Bank of India
BANKINDIA

126.15

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

126.15

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

126.10

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Reduce
Reco. Price
Rs 125.80
We recommend REDUCE based on capital constraints, weak asset quality and higher credit cost pressurizing business growth and profitability. The slow recovery in profitability over FY16-18E is expected to keep the stock under pressure. The stock is trading at FY18E P/B of 0.6x. (Target Price- Rs.111.5)
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50 DMA (.)
123.54
100 DMA (.)
118.51
200 DMA (.)
113.87
Weekly Range (.)
125.55
131.40
Monthly Range (.)
122.85
131.40
52 Weeks Range (.)
78.40
138.50
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