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%).

Revealed: Top 3 Stocks for 2020 and Beyond

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.



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