Monday, 28 May 2018

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

BANK OF INDIA share price has Zoomed 5% and is presently trading at Rs 108.
Meanwhile, the BSE BANKEX Index is at 29,862 (Up 1.1%).
Among the top Gainers in the BSE BANKEX Index today are BANK OF INDIA (up 5.05%) and PNB (up 6.30%).
Over the last one year, BANK OF INDIA has moved down from Rs 149 to Rs 108, registering a loss of Rs 41 (down 27.28%)
On the other hand, the BSE BANKEX has moved up from 26,291 to 29,862, registering a gain of 3,571 points (up 13.58%) during the last 12 months.
The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 35.87%), INDUSIND BANK (up 31.20%) and HDFC BANK (up 26.30%).
What About the Benchmark Indices?
The BSE Sensex is at 35,180 (up 0.72%).
The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 7.05%), GAIL (up 4.24%) and BHEL (up 4.00%). Other gainers include COAL INDIA (up 2.75%) and L&T (up 2.23%). The most traded stocks in the BSE Sensex are SUN PHARMA and RELIANCE IND..
In the meantime, NSE Nifty is at 10,696 (up 0.82%). SUN PHARMA (up 7.15%) and BPCL (up 5.20%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 30,750 to 35,180, registering a gain of 4,430 points (up 14.40%).
BANK OF INDIA Financial Update...
BANK OF INDIA net profit declined 2301.8% YoY to Rs 23 billion for the quarter ended December 2017, compared to a loss of Rs 1 billion a year ago. Net Sales rose 95.0% to Rs 93.3 billion during the period as against Rs 98.2 billion in October-December 2016.
For the year ended March 2017, BANK OF INDIA reported 5.1% decrease in net profit to Rs 1.5 billion compared to net profit of Rs 28.3 billion during FY16.
Revenue of the company grew 94.0% to Rs 396 billion during FY17.
The current Price to earnings ratio of BANK OF INDIA, based on rolling 12 month earnings, stands at down 3.7x.
This article was originally published in English at www.equitymaster.com
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