CAPITAL4 NEWS

 

  • NIFTY5,482.8  
  • -22.6 -0.4%
  • SENSEX18,061.5  
  • -83.8 -0.5%

Bank of India flares up on decent Q3 outcome

Source: Capital Market, Friday, January 27th, 01:51 PM

Bank of India jumped 4.59% at Rs 357.70 at 13:47 IST on BSE after net profit rose 9.64% to Rs 716.15 crore on 30.85% increase in total income to Rs 8002.27 crore in Q3 December 2011 over Q3 December 2010.

Meanwhile, the BSE Sensex was up 85.92 points, or 0.50%, to 17,163.10. On BSE, 8.49 lakh shares were traded in the counter as against an average daily volume of 88,600 shares in the past one quarter.

The stock hit a high of Rs 365.20 and a low of Rs 336.35 so far during the day. The stock had hit a 52-week low of Rs 261 on 2 January 2012. The stock had hit a 52-week high of Rs 498.40 on 18 April 2011.

The stock had outperformed the market over the past one month until 25 January 2012, gaining 16.82% compared with the Sensex's 8.50% rise. The scrip had also outperformed the market in past one quarter, rising 8.57% as against 1.03% fall in the Sensex.

The large-cap state-run bank has an equity capital of Rs 546.48 crore. Face value per share is Rs 10.

The bank's ratio of net non-performing assets (NPAs) as on 31 December 2011 was at 1.78%, higher than 0.88% as on 31 December 2010.

The bank's capital adequacy ratio as on 31 December 2011 was 11.18% as against 12.41% as on 31 December 2010.The result was announced during trading hours today, 27 January 2012.