Bank of India Share Price Today

Bank of India Stock Trends in 2018

1. On January 1, 2018, the price of a Bank of India share opened on the National Stock Exchange (NSE) at Rs.176. Towards the end of the month, the prices began to fall, reaching Rs.161 on the 31st.
2. Throughout February, the price of the scrip dwindled down. On the 7th, the price per stock was Rs.146.70 and by 19th, the price came down to Rs.125. This trend was seen as banking stocks saw slow movement.
3. On March 12, 2018, the price per scrip was Rs.97.70 as PSU Bank stocks did not show much gains in the market.
4. In April, prices picked up during the first half of the month, reaching Rs.113.20 on the 9th as the prices of PSU stocks rose due to favourable market conditions.
5. May began on a low note but prices improved after the first week reaching Rs.103.05. On the 18th, the price fell to Rs.95.30 but soon went up to Rs.106.45 by the 28th.
6. On June 1, the price was Rs.99 per stock and as PSU stocks incurred loses, the price fell to Rs.94.50 on the 5th. The following week, there was a rise in price on the 14th, when the cost per share reached up to Rs.102.05. On the 28th, the price fell to Rs.87.70 due to unfavourable market conditions.
7. The price fell to Rs.82 on July 16 due to 52-week lows on the stock exchange in spite of a positive market sentiment. With other developments such as factory growth being down in China and slipping of oil prices, there was a slight improvement but the price closed at a moderate Rs.103.50 on the 31st.
8. On August 1, the price of the Bank of India share stood at Rs.94.60.

Bank of India Stock Trends in 2016 and 2017

1. On January 1, 2016, the price of the BOI scrip was Rs.114.90. The rate fell during the first week and consequently stood at Rs.93 on the 19th.
2. On February 1, 2016, the price per BOI share was Rs.101.45. As Q3 results were announced, the price continued to see a downward trend, falling to Rs.84.10 on the 29th.
3. By March 2016, the stock prices began to pick up gradually, but still did not cross the Rs.100 mark.
4. On April 1, 2016, the cost per share was Rs.96.80 and by 5th, the price increased to Rs.99.20. By May 4, the cost went down again reaching Rs.87.20 and by the 25th of the month, the price became Rs.79.95 as BOI reported a loss in Q4.
5. On June 1, 2016, the markets opened at Rs.87.35. The price of share went up gradually and stood at Rs.100.65 on the 29th of the month.
6. In July 2016, the prices saw an inclining trend, reaching Rs.114.70 on the 12th. There were no major fluctuations seen in this month.
7. As prices were pretty steady during August in 2016, in September the price went up to Rs.124 on the 9th. The price trend in October was pretty steady and hovered a little over the Rs.100 mark.
8. Prices reach up to Rs.126.60 by November 16, 2016. December began on a high note of Rs.119. The year closed at the price of Rs.106.30.
9. On January 2, 2017, the cost per share was Rs.107.75. By the end of the month, the price had inclined to Rs.120.
10. On February 9, 2017, the price went up, reaching Rs.133.80. In March, the prices remained steady and throughout April, an inclining trend was observed. On April 28, 2017, the price inclined to Rs.174.
11. As an announcement was made on the change in the directorate, the price increased, going up to Rs.188.60 on May 4, 2017. The very next day, the price went up to Rs.192.55.
12. Throughout June, the prices remained low. On the 27th, the price sank as low as Rs.134.15. With favourable conditions, prices picked up in July and reached Rs.160 on the 25th.
13. On August 22, 2017, the price stood at Rs.140.75, influenced by a fresh 52-week low. In September, PSU stocks again took a hit and prices did not show much promise.
14. Though October began on a dull note, the price reached Rs.191 on the 26th as PSU bank indexes went up.
15. As the Nifty PSU Bank index stood as one of the top sectoral gainers, the price peaked at Rs.213 on November 17, 2017. Prices came down slightly over the course of December and the year closed at Rs.196.20.

Should you invest in Bank of India?

1. Bank of India has introduced various innovative products and services such as the insta-PIN debit-cum-ATM cards, a fool-proof fraud prevention system, and other technologically driven practices.
2. They have in place a robust mobile banking facility, through which customers can bank from anywhere and at any time using their mobile phones.
3. Banking stocks are generally considered a relatively good option and can throw up great opportunities for wealth creation.
4. Asset quality is an important factor to assess before making a purchase decision and this does not seem that impressive as of now but may present growth opportunities in the future.

Company Information

Headquartered in Mumbai, Bank of India has more than 5,000 branches in India. The bank has grown immensely over the years with a good national and international network. The bank offers different types of deposit options as savings, salary, current, and term deposit and tax savings schemes. Some of the other services include CASA term insurance, personal loans, home loans, car loans, educational loans, credit cards, debit cards, etc. Apart from this, the bank also offers various Non-Resident Indian (NRI) banking solutions. The bank also provides a number of internet banking services. BOI has financial centres in New York, Paris, New Jersey, London, Hong Kong, Singapore, and Tokyo.

History of the Company

Bank of India was founded by a group of businessman from Mumbai on September 7, 1906. BOI was run under the private ownership model and it was nationalised in 1969 with as many as 13 other banks in the country. The bank was first set up in Mumbai with a paid-up capital of around Rs.50 lakh and just about 50 employees. BOI was one among the first banks in the league to embrace innovative practices. In 1989, it was one among the first nationalised banks to set up a completely computerised branched equipped with an ATM at its Mumbai-based Mahalaxmi Branch. In 1982, the bank led the way for the Health Code System that is used for evaluating and rating credit portfolios. In 1997, the bank went on to make its public issue.

Management of the Company

Shri Dinabandhu Mohapatra - Managing director and CEO

Mohapatra joined BOI in 1984 as a direct recruit officer. He is a post-graduate in Economics and also has a degree in law. With more than 30 years of experience, he has held leadership and senior level positions across the country. His areas of expertise include recovery, marketing, corporate lending, priority sector lending, international banking, treasury operations and human resources. He has served as the Chief Executive Officer at BOI's Singapore and Hong Kong centres.

Shri Neelam Damodharan - Executive Director

Shri Neelam Damodharan became as an executive director on February 16, 2017. Before taking over to his current position, he was serving as the chief executive of US operations in Bank of Baroda. Damodharan comes with an experience of more than 30 years in operational and policy levels. In 1983, he joined Bank of Baroda as a direct recruit officer.

Shri Atanu Kumar Das - Executive Director

Shri Atanu Kumar Das became as an executive director on February 17, 2017. In 1994, he joined the banking sector as an economist and comes with a little over 20 years of experience. He has previously served in Vijaya Bank.

Shri Chaitanya Gayatri Chintapalli - Executive Director

Shri Chaitanya Gayatri Chintapalli began serving as an executive director on October 9, 2017. He joined Bank of India in June 1985 as a probationary agricultural officer. He is a post graduate in agriculture and been a part of BOI for the last 32 years. Over the course of the years, he has held senior and managerial positions across different branches in India. He has a wide range of administrative, banking, operational and overseas experience.

Bank of India Listings in NSE, BSE, and Indices

Bank of India equity shares are available for trading on the National Stock Exchange of India Limited and the Bombay Stock Exchange. The respective codes for the same have been mentioned below.

1. NSE Code: BANKINDIAEQ
2. BSE Code: 532149
3. ISIN: INE084A01016
4. Sector: Banking and Finance

Coming to the stock market indices, the company comprises the following:

1. Nifty 200
2. Nifty 500
3. Nifty Full Midcap 100
4. Nifty High Beta 50
5. Nifty LargeMidcap 250
6. Nifty Midcap 100
7. Nifty Midcap 150
8. Nifty Midcap 50
9. Nifty MidSmallcap 400
10. Nifty PSU Bank
11. S&P BSE 150 MidCap Index
12. S&P BSE 200
13. S&P BSE 250 LargeMidCap Index
14. S&P BSE 400 MidSmallCap Index
15. S&P BSE 500
16. S&P BSE AllCap
17. S&P BSE Dollex - 100
18. S&P BSE Dollex - 200
19. S&P BSE Enhanced Value
20. S&P BSE Finance
21. S&P BSE LargeMidCap
22. S&P BSE MidCap
23. S&P BSE MidSmallCap
24. S&P BSE PSU

Registered Office

Bank of India

Star House

C- 5, 'G' Block,

Bandra Kurla Complex,

Bandra (East),

Mumbai 400051

Phone: 022- 66684444

Email: BOI.Callcentre@bankofindia.co.in

Stocks vs. Mutual Funds: here's what we recommend

Stock market investments require a lot of research and knowledge. They do not generally offer any tax benefits and are regarded as high-risk investments. Hence,it is crucial to have a diversified portfolio. At Bankbazaar, we encourage our readers to invest on mutual funds.It doesn't require a lot of knowledge and equity linked mutual fund schemes offer tax benefits. Additionally, since mutual funds comprise stocks from multiple companies, they help in building a diversified portfolio.