SENSEX NIFTY
Jan 09, 2013, 11.33 AM IST | Source: Moneycontrol.com

Bank of India gains 1.75% on fund raising plan

State-owned lender Bank of India rallied as much as 1.75 percent intraday on Wednesday on fund raising plan.

Bank of India gains 1.75% on fund raising plan

State-owned lender Bank of India rallied as much as 1.75 percent intraday on Wednesday on fund raising plan.

Yesterday in a meeting, the board of directors of the bank have approved the raising of Tier-I capital by issue fresh equity shares to the Government of India (promoters) or to other investors, on preferential basis or otherwise, subject to necessary approvals.

The government of India owns holds 62.72 percent stake or 35.99 crore equity shares of the bank.
 
At 09:37 hours IST, the stock rose 1.51 percent to Rs 370.40 on Bombay Stock Exchange. The share price surged 21 percent in last one month and 26 percent in one year.

Also Read
Global markets lackluster; will Nifty hold 6k today?
Stocks in news: Cholamandalam, Maruti, Axis Bank, EPC Irrigation
Bull's eye: Buy Unitech, SCI, Jai Corp, DB Realty

Bank of India stock price

On October 31, 2014, Bank Of India closed at Rs 285.40, up Rs 11.45, or 4.18 percent. The 52-week high of the share was Rs 356.75 and the 52-week low was Rs 166.00.


The company's trailing 12-month (TTM) EPS was at Rs 39.98 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 7.14. The latest book value of the company is Rs 465.37 per share. At current value, the price-to-book value of the company is 0.61.

READ MORE ON  Bank of India
Set email alert for

ADS BY GOOGLE

video of the day

See 7% GDP by FY17; like pvt banks, autos: Kotak's Prasad

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.