Sharekhan's research report on Bank of India
Bank of India (BOI) reported mixed operating performance with lower-than-expected NII and PAT growth during Q1FY2020. GNPA and NNPA have deteriorated in percentage terms but NNPA in absolute terms is stable. The overhang of big-ticket infrastructure and corporate loans still exists, which is likely to keep upside limited.
Outlook
We maintain our Hold rating on the stock with a revised price target (PT) of Rs. 80.
For all recommendations report, click here
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