The Bank of India (BOI) share, a veteran on the Indian stock market, has navigated numerous economic tides, offering investors a glimpse into the nation’s financial pulse. Like a seasoned sailor, it has weathered storms and basked in sunshine, its performance intricately linked to the ever-shifting landscape of India’s growth story.
- Key Financial Metrics for Bank of India Share
- Stock Price and Market Performance of Bank Of India Share
- Dividend History of Bank of India Share
- Analyst Recommendations for Bank of India Share
- Bank of India Share Price Trends
- Earning Reports and Financial Statements
- Bank of India Stock News and Updates
- What is the future of Bank of India share?
- What will be BOI Share Price in 2050?
- What is the share price target of boi Bank in 2025?
- Frequently Asked Questions
Key Financial Metrics for Bank Of India Share
Key Metrics
|
PE Ratio
(x) |
10.28 |
|
EPS – TTM
(₹) |
11.84 |
|
MCap
(₹ Cr.) |
53,493.85 |
|
Sectoral MCap Rank |
16 |
|
PB Ratio
(x) |
0.85 |
|
Div Yield
(%) |
1.64 |
|
Face Value
(₹) |
10.00 |
|
Beta |
1.94 |
|
VWAP
(₹) |
121.14 |
|
52W H/L
(₹) |
Valuation:
- Market Capitalization: ₹54,108 crore
- Price-to-Book Ratio (P/B): 0.81
- Price-to-Earnings Ratio (P/E): 18.16
Additional Metrics:
- Gross Non-Performing Assets (GNPA): 5.02%
- Net Non-Performing Assets (NNPA): 2.93%
- CASA Ratio: 38.41%
Stock Price And Market Performance of Bank Of India Share
Current Price and Performance:
- As of January 7, 2024, the BOI share closed at ₹118.80.
- Over the past year, it has experienced a modest increase of 5.6%.
- In the past three months, its performance has been more volatile, with a fluctuation of around 12%.
Market Comparison:
- Compared to the benchmark Sensex index, which has risen by 10% in the past year, BOI’s performance has been slightly lagging.
- However, within the banking sector, it has outperformed some of its peers like Punjab National Bank and Bank of Baroda.
Drivers of Performance:
- Positive factors: BOI’s focus on digital transformation, loan portfolio diversification, and a relatively strong capital base contribute to its allure for investors.
- Negative factors: Concerns around asset quality, with relatively high GNPA and NNPA ratios, can act as a drag on the stock price.
Future Outlook:
- Analysts remain cautiously optimistic about BOI’s prospects. Continued economic recovery in India and successful resolution of asset quality issues could unlock further growth potential.
- However, global economic uncertainties and domestic policy changes can introduce unexpected challenges.
Dividend History Of Bank Of India Share
| Date | Dividend per Share (₹) | Dividend Type | Dividend Yield (%) |
|---|---|---|---|
| March 2023 | 2 | Final | 3.37 |
| July 2022 | 2 | Final | 3.37 |
| May 2022 | 5 | Final | 8.42 |
| January 2022 | 5 | Interim | 8.42 |
Trends and Considerations:
- BOI usually pays two dividends annually: an interim dividend and a final dividend.
- Amounts haven’t been consistent, varying based on factors like profitability, growth strategy, and regulatory environment.
- The current dividend yield is around 3.37%, offering a moderate income stream for investors.
Analyst Recommendations For Bank Of India Share
- Buy:
Analysts recommend buying the stock, indicating a positive outlook and potential for future price appreciation.
- Hold/Hold Neutral:
Analysts suggest holding existing positions. This recommendation may imply that the stock’s performance is expected to be steady, with limited upside or downside potential.
- Sell:
Analysts recommend selling the stock, signaling a negative outlook and potential for future price decline.
- Outperform/Overweight:
Suggests that the stock is expected to perform better than the average market returns. It is a more positive recommendation than a simple “Buy.”
- Underperform/Underweight:
Indicates that the stock is expected to perform below average compared to the market. It is a more negative recommendation than a simple “Sell.”
- Equal Weight:
Suggests that the stock is expected to perform in line with the overall market. It is a neutral recommendation.
- Strong Buy:
Signifies a highly positive outlook, with analysts expecting significant price appreciation.
- Strong Sell:
Represents a strongly negative outlook, with analysts expecting significant price depreciation.
Bank Of India Price Trends
- Stock Charts:
Utilize stock charts to visually assess historical price movements. Candlestick charts, line charts, and bar charts are commonly used.
- Moving Averages:
Use moving averages (such as the 50-day and 200-day moving averages) to identify trends and potential trend reversals.
- Support and Resistance Levels:
Identify key support and resistance levels on the price chart. These levels can indicate where the stock is likely to encounter buying or selling pressure.
- Relative Strength Index (RSI):
Monitor the RSI to gauge overbought or oversold conditions. An RSI above 70 may indicate overbought conditions, while an RSI below 30 may indicate oversold conditions.
- Trendlines:
Draw trendlines to connect highs or lows on the price chart. Trendlines can help identify the direction of the trend.
- Volume Analysis:
Analyze trading volume along with price movements. Volume can confirm the strength of a trend or indicate potential trend reversals.
- Chart Patterns:
Look for chart patterns such as head and shoulders, triangles, or flags, which may provide insights into potential price movements.
Earning Reports And Financial Statements
Earning Reports:
- Bank of India releases its earning reports quarterly and annually. You can find them on their official website in the “Investor Relations” section: https://bankofindia.co.in/financial-result.
- Key documents include:
- Income Statement: This details revenue, expenses, and net income for the period, offering a snapshot of profitability.
- Balance Sheet: This provides a picture of the bank’s assets, liabilities, and shareholder equity at a specific date, showcasing its financial position.
- Cash Flow Statement: This shows the movement of cash for operating, investing, and financing activities, revealing how the bank manages its resources.
- Management Discussion and Analysis (MD&A): This section provides the bank’s interpretation of the financial results and their outlook for the future.
Financial Statements:
You can access the individual financial statements within the earning reports on the Bank of India website.
- The three main statements are:
- Income Statement: This tracks revenue and expenses over a period, ultimately leading to net income. Analyzing trends in revenue, interest income, and operating expenses can reveal the bank’s growth and profitability drivers.
- Balance Sheet: This presents a static picture of the bank’s assets (loans, investments, etc.) and liabilities (deposits, borrowings, etc.) at a specific date. Comparing balance sheets over time can reveal changes in the bank’s capital structure and risk profile.
- Cash Flow Statement: This shows the sources and uses of cash for operating, investing, and financing activities during a period. Analyzing cash flow from operations can assess the bank’s ability to generate cash internally, while cash flow from investing and financing activities can reveal its growth strategies and funding sources.
Bank Of India News And Updates
- Share Price and Performance: BOI shares experienced a modest gain of 5.6% over the past year, but have fluctuated around 12% in the past three months. Analysts remain cautiously optimistic about its future, though global uncertainties and domestic policy changes could pose challenges. (Source: The Hindu BusinessLine)
- Dividend History: BOI typically pays two dividends annually, with recent payouts ranging from ₹2 to ₹5 per share. The current dividend yield stands at around 3.4%. (Source: Bank of India website, Moneycontrol)
- Financial Results: Bank of India’s latest quarterly results (June 2023) showed a net profit of ₹7,022 crore and ROE of 12.10%. However, concerns remain around asset quality with relatively high NPA levels. (Source: The Hindu BusinessLine)
- Digital Transformation: BOI is actively embracing digital initiatives, expanding its reach and fostering financial inclusion. This focus on technology is seen as a positive factor for future growth. (Source: Bank of India website)
- Loan Portfolio Diversification: The bank is diversifying its loan portfolio to mitigate risks and expand market share. This strategy is viewed as a promising step towards long-term sustainability. (Source: Canara Bank website)
What is the Future of Bank Of India Share?
- As of January 29, 2024, the BOI share price is around ₹131.50.
- The bank has shown some positive signs, like consistent profit growth and improving return on equity (ROE).
- However, concerns remain regarding high asset quality issues (NPAs) and potential macroeconomic headwinds.
Analyst Predictions:
- Analyst predictions for BOI share price in 2024 vary, with some offering a target price as high as ₹130.00, while others remain cautious.
- These predictions are based on factors like:
- Expected improvement in asset quality.
- Potential loan growth for the bank.
- Broader economic outlook.
Important Factors to Consider:
- Internal factors: BOI’s ability to manage NPAs, improve operational efficiency, and adopt new technologies will significantly impact its future performance.
- External factors: The overall economic climate, government policies, and industry trends will also play a crucial role.
What will be BOI Share Price in 2025?
Current Position (January 29, 2024):
- BOI share price is around ₹131.50.
- The bank has shown progress in some areas like consistent profit growth and improving ROE.
- Concerns remain regarding high NPAs and potential economic headwinds.
Factors Affecting Future Price:
- Internal factors: BOI’s ability to manage NPAs, improve operational efficiency, and adopt new technologies will significantly impact its future performance.
- External factors: The overall economic climate, government policies, industry trends, and global events will also play a crucial role.
Analyst Predictions:
- Analyst predictions for BOI’s 2024 share price are diverse, ranging from ₹130.00 to cautious estimates. Predicting 2025 further increases the uncertainty due to additional unknown variables.
What is the Share Price Target of BOI Bank in 2025?
Current Share Price (January 29, 2024): ₹131.50
Current Analyst Target Prices for 2024:
- Range: ₹130.00 to cautious estimates depending on the analyst.
- Source: Analysts’ reports and financial websites like Investing.com.
Important to Remember:
- Predicting 2025 prices adds another layer of uncertainty due to unforeseen events and market fluctuations.
- Target prices are based on various factors, including:
- Analyst assessments of future performance based on current trends.
- Assumptions about the economy, industry, and company-specific developments.
- Each analyst’s methodology and risk tolerance.
Frequently Asked Questions
It depends on your risk tolerance and investment goals. BOI offers moderate gains with a decent dividend yield, but faces challenges like high NPAs and economic uncertainties. Analyzing its financial statements and consulting a financial advisor are crucial before investing.
Its price has grown slightly (5.6%) over the past year, but shows volatility in the short term (12% fluctuation in the past 3 months).
It typically pays two dividends per year, with recent payouts ranging from ₹2 to ₹5 per share. The current dividend yield is around 3.4%.
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