Bank of India (BOI) is currently trading at Rs. 346.75, up by 6.05 points or 1.78% from its previous closing of Rs. 340.70 on the BSE.
The scrip opened at Rs. 341.05 and has touched a high and low of Rs. 349.50 and Rs. 341.05 respectively. So far 19,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 498.40 on 18-Apr-2011 and a 52 week low of Rs. 290.25 on 26-Aug-2011.
Last one week high and low of the scrip stood at Rs. 349.50 and Rs. 321.20 respectively. The current market cap of the company is Rs. 18,949.00 crore.
The promoters holding in the company stood at 65.86% while Institutions and Non-Institutions held 27.23% and 6.91% respectively.
BOI and AXA Investment Managers Asia Holdings, a subsidiary of AXA Investment Managers, part of AXA Group have agreed to enter into a joint venture in asset management business carried on by Bharti AXA Investment Managers (BAIM). BAIM is the asset management company to Bharti AXA Mutual Fund.
In the proposed joint venture, BOI will acquire 51% of the equity and the balance will be with AXA Group. Ernst &Young were the advisors to the transaction. Further, the above transaction is subject to regulatory approvals.
The bank’s net profit for the quarter has declined 20.38% at Rs 491.10 crore as compared to Rs 616.78 crore for the corresponding quarter of the previous year. The bank’s total income has increased by 34.63% at Rs 7728.16 crore for the second quarter of the current fiscal from Rs 5740.05 crore for the corresponding quarter of the previous year.
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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