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Bank of India surges on the BSE

31 Dec 2018 Evaluate

Bank of India is currently trading at Rs. 104.95, up by 2.00 points or 1.94% from its previous closing of Rs. 102.95 on the BSE.

The scrip opened at Rs. 104.00 and has touched a high and low of Rs. 105.20 and Rs. 103.75 respectively. So far 120511 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 182.75 on 25-Jan-2018 and a 52 week low of Rs. 73.30 on 25-Oct-2018.

Last one week high and low of the scrip stood at Rs. 105.20 and Rs. 96.75 respectively. The current market cap of the company is Rs. 17943.96 crore.

The promoters holding in the company stood at 83.09%, while Institutions and Non-Institutions held 12.59% and 4.32% respectively.

Government of India has conveyed its decision to invest Rs 10,086 crore in the equity of Bank of India (BoI) by way of preferential allotment. Further, Board of Directors of the Bank would be considering by way of circular resolution on or after January 02, 2019 the proposal for raising capital by this infusion and further issue of equity shares / securities.

BoI offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.

Peers
Company Name CMP
State Bank Of India 993.50
PNB 118.25
Bank Of Baroda 237.00
Canara Bank 125.80
Union Bank Of India 179.60
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