Bank of India surges on reporting 97% rise in Q2 consolidated net profit
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Bank of India is currently trading at Rs. 101.23, up by 2.19 points or 2.21 % from its previous closing of Rs. 99.04 on the BSE.
The scrip opened at Rs. 101.40 and has touched a high and low of Rs. 101.99 and Rs. 100.10 respectively. So far 705572 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.02 on 20-Sep-2023 and a 52 week low of Rs. 65.20 on 04-Nov-2022.
Last one week high and low of the scrip stood at Rs. 102.27 and Rs. 94.75 respectively. The current market cap of the company is Rs. 41610.16 crore.
The promoters holding in the company stood at 81.41 % while Institutions and Non-Institutions held 12.47 % and 6.12 % respectively.
Bank of India has reported results for second quarter ended September 30, 2023 (Q2FY24).
The bank has reported 51.92% rise in its net profit at Rs 1,458.43 crore for the quarter under review as compared to Rs 960.00 crore for the same quarter in the previous year. Total income of the bank increased by 28.99% at Rs 16,659.13 crore for Q2FY24 as compared to Rs 12,914.72 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 97.93% rise in its net profit at Rs 1,488.82 crore for Q2FY24 as compared to Rs 752.18 crore for the same quarter in the previous year. Total income of the bank increased by 29.06% at Rs 16,779.41 crore for Q2FY24 as compared to Rs 13,001.32 crore for the corresponding quarter previous year.
