Bank of India shares rise to four-month high on strong Q2 update

Bank of India shares rise to four-month high on strong Q2 update

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Bank of India stock rose as much as 2.7% on October 7 to four-month high of Rs 129.45.

Shares of the public sector lender are set for sixth consecutive session of gains, during which it rose 11%.

The lender's domestic advances rose 14.6% YoY, while deposits grew 8.5% as of the quarter-ended September, it said in a stock exchange filing.

Morgan Stanley called Q2 a strong quarter for BoI after the initial update. However, the global brokerage has an 'Underweight' call on the stock with a target price of Rs 110 per share.

"The balanced momentum across deposits and credit provides stability to the franchise and should aid earnings consistency," said ICICI Securities.

At 1 pm on October 7, Bank of India shares were trading 0.8% higher at Rs 127 apiece. The 52-week high of the stock is Rs 130.24 and 52-week low is Rs 90. The market capitalisation of the stock is Rs 57,800 crore.

So far in 2025, shares of Bank of India rose 27% as against 17% rise in Nifty PSU Bank index.

Bank of India reported a 32.2% year-on-year (YoY) rise in consolidated net profit for the quarter ended June 2025 at Rs 2,252 crore, up from Rs 1,703 crore in the same quarter last year. The growth was led by an expansion in advances across retail, MSME and overseas segments.

Global advances grew 12.02% YoY, with domestic loans up 11.24%. Overseas advances rose 16.34%, while retail and MSME loans expanded by 20% and 17%, respectively. Agriculture credit also showed healthy growth of 12%.