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Bank of India

(BANKINDIA)

₹104.110.68%

as on 04:01PM, 21 Oct 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Bank of India Analyst Rating

based on 5 analysts

HOLD

40.00%

Buy

40.00%

Hold

20.00%

Sell

Based on 5 analysts offering long term price targets for Bank of India. An average target of ₹143

Source: S&P Global Market Intelligence

Bank of India Share analysis

Bank of India price forecast by 5 analysts

Upside of36.42%

High

₹170

Target

₹143.00

Low

₹110

Bank of India target price ₹143, a slight upside of 36.42% compared to current price of ₹104.11. According to 5 analysts rating.

Source: S&P Global Market Intelligence

Bank of India Performance

  • Day's Low

    Day's High

    ₹103.3
    ₹106.18
  • 52 Week's Low

    52 Week's High

    ₹86.4
    ₹157.95
1 Month Return-6.74 %
3 Month Return-14.09 %
1 Year Return+ 15.44 %
Previous Close₹104.82
Open₹105.30
Volume35.40L
Upper Circuit-
Lower Circuit-
Market Cap₹47,721.06Cr

Bank of India Key Statistics

P/E Ratio6.61
PEG Ratio1.54
Market Cap₹47,721.06 Cr
P/B Ratio1.01
EPS14.42
Dividend Yield2.04
SectorBanks
ROE11.07

Bank of India Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹47,721.06 Cr12.6%NA₹6,564 Cr₹67,488 Cr
BUY₹94,942.51 Cr35.18%NA₹15,278 Cr₹1,39,164 Cr
BUY₹85,664.32 Cr22.67%NA₹13,797 Cr₹1,18,188 Cr
HOLD₹1,18,687.63 Cr14%NA₹9,107 Cr₹1,23,222 Cr
BUY₹69,860.29 Cr62.13%NA₹8,419 Cr₹64,231 Cr

About Bank of India

Bank of India is an Indian commercial bank founded in 1906 and headquartered in Mumbai. It is one of the top public sector banks in India and is a part of the State Bank Group. The bank has a network of 4,967 branches and 6,541 ATMs in India, and a presence in 19 countries. It was incorporated on 7 September 1906 and involved in a variety of financial operations including corporate banking, retail banking, treasury operations, investment banking, and merchant banking.

It offers a wide range of products and services such as savings accounts, current accounts, fixed deposits, loans, debit cards, credit cards, and insurance. Its popular brands include BOI Star, BOI Express Credit, BOI Star Gold, and BOI Star Global. The bank also offers a range of digital banking services such as mobile banking, internet banking, and UPI payment services.

Share Price: ₹104.11 per share as on 21 Oct, 2024 04:01 PM
Market Capitalisation: ₹47,721.06Cr as of today
Revenue: ₹18,383.65Cr as on June 2024 (Q2 24)
Net Profit: ₹1,888.28Cr as on June 2024 (Q2 24)
Listing date: 30 Apr, 1997
OrganisationBank of India
Headquarters
IndustryBanks
E-voting on sharesClick here to vote

Key events for Bank of India

  • HDFC Securities Bullish on Bank of India Stock - 19 Oct, 2024

    HDFC Securities recommends Bank of India as a Diwali stock pick, targeting ₹132 with a 25% upside. The bank's strong performance in RAM lending and improving financial metrics position it for substantial growth.

  • Court Ruling Favors Pune Buildtech Against Bank of India - 14 Oct, 2024

    The Bombay High Court has ruled Bank of India's fraud declaration against Pune Buildtech Pvt Ltd as null and void, restoring the firm's access to institutional credit.

  • Bank of India Partners with Tata Motors Finance - 08 Oct, 2024

    Bank of India has entered a co-sourcing agreement with Tata Motors Finance to enhance financing options for commercial vehicle owners and fleet operators in India. This partnership aims to improve access to finance, particularly for last-mile customers, by leveraging the strengths of both institutions.

  • Bank of India Reports Strong Q2 Growth Metrics - 07 Oct, 2024

    Bank of India announced a 12% year-on-year growth in global business, reaching ₹13.96 trillion, with deposits up 10.15% to ₹7.75 trillion in Q2 FY25.

  • Bank of India Partners with Coal India for Employee Benefits - 05 Oct, 2024

    Bank of India has signed a Memorandum of Understanding to provide a salary account package for Coal India employees, offering various insurance coverages and financial benefits. The initiative aims to enhance financial accessibility for employees, especially those in remote locations.

  • Bank of India Introduces Special Fixed Deposit Rates - 27 Sep, 2024

    Bank of India has launched a special 400-day fixed deposit with interest rates up to 8.10% for Super Senior Citizens, effective from September 27, 2024. The new rates apply to various customer categories, enhancing investment options for residents and NRE/NRO depositors.

  • Bank of India Raises Capital and Launches Deposits - 26 Sep, 2024

    Bank of India successfully raised ₹2,500 crore through tier-II bonds at a 7.49% coupon rate, with strong demand. Additionally, it plans to launch a 400-day term deposit offering competitive interest rates for retail customers.

  • Bank of India Successfully Raises ₹2,500 Crore - 25 Sep, 2024

    Bank of India raised ₹2,500 crore through Basel III compliant Tier II bonds at a 7.49% coupon rate, receiving bids worth ₹6,046 crore, oversubscribing the issue significantly.

Insights on Bank of India

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 1.57K Cr → 1.88K Cr (in ₹), with an average increase of 16.7% per quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, BANKINDIA has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 16.52K Cr → 18.38K Cr (in ₹), with an average increase of 5.1% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 73.38% of holdings in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, State Bank of India has given 48.4% return, outperforming this stock by 32.9%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 3.61% to 3.21% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 7.55% to 7.14% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 4.93% to 4.70% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 6 months, BANKINDIA stock has moved down by -25.8%

Bank of India Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹15,926.04Cr (-)₹16,779.41Cr (↑5.36%)₹16,520.83Cr (↓1.54%)₹18,080.20Cr (↑9.44%)₹18,383.65Cr (↑1.68%)
Net Income₹1,561.55Cr (-)₹1,498.55Cr (↓4.03%)₹1,930.48Cr (↑28.82%)₹1,573.88Cr (↓18.47%)₹1,888.28Cr (↑19.98%)
Net Profit Margin9.81% (-)8.93% (↓8.97%)11.69% (↑30.91%)8.70% (↓25.58%)10.27% (↑18.05%)
Value in ₹ crore
Details2021202220232024
Total Assets₹7,27,994.42Cr (-)₹7,36,572.30Cr (↑1.18%)₹8,17,669.55Cr (↑11.01%)₹9,14,240.08Cr (↑11.81%)
Total Liabilities₹7,27,994.42Cr (-)₹7,36,572.30Cr (↑1.18%)₹8,17,669.55Cr (↑11.01%)₹9,14,240.08Cr (↑11.81%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow-₹4,833.93Cr (-)₹38,063.06Cr (↓887.41%)-₹35,316.27Cr (↓192.78%)-₹5,799.42Cr (↓83.58%)-₹2,933.30Cr (↓49.42%)

Index Inclusions

Nifty Midcap 100

₹57,677.70

-1.66 (-971.45%)

Nifty MidSmallcap 400

₹20,226.95

-1.55 (-318.85%)

Nifty LargeMidcap 250

₹16,213.95

-0.98 (-159.85%)

S&P BSE 400 MidSmallCap

₹12,432.98

-1.5 (-189.77%)

BSE Mid-Cap

₹47,164.93

-1.63 (-781.4%)

S&P BSE PSU

₹20,419.62

-1.38 (-286.67%)

Nifty PSU Bank

₹6,600.00

-1.07 (-71.25%)

S&P BSE Enhanced Value

₹968.95

-1.87 (-18.5%)

BSE 200

₹11,421.17

-0.61 (-70.27%)

S&P BSE 250 LargeMidCap

₹10,836.09

-0.63 (-68.92%)

Nifty 200

₹13,989.40

-0.65 (-91.1%)

BSE 500

₹36,661.79

-0.72 (-265.21%)

S&P BSE AllCap

₹10,734.78

-0.78 (-84.78%)

Nifty 500

₹23,263.25

-0.76 (-177.45%)

S&P BSE Fin. Ser

₹11,597.77

-0.25 (-28.97%)

Nifty Midcap 150

₹21,429.90

-1.5 (-325.75%)

S&P BSE 150 MidCap

₹16,266.28

-1.52 (-250.33%)

Bank of India Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
73.38%
0.00
Foreign Institutions
3.21%
-10.93
Mutual Funds
4.7%
-4.70
Retail Investors
7.14%
-5.45
Others
11.56%
9.86

Bank of India Key Indicators

Details20202021202220232024
Book Value Per Share (₹)118.08124.1120.7130.3139.91
Details20202021202220232024
Earning Per Share (₹)-9.316.358.59.3514.42
Details2021202220232024
Return On Equity %5.417.518.0211.07
Details20202021202220232024
Return On Assets %-0.460.290.470.470.72

Bank of India Valuation

Bank of India in the last 5 years

  • Overview

  • Trends

Lowest (-19.05x)

February 18, 2021

Today (6.61x)

October 18, 2024

Industry (15.45x)

October 18, 2024

Highest (26.59x)

January 2, 2020

LowHigh

Bank of India Earnings and Dividends

  • Bank of India Earnings Results

    Bank of India’s net profit jumped 20.92% since last year same period to ₹1,888.28Cr in the Q1 2024-2025. On a quarterly growth basis, Bank of India has generated 19.98% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Bank of India Dividends May,2024

    In the quarter ending March 2024, Bank of India has declared dividend of ₹2.80 - translating a dividend yield of 2.67%.

    Read More about Dividends

Bank of India Technicals Summary

Bearish

Neutral

Bullish

Bearish

Bank of India is currently in a Bearish trading position according to technical analysis indicators.

FAQs on Bank of India

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Bank of India (BANKINDIA) share price today is ₹104.11

Bank of India is listed on NSE

Bank of India is listed on BSE

  • Today’s highest price of Bank of India is ₹106.18.
  • Today’s lowest price of Bank of India is ₹103.3.

PE Ratio of Bank of India is 6.61

PE ratio = Bank of India Market price per share / Bank of India Earnings per share

Today’s traded volume of Bank of India(BANKINDIA) is 35.40L.

Today’s market capitalisation of Bank of India(BANKINDIA) is ₹47721.06Cr.

Bank of India(BANKINDIAPrice
52 Week High
₹157.95
52 Week Low
₹86.4

Bank of India(BANKINDIA) share price is ₹104.11. It is down -34.09% from its 52 Week High price of ₹157.95

Bank of India(BANKINDIA) share price is ₹104.11. It is up 20.50% from its 52 Week Low price of ₹86.4

Bank of India(BANKINDIAReturns
1 Day Returns
-0.71%
1 Month Returns
-6.74%
3 Month Returns
-14.09%
1 Year Returns
15.44%