BANK OF INDIA Surges by 6%; BSE BANKEX Index Up 0.1%

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BANK OF INDIA Surges by 6%; BSE BANKEX Index Up 0.1%
Tue, 29 Jan 12:12 PM

BANK OF INDIA share price has zoomed 6% and is presently trading at Rs 97.

Meanwhile, the BSE BANKEX Index is at 29,949 (up 0.1%).

Among the top Gainers in the BSE BANKEX Index today is BANK OF INDIA (up 6.4%).

HDFC BANK (down 0.4%) and YES BANK (down 1.8%) are among the top losers today.

Over the last one year, BANK OF INDIA has moved down from Rs 164 to Rs 97, registering a loss of Rs 67 (down 41.2%).

On the other hand, the BSE BANKEX has moved down from 31,126 to 29,949, loss of 1,177 points (down 4.1%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 13.4%), AXIS BANK (up 8.6%) and HDFC BANK (up 3.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 35,719 (down 0.2%).

The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 2.8%), TATA MOTORS DVR (up 2.0%) and MARUTI SUZUKI (up 1.3%). Other gainers include TATA MOTORS (up 1.3%) and BAJAJ AUTO (up 1.2%). The most traded stocks in the BSE Sensex are INDUSIND BANK and ICICI BANK.

In the meantime, NSE Nifty is at 10,676 (down 0.1%). ADANI PORTS & SEZ (up 5.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,283 to 35,719, registering a gain of -564 points (up -2.0%).

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 2.3x.

What else is happening in the markets today? Dig in...

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