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BANK OF INDIA Surges by 10%; BSE BANKEX Index Up 3.8%

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BANK OF INDIA Surges by 10%; BSE BANKEX Index Up 3.8%
Mon, 20 May 01:28 PM

BANK OF INDIA share price has zoomed 10% and is presently trading at Rs 90.

Meanwhile, the BSE BANKEX Index is at 34,180 (up 3.8%).

Among the top Gainers in the BSE BANKEX Index today are BANK OF INDIA (up 10.1%) and BANK OF BARODA (up 10.6%).

Over the last one year, BANK OF INDIA has moved down from Rs 96 to Rs 90, registering a loss of Rs 5 (down 5.9%).

On the other hand, the BSE BANKEX has moved up from 29,171 to 34,180, registering a gain of 5,009 points (up 17.0%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 44.9%), SBI (up 41.5%) and ICICI BANK (up 38.4%).

What About the Benchmark Indices?

The BSE Sensex is at 39,070 (up 3.0%).

The top gainers among the BSE Sensex stocks today are SBI (up 7.9%), YES BANK (up 6.7%) and L&T (up 5.9%). Other gainers include TATA MOTORS (up 5.5%) and INDUSIND BANK (up 5.3%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,749 (up 3.0%). INDIABULLS HOU. FIN. (up 10.0%) and SBI (up 7.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,149 to 39,070, registering a gain of 3,921 points (up 11.1%).

BANK OF INDIA Financial Update...

BANK OF INDIA net profit declined 105.3% YoY to Rs 3 billion for the quarter ended March 2019, compared to a loss of Rs 47 billion a year ago. Operating income rose 6.3% to Rs 108.1 billion during the period as against Rs 101.7 billion in January-March 2018.

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 2.8x.

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