BANK OF INDIA Plunges by 5%; BSE BANKEX Index Down 0.6%
February 8, 2019 10:46 AM

BANK OF INDIA share price has plunged 5% and is presently trading at Rs 92.

Meanwhile, the BSE BANKEX Index is at 30,644 (down 0.6%).

Among the top losers in the BSE BANKEX Index today is BANK OF INDIA (down 5.1%).

INDUSIND BANK (up 0.5%) and KOTAK MAH. BANK (up 0.4%) are among the top gainers today.

Over the last one year, BANK OF INDIA has moved down from Rs 141 to Rs 92, registering a loss of Rs 49 (down 35.0%)..

The BSE BANKEX has moved up from 29,072 to 30,644, registering a gain of 1,572 points (up 5.4%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 30.3%), KOTAK MAH. BANK (up 24.5%) and HDFC BANK (up 13.3%).

What About the Benchmark Indices?

The BSE Sensex is at 36,886 (down 0.6%). The top gainers among the BSE Sensex stocks today are POWER GRID (up 0.9%). The most traded stocks in the BSE Sensex are POWER GRID and BAJAJ FINANCE.

In the meantime, NSE Nifty is at 11,041 (down 0.6%). BHARTI INFRATEL (up 3.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,083 to 36,886, registering a gain of 2,803 points (up 7.8%).

BANK OF INDIA Financial Update...

BANK OF INDIA net profit down at Rs 47 billion for the quarter ended December 2018, compared to a loss of Rs 23 billion a year ago. Operating income rose 9.0% to Rs 101.7 billion during the period as against Rs 93.3 billion in October-December 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 1.6x.