BANK OF INDIA Surges by 6%; BSE BANKEX Index Up 0.1%
November 16, 2018 02:37 PM

BANK OF INDIA share price has zoomed 6% and is presently trading at Rs 89.

Meanwhile, the BSE BANKEX Index is at 29,707 (up 0.1%).

Among the top Gainers in the BSE BANKEX Index today is BANK OF INDIA (up 5.7%).

ICICI BANK (down 0.3%) and AXIS BANK (down 0.8%) are among the top losers today.

Over the last one year, BANK OF INDIA has moved down from Rs 198 to Rs 89, registering a loss of Rs 108 (down 54.9%).

On the other hand, the BSE BANKEX has moved up from 28,624 to 29,707, registering a gain of 1,083 points (up 3.3%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 16.8%), KOTAK MAH. BANK (up 15.5%) and AXIS BANK (up 14.4%).

What About the Benchmark Indices?

The BSE Sensex is at 35,546 (up 0.5%).

The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 7.2%), RELIANCE IND. (up 2.6%) and SBI (up 1.9%). Other gainers include HDFC BANK (up 1.2%) and HDFC (up 1.2%). The most traded stocks in the BSE Sensex are BHARTI AIRTEL and SBI.

In the meantime, NSE Nifty is at 10,695 (up 0.4%). BHARTI AIRTEL (up 7.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,760 to 35,546, registering a gain of 2,786 points (up 8.1%).

BANK OF INDIA Financial Update...

BANK OF INDIA net profit declined 50.6% YoY to Rs 12 billion for the quarter ended September 2018, compared to a loss of Rs 23 billion a year ago. Operating income rose 4.7% to Rs 97.7 billion during the period as against Rs 93.3 billion in July-September 2017.

For the year ended March 2018, BANK OF INDIA reported 655.9% decrease in net profit to Rs 8.1 billion compared to net profit of Rs 1.5 billion during FY17.

Revenue of the company grew 3.2% to Rs 383 billion during FY18.

The current Price to earnings ratio of BANK OF INDIA, based on rolling 12 month earnings, stands at down 2.1x.