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.

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Bank of India stock price

On April 23, 2014, Bank Of India closed at Rs 232.40, up Rs 5.65, or 2.49 percent. The 52-week high of the share was Rs 341.80 and the 52-week low was Rs 126.95.


The company's trailing 12-month (TTM) EPS was at Rs 36.89 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 6.3. The latest book value of the company is Rs 303.77 per share. At current value, the price-to-book value of the company is 0.77.

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