Bank of India is a leading public sector bank in India. It was founded in 1906 and is headquartered in Mumbai. The bank has 4,937 branches in India, including 58 overseas branches, and offers a wide range of banking products and services to its customers. It offers retail banking, corporate banking, international banking, NRI banking, and financial services. It is one of the few banks in India to have won multiple awards for its performance.
BOI Stock Price History
Bank of India has been listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) since 1923. The bank’s stocks have had a volatile history, with the stock price reaching a high of ₹542.20 in November 2010 and a low of ₹41.30 in March 2020. The stock has since recovered and is currently trading at ₹108.35 as of October 2020. Bank of India’s stocks has generally been underperforming compared to the broader markets.
At the time of writing, the share price of BOI is ₹ 78.6 with a market cap of ₹ 32,152 Crore and a ROCE of 4.14%.
BOI in recent news
- Morgan Stanley is bullish on BoI, SBI, PNB, Canara Bank and BoB; see up to 38% upside.
- BOI hikes interes rate for special fixed deposit schemes.
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Ind-Ra upgrades Bank of India rating from AA to AA+
How to buy Bank of India shares in India?
If you want to buy Bank of India shares, you can do so by opening a Demat account with a stockbroker. You can then transfer money to your broker’s account and use the funds to buy Bank of India shares. It is important to do your own research and understand the risks associated with investing in stocks before investing. Some of the platforms to buy shares online are Zerodha, Angel Broking, HDFC Securities, and ICICI Direct.
BOI Share Price Prediction 2023-2030
Bank of India Share Price Target 2023
| When | Maximum Price | Minimum Price |
| February 2023 | ₹74.74 | ₹68.03 |
| March 2023 | ₹70.30 | ₹61.77 |
| April 2023 | ₹68.04 | ₹63.95 |
| May 2023 | ₹61.70 | ₹55.46 |
| June 2023 | ₹74.04 | ₹56.95 |
| July 2023 | ₹88.84 | ₹68.34 |
| August 2023 | ₹97.73 | ₹75.17 |
| September 2023 | ₹102.61 | ₹78.93 |
| October 2023 | ₹97.73 | ₹75.17 |
| November 2023 | ₹107.50 | ₹82.69 |
| December 2023 | ₹120.40 | ₹92.61 |
Bank of India’s share price target for 2023 looks promising with a bullish trend from June to December. The minimum price in December 2023 is expected to be around ₹92.61, while the maximum price could reach up to ₹120.40. The bank may shown real growth potential in the third and fourth quarters of 2023, which could further boost investor confidence.
Bank of India is a good public sector bank to hold, with a revenue of ₹51.79 billion last December 2022 and a net profit of ₹9.15 billion in the last quarter. Investors may want to keep an eye on the bank’s performance and upcoming announcements to make informed investment decisions.
Bank of India Share Price Target 2024
| When | Maximum Price | Minimum Price |
| January 2024 | ₹126.74 | ₹97.49 |
| February 2024 | ₹142.40 | ₹118.67 |
| March 2024 | ₹149.89 | ₹121.87 |
| April 2024 | ₹136.27 | ₹104.82 |
| May 2024 | ₹113.56 | ₹87.35 |
| June 2024 | ₹136.27 | ₹104.82 |
| July 2024 | ₹115.83 | ₹89.79 |
| August 2024 | ₹127.41 | ₹101.12 |
| September 2024 | ₹133.78 | ₹102.91 |
| October 2024 | ₹157.39 | ₹121.07 |
| November 2024 | ₹165.26 | ₹127.12 |
| December 2024 | ₹168.56 | ₹129.66 |
Bank of India’s share price target for 2024 shows an upward trend throughout the year. The maximum price is expected to reach ₹168.56 in December 2024, while the minimum price could be around ₹87.35 in May 2024. The bank’s performance looks promising, with consistent growth potential. In January 2024, the maximum price could be around ₹126.74, and the minimum price could be around ₹97.49.
Similarly, in February 2024, the maximum price could reach ₹142.40, and the minimum price could be around ₹118.67. Bank of India’s performance in the fourth quarter of 2024 looks particularly strong, with the maximum price expected to reach ₹165.26 in November and ₹168.56 in December.
Investors should keep an eye on the bank’s financial reports and announcements to make informed investment decisions.
Bank of India Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | ₹171.94 | ₹132.26 |
| February 2025 | ₹180.98 | ₹139.22 |
| March 2025 | ₹190.03 | ₹146.18 |
| April 2025 | ₹169.67 | ₹130.52 |
| May 2025 | ₹154.25 | ₹118.65 |
| June 2025 | ₹169.67 | ₹130.52 |
| July 2025 | ₹161.59 | ₹124.30 |
| August 2025 | ₹168.33 | ₹129.48 |
| September 2025 | ₹176.74 | ₹135.96 |
| October 2025 | ₹187.35 | ₹144.11 |
| November 2025 | ₹200.46 | ₹154.20 |
| December 2025 | ₹204.47 | ₹157.29 |
Bank of India’s share price target for 2025 shows a positive trend with an expected upward movement in the share price throughout the year. The maximum price for the year is expected to be around ₹204.47 in December 2025, while the minimum price is expected to be around ₹118.65 in May 2025.
The bank’s performance in the year looks promising, with growth potential that investors can take advantage of. In January 2025, the maximum price could be around ₹171.94, and the minimum price could be around ₹132.26. Similarly, in February 2025, the maximum price could reach ₹180.98, and the minimum price could be around ₹139.22.
The bank’s growth percentage is expected to be high, with the maximum price projected to be around ₹200.46 in November 2025, indicating a significant increase from the beginning of the year.
Bank of India Share Price Target 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹143.13 | ₹100.19 |
| 2027 | ₹121.66 | ₹85.16 |
| 2028 | ₹218.99 | ₹153.29 |
| 2029 | ₹449.84 | ₹314.88 |
| 2030 | ₹500.95 | ₹350.67 |
After reaching the glory of ₹ 204.47 in 2025, the market will be bearish and will reach ₹ 85.16 in 2027. The market will see a significant bull run in 2028 for 2 years and will reach the price of ₹ 449.84 by the end of 2029. The share prices will also cross the mark of ₹500 in 2030 and end the decade with glory.
Bank of India Financial Condition: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | |||
| Sales | 38,312.80 | 41,004.82 | 42,590.77 | 40,853.83 | 38,280.91 | |||
| Expenses | 24,618.06 | 26,874.19 | 26,386.07 | 17,671.52 | 16,262.69 | |||
| Operating Profit | 13,694.74 | 14,130.63 | 16,204.70 | 23,182.31 | 22,018.22 | |||
| Other Income | 5,845.89 | 4,862.24 | 6,687.06 | 6,778.33 | 8,091.73 | |||
| Depreciation | 521.68 | 372.84 | 391.96 | 380.09 | 371.68 | |||
| Interest | 27,678.83 | 27,207.12 | 27,191.46 | 26,420.95 | 24,083.43 | |||
| Profit before tax | -8,659.88 | -8,587.09 | -4,691.66 | 3,159.60 | 5,654.84 | |||
| Tax | -2,587.00 | -3,161.00 | -1,640.42 | 1,079.03 | 2,167.53 | |||
| Net profit | -5,961.31 | -5,426.57 | -3,051.04 | 2,082.75 | 3,492.57 | |||
| EPS | -34.20 | -19.67 | -9.31 | 6.36 | 8.51 | |||
| Price to earning | -3.03 | -5.30 | -3.46 | 10.68 | 5.39 | |||
| Price | 103.55 | 104.25 | 32.25 | 67.85 | 45.85 | |||
| RATIOS: | ||||||||
| Dividend Payout | 0.00% | 0.00% | 0.00% | 0.00% | 23.50% | |||
| OPM | 35.74% | 34.46% | 38.05% | 56.74% | 57.52% |
FAQs
Will BOI share price grow in 2023?
The financial condition of the bank has improved from last 2 years. It is expected that BOI will continue posting positive numbers which should reflect on its share price in a positive manner.
What is the market cap of the Bank of India?
As of March 27 2023, the market capitalization of Bank of India is around ₹29,092 crore.
What is the expected Bank of India Share price for 2025?
The future of Bank of India looks bright as it is currently performing well and is expected to maintain the same in the years ahead. Hence, 2025 is expected to be a great year for BOI share holders. According to our analysis and calculation, the Bank of India Share price will reach a maximum of 204.47 INR by the end of 2025.
Can the Bank of India share price reach Rs. 500?
It is difficult to predict whether or not the Bank of India share price can reach Rs. 500 as it is highly dependent on the performance of the bank and the overall market conditions. However, if the bank’s performance is strong and the market remains bullish, then it is possible that the share price could reach Rs. 500 by 2030.
Also read:
- Central Bank of India share price target 2023 to 2030
- HDFC Bank Share Price Target 2023 to 2030
- Tata Power share price target 2023 to 2030
Conclusion: Should you buy BOI shares in 2023?
Bank of India is a leading public sector bank in India. It has been listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) since 1923. The bank’s stocks have had a volatile history, with the stock price reaching a high of ₹542.20 in November 2010 and a low of ₹41.30 in March 2020.
The stock has since recovered and is currently trading at ₹68.9 as of March 27th 2023. Bank of India’s price prediction for 2023, 2024, or 2025 is highly dependent on the performance of the bank and the overall market conditions. However next two years should be bullish for public sector banks like BOI.
If the bank’s performance is strong and the market remains bullish, then it is possible that the share price could increase in the future.
Banks’s current P/E ratio is 10.27, which with respect to other bank stocks, I find it cheap. This is why I am holding BOI shares in my long term portfolio.
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