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BANK OF INDIA Surges by 5%; BSE BANKEX Index Up 1.1%

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BANK OF INDIA Surges by 5%; BSE BANKEX Index Up 1.1%
Fri, 24 May 11:30 AM

BANK OF INDIA share price has zoomed 5% and is presently trading at Rs 94.

Meanwhile, the BSE BANKEX Index is at 34,740 (up 1.1%).

Among the top Gainers in the BSE BANKEX Index today are BANK OF INDIA (up 5.1%) and BANK OF BARODA (up 5.6%).

KOTAK MAHINDRA BANK (down 0.4%) is among the top loser today.

Over the last one year, BANK OF INDIA has moved down from Rs 99 to Rs 94, registering a loss of Rs 5 (down 5.0%).

On the other hand, the BSE BANKEX has moved up from 28,835 to 34,740, registering a gain of 5,905 points (up 20.1%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 51.4%), ICICI BANK (up 43.6%) and SBI (up 32.2%).

What About the Benchmark Indices?

The BSE Sensex is at 39,224 (up 0.5%).

The top gainers among the BSE Sensex stocks today are L&T (up 3.2%), ICICI BANK (up 2.0%) and HERO MOTOCORP (up 2.0%). Other gainers include BHARTI AIRTEL (up 2.0%) and M&M (up 1.9%). The most traded stocks in the BSE Sensex are YES BANK and AXIS BANK.

In the meantime, NSE Nifty is at 11,776 (up 0.5%). L&T (up 3.2%) and ZEE ENTERTAINMENT (up 2.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,345 to 39,224, registering a gain of 4,879 points (up 13.6%).

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 2.9x.

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