Buy Bank of India, target price Rs 146: HDFC Securities
Bank of India with a target price of Rs 146.0. The current market price of Bank of India is Rs 120.45.
Bank of India, incorporated in the year 1906, is a banking company (having a market cap of Rs 53493.85 Crore).
Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2023.
Financials For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 16779.41 Crore, up 5.36 % from last quarter Total Income of Rs 15926.04 Crore and up 29.06 % from last year same quarter Total Income of Rs 13001.32 Crore.
The bank reported net profit after tax of Rs 1498.55 Crore in latest quarter.
Promoter/FII Holdings Promoters held 81.41 per cent stake in the company as of 30-Sep-2023, while FIIs owned 2.92 per cent, DIIs 9.53 per cent.
