Q4 PAT Up 18%: PSU Bank Falls For Fifth Straight Session, Down 6% In 1-Week

Leading public sector bank, Bank of India witnessed a decline of 6% in last 1-week. It recorded a decline in its shares for fifth straight session on BSE. Last trading price of Bank of India share is Rs 70.72 apiece after a dip of 1.26% intraday toll 2:17 pm. In last 1-year, Bank of India share gave return of 55% when Sensex soared 19% in comparison. Board of directors of Bank of India declared Rs 2.00 per share dividend and the ex-dividend date was June 20, 2023. Check details below:

Bank of India Stock Performance & Return: Current market price of Bank of India stock is Rs 70.61 apiece on BSE. Its 52-week high price is Rs 103.50 apiece and 52-week low price is Rs 43.90 apiece, respectively. Its market capitalisation is Rs 28,975.28 crore. The shares of Bank of India declined 5% in last 1-month, registered 22% dip YTD, 19% fall in last 6-months, and gave 38% return in last 3-months.

Bank of India Declared 20% Dividend: As per the BSE filing of Bank of India, "This is to inform that the Board of Directors of the Bank in their meeting dated 06.05.2023 has recommended dividend of Rs.2.00 (i.e.20%) per share on equity shares of the Bank for the Financial year 2022-23. Accordingly, we wish to inform you that the Record Date for determining the eligibility of members entitled to receive dividend on equity shares is Tuesday, 20th June, 2023."

Bank of India Financial Performance: The banking company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 16,715.95 crore, up 17.57% from preceding quarter total income of Rs 14,218.03 crore. It announced its net profit after tax at Rs 1413.86 crore in latest quarter. It declared its operating profit surged by 34.09% from Rs.9,988 crore for FY22 to Rs 13,393 crore in FY23. Its net profit rallied by 18.15% YOY from Rs 3,405 crore in FY22 to Rs 4,023 crore.

Bank of India About: Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks, according to its official website.

Disclaimer: The stock witnessed nearly 6% decline in last 1-week. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.