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Bank of India surges on reporting 5- fold jump in Q1 consolidated net profit

  • bitnet infotech
  • August 4, 2020
  • 5:06 am

Bank of India is currently trading at Rs. 48.80, up by 0.75 points or 1.56% from its previous closing of Rs. 48.05 on the BSE.

The scrip opened at Rs. 49.90 and has touched a high and low of Rs. 49.90 and Rs. 48.60 respectively. So far 68752 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 79.80 on 28-Nov-2019 and a 52 week low of Rs. 30.45 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 50.15 and Rs. 45.10 respectively. The current market cap of the company is Rs. 16007.77 crore.

The promoters holding in the company stood at 89.10%, while Institutions and Non-Institutions held 6.18% and 4.72% respectively.

Bank of India has reported 3- fold jumps in its net profit of Rs 843.60 crore for the quarter ended June 30, 2020 as against Rs 242.62 crore for the same quarter in the previous year. Total income of the bank increased by 3.60% at Rs 11941.52 crore for Q1FY21 as compared Rs 11526.95 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported 5- fold jumps rise in its net profit of Rs 845.78 crore for the quarter ended June 30, 2020 as against Rs 154.10 crore for the same quarter in the previous year. Total income of the bank increased by 3.52% at Rs 12022.48 crore for Q1FY21 as compared Rs 11613.21 crore for the corresponding quarter previous year.

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