Bank of India surges on floating 100% subsidiary in Uganda

20 Jun 2012 Evaluate

Bank of India is currently trading at Rs. 340.55, up by 5.20 points or 1.55% from its previous closing of Rs. 335.35 on the BSE.

The scrip opened at Rs. 337.40 and has touched a high and low of Rs. 341.55 and Rs. 335.50 respectively. So far 11506 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 425.85 on 28-Jun-2011 and a 52 week low of Rs. 261.00 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 358.85 and Rs. 328.00 respectively. The current market cap of the company is Rs. 19508.53 crore.

The promoters holding in the company stood at 62.72% while Institutions and Non-Institutions held 30.97% and 6.3% respectively. 

Bank of India (BOI) has floated a 100% subsidiary namely 'Bank of India (Uganda). The subsidiary has commenced its operations from June 18, 2012 in Uganda. Recently, BOI and AXA Investment Managers Asia Holdings, a subsidiary of AXA Investment Managers, part of AXA Group has completed the formalities for acquisition of 51% of the equity stake of Bharti AXA investment Managers and Bharti AXA Trusteeship Services (Bharti AXA MF).

Bank of India reported a rise of 7.18% in its consolidated net profit at Rs 2724.86 crore for the year ended March 31, 2012 as compared to Rs 2542.42 crore for the same period in the previous year. Total income of the bank on consolidated basis has jumped 30.33% at Rs 31930.19 crore for year under review as compared to Rs 24500.25 crore for the period ended March 31, 2011.

Bank Of India Share Price

102.95 -3.60 (-3.38%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
SBI 812.50
Bank Of Baroda 240.30
Canara Bank 99.65
PNB 100.70
Union Bank Of India 116.60
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