Bank of India is currently trading at Rs. 146.95, up by 1.25 points or 0.86% from its previous closing of Rs. 145.70 on the BSE.
The scrip opened at Rs. 147.95 and has touched a high and low of Rs. 147.95 and Rs. 145.60 respectively. So far 259113 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 197.25 on 05-May-2017 and a 52 week low of Rs. 83.50 on 03-Jun-2016.
Last one week high and low of the scrip stood at Rs. 150.55 and Rs. 140.75 respectively. The current market cap of the company is Rs. 15472.38 crore.
The promoters holding in the company stood at 73.72%, while Institutions and Non-Institutions held 18.88% and 7.40% respectively.
Bank of India is exploring opportunities to divest stake in some other non-core subsidiaries depending on right valuation. This step is taken in order to unlock capital and turn the corner as it has been saddled with bad loans.
The bank’s gross non-performing assets (NPAs) or bad loans were restricted to 13.22% of the gross advances at the end of March 2017, marginally higher than 13.07% a year ago. Net NPAs however declined to 6.90% of the net advances at the end of last fiscal, as against 7.79% a year earlier.
The Bank has reported a net loss of Rs 1045.54 crore for the quarter ended March 31, 2017 as compared to a net loss of Rs 3587.11 crore for the same quarter in the previous year. However, total income of the Bank increased by 8.35% at Rs 12335.71 crore for quarter under review as compared to Rs 11384.91 crore for the quarter ended March 31, 2016.
| Company Name | CMP |
|---|---|
| SBI | 1068.00 |
| PNB | 109.35 |
| Canara Bank | 134.65 |
| Bank Of Baroda | 263.50 |
| Union Bank Of India | 166.00 |
| View more.. | |
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