Bank of India surges on reporting 63% rise in Q3 consolidated net profit
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Bank of India is currently trading at Rs. 58.05, up by 1.55 points or 2.74% from its previous closing of Rs. 56.50 on the BSE.
The scrip opened at Rs. 56.55 and has touched a high and low of Rs. 59.40 and Rs. 56.20 respectively. So far 2230901 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 101.45 on 19-Feb-2021 and a 52 week low of Rs. 48.80 on 20-Dec-2021.
Last one week high and low of the scrip stood at Rs. 59.55 and Rs. 53.75 respectively. The current market cap of the company is Rs. 23780.17 crore.
The promoters holding in the company stood at 81.41%, while Institutions and Non-Institutions held 12.03% and 6.55% respectively.
Bank of India has reported a rise of 90.02% in its net profit at Rs 1027.45 crore for the quarter ended December 31, 2021 as compared to Rs 540.72 crore for the same quarter in the previous year. However, total income of the bank decreased by 7.65% at Rs 11211.14 crore for Q3FY22 as compared Rs 12140.44 crore for the corresponding quarter previous year.
On the consolidated basis, the Bank has reported a rise of 63.19% in its net profit at Rs 996.04 crore for the quarter under review as compared to Rs 610.37 crore for the same quarter in the previous year. However, total income of the bank decreased by 7.64% at Rs 11270.60 crore for Q3FY22 as compared Rs 12202.41 crore for the corresponding quarter previous year.
