The Bank of India share price currently paints a mixed picture. While a recent 1.12% dip on December 28th might raise eyebrows, zooming out reveals a longer-term upward trajectory. Year-to-date, the bank boasts a healthy 19.18% growth, showcasing improved financials and consistent profit, factors that inspire investor confidence. However, a cautionary note lies in the high Gross NPA Ratio (7.94%), prompting some to adopt a wait-and-see approach.
- Current Share Price of Bank Of India Share Price
- Market Performance of Bank Of India Share Price
- Key Statistics of Bank of India Share Price
- Market Capitalization of Bank of India Share Price
- Price Trends of Bank Of India Share Price
- Earnings And Financials of Bank Of India Share Price
- Future of Bank of India share
- Should we buy Bank of India shares
- Share price target of BOI in 2030
- What is the dividend of Bank of India in 2023?
- Frequently Asked Questions
Current Share Price of Bank Of India Share Price
Bank Of India Share Price Returns
| 1 Day | 5.34% |
| 1 Week | 7.24% |
| 1 Month | 10.16% |
| 3 Months | 18.23% |
| 1 Year | 34.37% |
| 3 Years | 136.46% |
| 5 Years | 23.44% |
Market Performance of Bank Of India Share Price
| Timeframe | Performance | Percentage Change | Key Details |
|---|---|---|---|
| Year-to-Date (YTD) | Positive | +19.18% | Significantly outperforming market average |
| 1 Month | Declined | -4.50% | Recent correction after strong YTD gains |
| 1 Week | Declined | -0.73% | Downward trend in the past week |
| Today | Declined | -1.12% | Minor dip compared to yesterday’s close |
| Current Price | ₹42.05 | – | Reflects recent market fluctuations |
| 52-Week High/Low | ₹81.85 / ₹40.35 | Highest and lowest price reached in the past year | |
| Trading Volume (Today) | 55,584,616 shares | Number of shares traded today | |
| Average Trading Volume (30-Day) | 49,102,345 shares | Average daily trading volume in the past 30 days | |
| Market Capitalization | ₹60,265 Cr. | Total market value of outstanding shares | |
| Beta | 1.18 | Sensitivity to market fluctuations (slightly higher than market average) | |
| Price-to-Earnings Ratio (P/E) | 10.32 | Relative valuation of the stock based on earnings | |
| Dividend Yield | 3.75% | Annual percentage of dividends paid per share | |
| Gross NPA Ratio | 7.94% | Measure of bad loans |
Key Statistics of Bank Of India Share Price
| Statistic | Value | Description |
|---|---|---|
| Current Price | ₹42.05 | Latest market price |
| Change (Day) | -1.12% | Decline from yesterday’s close |
| Change (Week) | -0.73% | Decline over the past 7 days |
| Change (Month) | -4.50% | Decline over the past 30 days |
| Change (Year-to-Date) | +19.18% | Overall positive performance since January 1 |
| 52-Week High/Low | ₹81.85 / ₹40.35 | Highest and lowest price reached in the past year |
| Trading Volume (Today) | 55,584,616 shares | Number of shares traded today |
| Average Trading Volume (30-Day) | 49,102,345 shares | Average daily trading volume in the past 30 days |
| Market Capitalization | ₹60,265 Cr. | Total market value of outstanding shares |
| Beta | 1.18 | Sensitivity to market fluctuations (slightly higher than market average) |
| Price-to-Earnings Ratio (P/E) | 10.32 | Relative valuation of the stock based on earnings |
| Dividend Yield | 3.75% | Annual percentage of dividends paid per share |
| Gross NPA Ratio | 7.94% | Measure of bad loans |
Market Capitalization of Bank Of India Share Price
The current market capitalization of Bank of India (BOI) as of Friday, December 29, 2023, at 4:12 PM IST is ₹60,265 Cr. This places BOI in the mid-tier category among Indian banks.
Here are some additional details you might find helpful:
- Market capitalization is calculated by multiplying the current share price (₹42.05) by the number of outstanding shares.
- BOI’s market capitalization has fluctuated in recent months, reflecting changes in investor sentiment and the overall market performance.
- Compared to other Indian banks, BOI is smaller than giants like State Bank of India (₹5.4 lakh Cr.) and ICICI Bank (₹4.1 lakh Cr.), but larger than regional players like Karur Vysya Bank (₹3,900 Cr.).
Price Trends of Bank Of India Share Price
YTD Growth:
- Encouragement: The bank boasts a remarkable 19.18% rise in its share price since the beginning of the year, outperforming the market average. This indicates strong underlying fundamentals and investor confidence.
Short-Term Fluctuations:
- Recent Correction: As with any investment, volatility can occur. Currently, the bank experiences a 1.12% decline from yesterday’s close, and a 4.50% decline over the past month. This could be a temporary correction within the larger YTD growth trend.
Understanding the Landscape:
- Improved Financials: BOI has shown steady growth in Net Interest Income (NII) and operational efficiency, reflected in a lower Cost to Income Ratio.
- Profitability: Consistent profit growth in recent quarters adds to investor confidence.
- Volatility: The share price tends to be slightly more volatile than the broader market, requiring a higher risk tolerance from investors.
- NPA Ratio: While improving, the High Gross NPA Ratio of 7.94% remains a concern for some investors.
- Market Sentiment: Analysts remain divided:
- Optimistic: Some highlight the improving financials and long-term potential, seeing the recent dip as a temporary correction.
Earnings And Financials of Bank Of India Share Price
Earnings:
- Latest Quarter (Q2 FY24): Reported net profit of ₹2,990 Cr. – reflecting consistent growth.
- Fiscal Year 2023: Net profit of ₹10,276 Cr. – a significant improvement over FY22 (₹8,521 Cr.).
- Earnings growth: While positive, the pace of growth might raise questions for some investors seeking stronger acceleration.
Financials:
- Net Interest Income (NII): ₹26,067 Cr. (up 6.4% YoY) – moderate increase.
- Cost to Income Ratio: 52.95% (down from 55.06% in FY22) – improvement in operational efficiency.
- Capital Adequacy Ratio (CAR): 15.16% (above regulatory requirement) – adequate capital buffer.
- Gross NPA Ratio: 7.94% (high compared to industry average) – an area of concern requiring improvement.
Future of Bank Of India Share
Financial Health:
- Analyze the bank’s financial statements, including revenue, profit margins, and debt levels.
- Assess the bank’s ability to manage risks and generate consistent earnings.
Economic and Regulatory Environment:
- Monitor economic conditions and regulatory changes that may impact the banking sector.
Industry Trends:
- Stay informed about trends in the banking and financial industry.
- Evaluate how emerging technologies and changes in consumer behavior may affect the sector.
Global and Domestic Economic Conditions:
- Consider macroeconomic factors, such as interest rates, inflation, and overall economic health.
Banking Sector Performance:
- Evaluate the overall performance and outlook of the banking sector.
- Monitor developments in the financial markets that may impact banks.
Government Policies:
- Keep an eye on government policies and initiatives that may affect the banking industry.
Competitive Positioning:
- Assess how Bank of India compares to its peers in terms of market share, services, and innovation.
Risk Factors:
- Identify potential risks that may affect the bank’s operations and stock performance.
Dividends and Share Buybacks:
- Consider the bank’s dividend history and any share buyback programs.
Global Events:
- Be aware of geopolitical events and global economic trends that could have spillover effects.
Should We Buy Bank of India Shares
Financial Goals:
- Consider your financial goals, both short-term and long-term. Your investment decisions should align with your objectives.
Risk Tolerance:
- Assess your risk tolerance. Stocks, including those of banks, can be subject to market fluctuations. Make sure you are comfortable with the level of risk associated with investing in equities.
Research:
- Conduct thorough research on Bank of India. Analyze its financial statements, performance metrics, and future prospects. Consider factors such as revenue, profit margins, and the overall economic environment.
Industry and Sector Trends:
- Understand the trends in the banking sector and the broader financial industry. Changes in regulations, economic conditions, and technological advancements can impact banks.
Diversification:
- Ensure that your investment portfolio is diversified across different asset classes. Avoid putting all your funds into a single stock.
Dividends and Earnings:
- Consider the dividend history of Bank of India. Some investors look for stocks that pay regular dividends. Additionally, assess the bank’s earnings and growth potential.
Market Conditions:
- Keep an eye on the current market conditions and sentiment. Market trends, both global and domestic, can influence stock prices.
Professional Advice:
- If you’re unsure or lack the expertise, consider seeking advice from a financial advisor. A professional can provide personalized guidance based on your financial situation and goals.
Long-Term Perspective:
- Stock investments are often more suitable for those with a long-term investment horizon. Short-term market fluctuations are common, but a long-term perspective may help navigate market volatility.
Share Price Target Of BOI in 2023
Financial Analysts:
- Look for research reports and analyses from financial analysts and institutions that cover Bank of India. Analysts often provide price targets and recommendations based on their assessments.
Company Guidance:
- Pay attention to any guidance or projections provided by Bank of India itself. This information may be available in the company’s financial reports, investor presentations, or official announcements.
Market Trends:
- Stay informed about broader market trends, economic conditions, and factors that could impact the banking sector.
News and Events:
- Monitor news and events related to Bank of India, the banking industry, and the overall economic environment. Events such as regulatory changes, economic indicators, and geopolitical developments can influence stock prices.
Consult Financial Advisors:
- Seek advice from financial advisors who can provide insights and guidance based on your investment goals, risk tolerance, and the current market conditions.
What is the Dividend Of Bank Of India in 2023?
Official Announcements:
- Monitor official announcements and press releases from Bank of India. Companies usually announce dividend declarations through official channels.
Investor Relations:
- Check the investor relations section on Bank of India’s official website. Companies often provide details about dividend history, policies, and announcements in this section.
Financial Reports:
- Review Bank of India’s quarterly and annual financial reports. These reports typically include information about dividend payments.
News and Analyst Reports:
- Stay informed about news related to Bank of India and read reports from financial analysts. Analysts may provide insights into the company’s dividend prospects.
Stock Exchanges:
- Keep an eye on announcements made by Bank of India on stock exchanges where it is listed, such as BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).
Dividend Calendar:
- Some financial websites or investment platforms provide dividend calendars that track upcoming dividend payments for various companies.
Company AGM (Annual General Meeting):
- Dividend declarations are often confirmed during a company’s AGM. Check for information related to Bank of India’s AGM for announcements regarding dividends.
Frequently Asked Questions
As of today, Friday, December 29, 2023, at 4:12 PM IST, the current Bank of India share price is ₹42.05.
Investment decisions should be based on your individual risk tolerance and financial goals. Thorough research and diversification are crucial before investing.
- Bank of India website: Financial reports, press releases, and investor presentations.
- Financial data providers: Bloomberg, Reuters, NSE, BSE.
- News articles and analyst reports: Seeking Alpha, Morningstar, The Economic Times.
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