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Bank Of India shares down by 8 percent
By siliconindia
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Monday, 02 May 2011, 23:34 IST
Bangalore: Bank Of India was among the top losers after its price went down by nearly 8 percent. After opening the day at 
445.10, the stock touched its 52 week low of 310.15, before closing the trade at 456.95, with a loss of 7.73 percent. Through the day, 596796 shares of Bank Of India were traded in the market with a PE ration of 9.15.
Bank of India is an India-based company. As of March 31, 2010, the bank had presence at 29 locations in 18 countries across four continents. The bank has 3101 branches in India spread over all states/ union territories including 141 specialized branches. The Bank has one Joint Venture Bank in Zambia and a subsidiary each in Tanzania and Indonesia. The company operates in three business segments: Treasury Operations, Wholesale Banking Operations and Retail Banking Operations. Treasury Operations includes the entire investment portfolio, which include dealing in government and other securities, money market operations and foreign exchange (Forex) operations. Wholesale Banking includes all advances, which are not included under Retail Banking. Retail Banking includes exposures which fulfill two criteria: exposure - the maximum aggregate exposure up to 5 crore and the total annual turnover is less than 50 crore.
The company's has posted a net profit for the period Q3 (ending Dec 10) of the current fiscal (FY10-11). During the quarter, net profit rose 25.4 percent to 382.42 crores in comparison to 304.99 crores of Q3 (ending Dec 09) of previous year (FY09-10). Out of 38 analysts following the stock, 19 are recommending buying the stock and 9 are recommending holding. The consensus recommendation is outperform.
445.10, the stock touched its 52 week low of 310.15, before closing the trade at 456.95, with a loss of 7.73 percent. Through the day, 596796 shares of Bank Of India were traded in the market with a PE ration of 9.15.
Bank of India is an India-based company. As of March 31, 2010, the bank had presence at 29 locations in 18 countries across four continents. The bank has 3101 branches in India spread over all states/ union territories including 141 specialized branches. The Bank has one Joint Venture Bank in Zambia and a subsidiary each in Tanzania and Indonesia. The company operates in three business segments: Treasury Operations, Wholesale Banking Operations and Retail Banking Operations. Treasury Operations includes the entire investment portfolio, which include dealing in government and other securities, money market operations and foreign exchange (Forex) operations. Wholesale Banking includes all advances, which are not included under Retail Banking. Retail Banking includes exposures which fulfill two criteria: exposure - the maximum aggregate exposure up to 5 crore and the total annual turnover is less than 50 crore.
The company's has posted a net profit for the period Q3 (ending Dec 10) of the current fiscal (FY10-11). During the quarter, net profit rose 25.4 percent to 382.42 crores in comparison to 304.99 crores of Q3 (ending Dec 09) of previous year (FY09-10). Out of 38 analysts following the stock, 19 are recommending buying the stock and 9 are recommending holding. The consensus recommendation is outperform.
