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Bank of India slips despite reporting over 2- fold jump in Q3 consolidated net profit
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Bank Of India is currently trading at Rs. 141.15, down by 10.45 points or 6.89% from its previous closing of Rs. 151.60 on the BSE.
The scrip opened at Rs. 147.95 and has touched a high and low of Rs. 147.95 and Rs. 138.70 respectively. So far 4511489 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 156.35 on 02-Feb-2024 and a 52 week low of Rs. 66.05 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 156.35 and Rs. 132.10 respectively. The current market cap of the company is Rs. 64101.56 crore.
The promoters holding in the company stood at 73.38%, while Institutions and Non-Institutions held 18.96% and 7.66% respectively.
Bank of India has reported 62.42% rise in its net profit at Rs 1869.51 crore for the quarter ended December 31, 2023 as compared to Rs 1151.01 crore for the same quarter in the previous year. Total income of the bank increased by 15.90% at Rs 16411.10 crore for Q3FY24 as compared to Rs 14159.60 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported over 2- fold jump in its net profit at Rs 1930.48 crore for Q3FY24 as compared to Rs 914.72 crore for the same quarter in the previous year. Total income of the bank increased by 16.20% at Rs 16520.83 crore for Q3FY24 as compared to Rs 14218.03 crore for the corresponding quarter previous year.
