BANK OF INDIA Surges by 5%; BSE BANKEX Index Up 1.3%
February 19, 2019 01:32 PM

BANK OF INDIA share price has zoomed 5% and is presently trading at Rs 83.

Meanwhile, the BSE BANKEX Index is at 30,254 (up 1.3%).

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

INDUSIND BANK (down 0.7%) is among the top loser today.

Over the last one year, BANK OF INDIA has moved down from Rs 125 to Rs 83, registering a loss of Rs 42 (down 33.7%).

On the other hand, the BSE BANKEX has moved up from 28,234 to 30,254, registering a gain of 2,020 points (up 7.0%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 30.6%), KOTAK MAH. BANK (up 21.2%) and HDFC BANK (up 11.8%).

What About the Benchmark Indices?

The BSE Sensex is at 35,776 (up 0.7%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 3.5%), ICICI BANK (up 3.3%) and M&M (up 2.7%). Other gainers include TATA STEEL (up 2.7%) and BHARTI AIRTEL (up 2.6%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 10,723 (up 0.7%). VEDANTA LTD (up 3.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,775 to 35,776, registering a gain of 2,001 points (up 5.8%).

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 1.5x.