY to Rs 3,756 crore.
- Net Interest Income increased by 13% YoY to Rs 5,740 crore.
- NIM (Global) improved by 4 bps YoY to 3.08%.
- Gross NPA ratio down by 267 bps YoY.
- Provision Coverage Ratio (PCR) improved by 62 bps YoY.
- CRAR stood at 15.63%, with CET-1 ratio at 12.60%.

2. Business Growth:
- Global Business increased by 9.25%.
- Global Deposits increased by 8.68% YoY.
- Global Advances increased by 10% YoY.
- Retail credit grew by 14.65% YoY.
- Agriculture credit grew by 10.82% YoY.
- MSME credit grew by 10.82% YoY.

3. Asset Quality:
- Gross NPA declined by 8.28% QoQ to Rs 31,719 crore.
- Net NPA declined by 1.73% QoQ to Rs 7,978 crore.
- GNPA ratio improved by 83 bps to 5.84%.
- Net NPA ratio improved by 11 bps to 1.54%.
- Provision Coverage Ratio (PCR) stood at 89.58%.

4. Digital Banking:
- Internet Banking users increased to 8.66 million.
- Mobile Banking users increased to 9.12 million.
- Number of UPI users increased to 17.16 million.

5. Financial Inclusion:
- PMJDY accounts increased to 289 lakhs.
- Jansuraksha Enrollment for PMJJBY, PMSBY, and APY increased.

6. Branch Network:
- Bank has 5,135 Domestic branches.

7. Awards & Accolades:
- 'Shine and Succeed 2023' award from PFRDA for performance in Atal Pension Yojana.
- 'Rise above the Rest 2023' award for performance from July 1, 2023, to August 16, 2023, in Atal Pension Yojana.

 

Result PDF

View Other Company Results

Bank of India shares SWOT Analysis

Strengths (11)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth

Weakness (2)

  • Red Flag: High Interest Payments Compared to Earnings
  • Low Piotroski Score : Companies with weak financials

Opportunity (3)

  • Positive Breakout Second Resistance ( LTP > R2)
  • Highest Recovery from 52 Week Low
  • Decrease in Provision in recent results

Threats (1)

  • Increase in NPA in Recent Results

Resistance and support

R1 142.9
R2 144.6
R3 147.3
Pivot

140.22

S1 138.5
S2 135.8
S3 134.1
EMA SMA
139.8
137.0
129.5
116.1
139.7
138.5
129.5
112.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Block Purchase 2024-01-25 133.15 13661922 NSE
MARSHALL WACE INVESTMENT STRATEGIES GLOBAL FINANCIALS MARKET NEUTRAL FUND Block Purchase 2024-01-25 133.15 317543 NSE
MARSHALL WACE INVESTMENT STRATEGIES TOPS FUND Block Purchase 2024-01-25 133.15 161752 NSE
Name Category Shares
PRESIDENT OF INDIA PROMOTER 73.38%

OUR RESEARCH VIEW

Investment recommendation
Continued recovery in growth & RoA to drive valuations
Call Date
15 Jan 2024
Entry Price 129.00
Target Price 165.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Bank of India Stocks COMPARISON

Financials( in Cr) Bank of India HDFC Bank Ltd ICICI Bank Ltd State Bank of India Kotak Mahindra Bank Ltd
Price 144.65 1,507.90 1,086.75 775.35 1,822.50
% Change 2.41 -0.28 0.01 1.21 0.69
Mcap Cr 65,854.34 1,145,538.21 763,152.36 691,969.79 362,298.60
Revenue TTM Cr 47,931.69 170,754.05 121,066.81 350,844.58 42,151.06
Net Profit TTM Cr 3,839.34 46,148.70 34,463.03 56,558.43 14,780.44
PE TTM 10.05 17.93 17.99 9.90 20.63
1 Year Return 81.49 -10.68 20.12 39.80 -3.94
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 7.45 17.20 17.66 18.44 14.14
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 60,432.95 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,463.02 -3,609.06
LAST 3M 83,632.14 32,580.07
LAST 6M 140,794.69 70,960.51
LAST 12M 216,582.31 196,780.81
Bank Of India - Other General Purpose

Apr 22, 2024 l NSE Announcement

Bank of India - Loss of Share Certificates

Apr 19, 2024 l NSE Announcement

Bank of India - Loss of Share Certificates

Apr 18, 2024 l NSE Announcement

Date Action Type Ratio
Jun 20, 2023 Dividend 20
Jul 07, 2022 Dividend 20

Bank of India Information

Stock PE (TTM)
10.05
Promoter Holding
73.38%
Book Value
131.7687
ROE
7.45%
Description
  • Bank of India is an Indian nationalised bank. It was incorporated in 1906 and is headquartered in Mumbai. Its owner is the Ministry of Finance, Government of India, since its nationalisation in 1969. For the quarter ended March 2022, the bank’s total income was Rs. 11,553.31 crore. The total income growth was 2.51%. On 16 June 2022, the bank’s market capitalisation was worth Rs. 17,419 crore.

    Bank of India’s share is listed on the Bombay Stock Exchange with the code 532149, and on the National Stock Exchange with the code BANKINDIA.

    Bank of India has more than 5,000 branches spread across all states and union territories of India, including specialised branches. There are 59 zonal offices and 10 NBG offices controlling the operations of all the branches. The bank also has 45 international offices/branches. These include 23 own branches, one representative office, four subsidiaries, and one joint venture.

    Bank of India is a founding member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications). The operations overseas exist in banking and financial centres of the world, including London, Hong Kong, Paris, New York, Tokyo, Singapore, and DIFC Dubai.

    The current Managing Director & CEO of the bank is Shri Atanu Kumar Das. The other directors of the bank include Shri P R Rajagopal, Shri Swarup Dasgupta, Shri M Karthikeyan, Ms Monika Kalia, Shri Subrata Das, Ms Veni Thapar, Dr Bhushan Kumar Sinha, Shri Munish Kumar Ralhan, and Shri P N Prasad.

    BOI’s share price on NSE was Rs. 42.45 on 16 June 2022. BOI’s share price on BSE was Rs. 42.40. From the previous trading day, 15 June 2022, Bank of India’s share price today is down by 4.50% and 4.40% on NSE and BSE, respectively. The 52-week high for Bank of India’s share price was Rs. 81.85, and the 52-week low for the bank’s share price was Rs. 40.45.

    Disclaimer- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Star House 8th Flr C-5 G Block, Bandra-Kurla Complex Bandra(E), Mumbai, Maharashtra, 400051

Tel : 91-22-66684444
Email : headoffice.share:bankofindia.co.in
Website : http://www.bankofindia.co.in
Registrar

Sharepro Services India P Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532149
NSE Code : BANKINDIA
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE084A01016

FAQ’s on Bank of India Shares

You can buy Bank of India shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Bank of India Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 23, 2024 12:04 PM the closing price of Bank of India was ₹ 144.65.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 23, 2024 12:04 PM, the market cap of Bank of India stood at ₹ 65,854.34.

The latest PE ratio of Bank of India as of Apr 23, 2024 12:04 PM is 10.05

The latest PB ratio of Bank of India as of Apr 23, 2024 12:04 PM is 0.93

The 52-week high of Bank of India share price is ₹ 156.25 while the 52-week low is ₹ 69.50

According to analyst recommendations, Bank of India Share has a “Buy” rating for the long term.

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