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Bank of India (BANKINDIA)

₹123.722.85%

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Overview
News
Financials
Q3 '23 Results
Technicals

Analyst Rating

based on 6 analysts

BUY

50.00%

Buy

33.33%

Hold

16.67%

Sell

Based on 6 analysts offering long term price targets for Bank of India. An average target of ₹150.83

Source: S&P Global Market Intelligence

Bank of India Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹119.7
    ₹125.05
  • 52 Week's Low

    52 Week's High

    ₹76.75
    ₹157.95
1 Month Return-1.58 %
3 Month Return-13.3 %
1 Year Return+ 50.83 %
Previous Close₹120.29
Open₹120.53
Volume1.99Cr
Upper Circuit-
Lower Circuit-
Market Cap₹54,764.04Cr

Key Statistics

P/E Ratio7.76
PEG Ratio1.26
Market Cap₹54,764.04 Cr
P/B Ratio1.01
EPS-9.31

Mutual Fund Holdings

Funds HoldingsPrev. 6M
SBI Contra Fund Direct GrowthSBI Contra Fund Direct Growth0.64%
SBI Large & Midcap Fund Direct GrowthSBI Large & Midcap Fund Direct Growth0.79%
Aditya Birla Sun Life PSU Equity Fund Direct GrowthAditya Birla Sun Life PSU Equity Fund Direct Growth3.91%
DSP Midcap Fund Direct Plan GrowthDSP Midcap Fund Direct Plan Growth1%
Nippon India Growth Fund - Direct Plan - GrowthNippon India Growth Fund - Direct Plan - Growth0.57%

Company Information

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: ₹123.72 per share as on 15 Jul, 2024 04:01 PM
Market Capitalisation: ₹54,764.04Cr as of today
Revenue: ₹18,080.20Cr as on March 2024 (Q1 24)
Net Profit: ₹1,573.87Cr as on March 2024 (Q1 24)
Listing date: 07 May, 1997
OrganisationBank of India
Headquarters
IndustryBanks
E-voting on sharesClick here to vote

Key events for Bank of India

  • Bank of India Stock Rises for Fifth Straight Session - 09 Jul, 2024

    Bank of India stock rose 2.89% to Rs 124.46 on the NSE, adding around 0.91% in the last month. The Nifty PSU Bank index is up 1.69% and the PE ratio stands at 8.74 based on TTM earnings ending March 24.

  • Bank of India Reports Growth in Advances and Deposits - 08 Jul, 2024

    Bank of India reports a significant increase in global advances and domestic deposits, with overall business expanding to ₹13,59,890 crore. The bank also sees a decline in both gross and net non-performing assets (NPAs) ratio.

  • Bank of India Stock Gains for Third Straight Session - 05 Jul, 2024

    Bank of India's stock is up by 1.56% to Rs 120.49 on NSE, gaining for the third consecutive session. The bank has seen a gain of around 2.24% in the last one month.

  • Bank of India Plans to Raise up to Rs 5,000 Crore Through Infrastructure Bonds - 03 Jul, 2024

    Bank of India is set to raise funds through infrastructure bonds after State Bank of India's recent issuance. The bank plans to raise up to Rs 5,000 crore and has received an AA+ rating from India Ratings for the proposed offering. BOI officials cited growing demand for funds by renewable energy firms and affordable housing as reasons for the move. Investments in key infrastructure sectors are expected to grow 38% in FY2025-26 compared to previous years.

  • Bank of India Revises Fixed Deposit Interest Rates - 01 Jul, 2024

    Bank of India has revised its fixed deposit interest rates, offering up to 7.8% for senior citizens on a tenure of 666 days and up to 7.3% for individuals. The new rates are effective from June 30, 2024.

  • Bank of India Declares Dividend - 18 Jun, 2024

    Bank of India has declared a dividend of Rs 2.8 per equity share for the financial year 2024 with a record date of June 18.

  • Bank of India Declares Dividend and Expects Fresh Buyers - 15 Jun, 2024

    Bank of India has declared a modest dividend of Rs 2.8 per share, representing a 28% payout over the face value of Rs 10 per share. The bank expects fresh buyers to arrive at current levels, which could lead to appreciation in the stock price.

  • Bank of India Stock Rises Amidst Bank Closures - 14 Jun, 2024

    Bank of India's stock has risen by 1.36% to Rs 126.2 amidst bank closures due to various festivals across India. The stock has added around 1.28% in the last month.

  • Bank of India Acquires Stake in CCIL IFSC - 11 Jun, 2024

    Bank of India has acquired a 6.125% stake in Clearing Corporation of India Ltd. (CCIL) IFSC for ₹6.125 crore, reflecting its commitment to the growth of IFSC. CCIL IFSC is set to build and operate a real-time foreign currency settlement system at GIFT City.

  • Bank of India Acquires Stake in CCIL IFSC - 10 Jun, 2024

    Bank of India has acquired a 6.125% stake in the Clearing Corporation of India Ltd. (IFSC) listed in the GIFT SEZ in Gujarat, showcasing its strategic commitment towards the growth of GIFT City IFSC and its emergence as a global financial services provider.

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

    Best in 1 Year

    img

    In the last 1 year, BANKINDIA has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 4.26% to 4.83% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 4.31% to 4.52% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 16.52K Cr → 18.08K Cr (in ₹), with an average increase of 8.6% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

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

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, State Bank of India has given 99.1% return, outperforming this stock by 39.7%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 months, BANKINDIA stock has moved down by -13.3%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 7.66% to 6.28% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 1.93K Cr → 1.57K Cr (in ₹), with an average decrease of 18.5% per quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹18,080.20Cr
↑9.44%
Net Income
₹1,573.87Cr
↓18.47%
Net Profit Margin
8.70%
↓25.58%
2024Y/Y Change
Revenue
₹67,488.52Cr
↑22.48%
Net Income
₹6,564.46Cr
↑71.04%
Net Profit Margin
9.73%
↑39.60%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹9,14,240.08Cr
↑11.81%
Total Liabilities
₹9,14,240.08Cr
↑11.81%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
-₹2,933.30Cr
↓49.42%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
73.38%
0.00
Foreign Institutions
4.52%
0.00
Mutual Funds
4.83%
0.00
Retail Investors
6.28%
0.00
Others
10.98%
0.00

Key Indicators

Bank of India Valuation

Bank of India in the last 5 years

  • Overview

  • Trends

Lowest (-19.05x)

February 18, 2021

Today (7.76x)

July 12, 2024

Industry (17.94x)

July 12, 2024

Highest (26.59x)

January 2, 2020

LowHigh

Earnings and Dividends

  • Bank of India Earnings Results

    Bank of India’s net profit jumped 11.5% since last year same period to ₹1,573.87Cr in the Q4 2023-2024. On a quarterly growth basis, Bank of India has generated -18.47% fall 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 2.33%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

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

Frequently Asked Questions

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Bank of India (BANKINDIA) share price today is ₹123.72

Bank of India is listed on NSE

Bank of India is listed on BSE

  • Today’s highest price of Bank of India is ₹125.05.
  • Today’s lowest price of Bank of India is ₹119.7.

PE Ratio of Bank of India is 7.76

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 1.99Cr.

Today’s market capitalisation of Bank of India(BANKINDIA) is ₹54764.04Cr.

Bank of India(BANKINDIAPrice
52 Week High
₹157.95
52 Week Low
₹76.75

Bank of India(BANKINDIA) share price is ₹123.72. It is down -21.67% from its 52 Week High price of ₹157.95

Bank of India(BANKINDIA) share price is ₹123.72. It is up 61.20% from its 52 Week Low price of ₹76.75

Bank of India(BANKINDIAReturns
1 Day Returns
3.43%
1 Month Returns
-1.58%
3 Month Returns
-13.3%
1 Year Returns
50.83%