Jan 09, 2013, 11.33 AM IST
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.
Bank of India stock price
On December 06, 2013, Bank Of India closed at Rs 220.25, up Rs 2.90, or 1.33 percent. The 52-week high of the share was Rs 392.20 and the 52-week low was Rs 126.95.
The company's trailing 12-month (TTM) EPS was at Rs 52.73 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 4.18. The latest book value of the company is Rs 400.88 per share. At current value, the price-to-book value of the company is 0.55.
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