Bank of India is currently trading at Rs. 129.45, up by 0.55 points or 0.43% from its previous closing of Rs. 128.90 on the BSE.
The scrip opened at Rs. 129.00 and has touched a high and low of Rs. 130.75 and Rs. 128.70 respectively. So far 80,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 138.70 on 10-Feb-2017 and a 52 week low of Rs. 78.60 on 25-May-2016.
Last one week high and low of the scrip stood at Rs. 131.20 and Rs. 124.05 respectively. The current market cap of the company is Rs. 13,653.00 crore.
The promoters holding in the company stood at 73.72%, while Institutions and Non-Institutions held 18.76% and 7.52% respectively.
Bank of India is in process of raising Basel-3 compliant additional tier-1, perpetual Bonds -series 4, for an amount of Rs 500 crore with a green shoe option of Rs 500 crore, aggregating Rs 1000 crore by private placement. The Bonds have been rated as ‘AA-’ (outlook Stable) by Brickwork Ratings India and ‘A+/ Negative’ by CRISIL.
Bank of India has reported a net profit of Rs 101.72 crore for the quarter ended December 31, 2016, as compared to net loss of Rs 1505.58 crore for the same quarter in the previous year. Total income of the bank increased by 4.57% at Rs 11594 crore for quarter under review as compared to Rs 11086.95 crore for the quarter ended December 31, 2015.