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Bank of India Gains 5%; BSE BANKEX Index Down 0.0%
Mon, 29 Jul 12:27

Bank of India Gains 5%; BSE BANKEX Index Down 0.0%Image source: DNY59/www.istockphoto.com

Bank of India share price has zoomed 5% and is presently trading at Rs 125.5.

Meanwhile, the BSE BANKEX index is at 58,638.1 .

Among the top gainers in the BSE BANKEX index today are Bank of Baroda (up 2.2%) and SBI (up 1.4%).

Kotak Bank (down 1.4%) and Axis Bank (down 0.9%) are among the top losers today.

Over the last one year, Bank of India has moved up from Rs 83.1 to Rs 125.5, registering a gain of Rs 42.4 (up 51.0%).

On the other hand, the BSE BANKEX index has moved up from 51,646.9 to 58,638.1, registering a gain of 13.5% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 49.9%), SBI (up 43.5%) and Bank of Baroda (up 30.0%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,287.4 (down 0.1%).

The top losers among the BSE Sensex today are Bharti Airtel (down 2.3%) and Titan (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,824.9 . Titan and Tata Consumer Products are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,287.4, registering a gain of 14,931.7 points (up 22.5%).

Bank of India Financial Update...

Bank of India net profit grew 8.0% YoY to Rs 14,990 million for the quarter ended March 2024, compared to a profit of Rs 13,882 million a year ago. Net sales rose 19.9% to Rs 162,505 million during the period as against Rs 135,479 million in January-March 2023.

For the year ended March 2024, Bank of India reported 71.0% increase in net profit to Rs 65,645 million compared to net profit of Rs 38,380 million during FY23. Revenue of the company grew 27.4% to Rs 610,733 million during FY24.

The current Price to earnings ratio of Bank of India, based on rolling 12 month earnings, stands at 8.9.

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