BANK OF INDIA Share Price Up by 5%; BSE BANKEX Index Down 0.3%

Wed, 25 Nov 01:24 PM

BANK OF INDIA share price has zoomed 5% and is presently trading at Rs 46.

Meanwhile, the BSE BANKEX Index is at 34,627 (down 0.3%).

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

HDFC BANK (down 0.5%) and AXIS BANK (down 0.9%) are among the top losers today.

Over the last one year, BANK OF INDIA has moved down from Rs 75 to Rs 46, registering a loss of Rs 28 (down 38.4%).

On the other hand, the BSE BANKEX has moved down from 35,716 to 34,627, loss of 1,089 points (down 4.7%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 17.3%) and HDFC BANK (up 12.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 44,825 (down 0.3%).

The top gainers among the BSE Sensex stocks today are ONGC (up 6.1%), SBI (up 1.5%) and POWER GRID (up 1.1%). Other gainers include BAJAJ AUTO (up 0.9%) and ICICI BANK (up 0.8%). The most traded stocks in the BSE Sensex are ONGC and SBI.

In the meantime, NSE Nifty is at 13,146 (down 0.4%). The top gainers in the NSE Nifty include ONGC (up 6.0%), GAIL (up 2.7%) and ADANI PORTS & SEZ (up 2.2%). Other gainers include COAL INDIA (up 2.2%) and HDFC LIFE INSURANCE (up 2.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,889 to 44,825, registering a gain of 3,936 points (up 8.56%).

BANK OF INDIA Financial Update...

BANK OF INDIA net profit declined 102.2% YoY to Rs 1 billion for the quarter ended December 2019, compared to a loss of Rs 47 billion a year ago. Operating income rose 6.5% to Rs 108.3 billion during the period as against Rs 101.7 billion in October-December 2018.

For the year ended March 2019, BANK OF INDIA reported 212.3% decrease in net profit to Rs 9.1 billion compared to net profit of Rs 8.1 billion during FY18.

Revenue of the company grew 7.0% to Rs 410 billion during FY19.

The current Price to earnings ratio of BANK OF INDIA, based on rolling 12 month earnings, stands at 14.6x.

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