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Bank of India rose for a fifth straight session today. The stock is quoting at Rs 144, up 2.92% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.01% on the day, quoting at 23958.55. The Sensex is at 76230.39, up 1.08%. Bank of India has dropped around 2.38% in last one month.
Meanwhile, Nifty PSU Bank index of which Bank of India is a constituent, has dropped around 7.74% in last one month and is currently quoting at 8006.15, up 2.03% on the day. The volume in the stock stood at 65.4 lakh shares today, compared to the daily average of 116.49 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 143.63, up 2.57% on the day. Bank of India is up 22.75% in last one year as compared to a 4.17% fall in NIFTY and a 21.66% fall in the Nifty PSU Bank index.
The PE of the stock is 6.06 based on TTM earnings ending March 26.
PSU Banks hares rebounded on value buying after falling over the past five trading sessions.
At 12:25 IST, the barometer index, the S&P BSE Sensex surged 820.32 points or 1.12% to 75,451.24. The Nifty 50 index added 286.70 points or 1.23% to 23,693.60.
The broader market underperformed the frontline indices. The BSE 150 MidCap Index shed 0.04% and the BSE 250 SmallCap Index fell 0.61%.
The market breadth was strong. On the BSE, 1,931 shares rose and 2,019 shares fell. A total of 208 shares were unchanged.
In the foreign exchange market, the rupee weakened against the dollar. The partially convertible rupee was hovering at 95.7450 compared with its previous close of 95.6650. The Indian rupee also touched a fresh intraday record low of 95.9625 against the US dollar.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.72% to 18.90. The Nifty 26 May 2026 futures were trading at 23,725, at a premium of 31.4 points as compared with the spot at 23,693.60,
The Nifty option chain for the 26 May 2026 expiry showed a maximum call OI of 53.6 lakh contracts at the 24,000 strike price. A maximum put OI of 45.4 lakh contracts was seen at the 23,000 strike price.
Economy:
India’s WPI inflation rose sharply to 8.3% in April compared with 3.88% in March 2026, mainly due to soaring fuel and crude oil prices, government data showed. Fuel and power inflation spiked to 24.71% during the month against 1.05% in March.
Crude petroleum and natural gas prices rose 16.42% month-on-month, while food articles prices increased 1.41%. Minerals prices also moved higher.
Buzzing Index:
The Nifty PSU Bank index advanced 1.58% to 6,191.95. The index had declined 7.09% in the last five sessions.
Bank of Baroda (up 1.89%), Bank of India (up 1.49%), Indian Bank (up 1.36%), Union Bank of India (up 1.13%), Punjab National Bank (up 0.9%), Punjab & Sind Bank (up 0.71%), State Bank of India (up 0.69%), Indian Overseas Bank (up 0.48%), UCO Bank (up 0.43%) and Canara Bank (up 0.38%) surged.
Stocks in Spotlight:
ADF Foods added 3.70% after the company reported 57.6% jump in consolidated net profit to Rs 25.9 crore on a 23.7% rise in revenue from operations to Rs 196.7 crore in Q4 FY26 as compared with Q4 FY25.
Bajel Projects surged 10.17% after the company secured a major EPC order for a 400 kV transmission line project from Power Grid Corporation of India through its SPV, Bellary Davanagere Power Transmission.
Net Interest income (NII) increased 11.01% to Rs 6,730 crore in Q4 FY26. Global net interest margin (NIM) stood at 2.58% in Q4 FY26.
Global deposits stood at Rs 9,27,271 crore as on 31st March 2026, up 13.56% compared with Rs 816,541 crore as on 31st March 2025. Domestic CASA rose 7.30% YoY to Rs 300,765 crore as on 31st March 2026. CASA ratio fell to 37.64% as on 31st March 2026 as against 40.2% as on 31st March 2025.
Global advances stood at Rs 7,40,314 crore as on 31st March 2026, up 15.82% compared with Rs 666,047 crore as on 31st March 2025.
Gross NPAs declined to 1.98% as of 31st March 2026, from 3.27% as of 31st March 2025. Net NPAs fell to 0.56% as of 31st March 2026 from 0.82% as of 31st March 2025.
The provision coverage ratio (PCR) as on 31st March 2026 was at 93.57%. Capital adequacy ratio (CAR) as at the end of Q4 FY26 stood at 18.1%. As on 31st March 2026, CET-1 ratio stood at 15.05% while Tier-1 ratio stood at 15.36%.
Meanwhile, the company’s board recommended a dividend of Rs 4.65 per equity share with a face value Rs 10 each fully paid up for the FY2025-26. The record date has been fixed as 29th May 2026.
Bank of India is a public sector bank. The Government of India held a 73.38% stake in the bank as of 31st March 2026.
For the full year,net profit rose 7.94% to Rs 10306.30 crore in the year ended March 2026 as against Rs 9548.28 crore during the previous year ended March 2025. Total Operating Income rose 6.04% to Rs 75613.28 crore in the year ended March 2026 as against Rs 71307.71 crore during the previous year ended March 2025.
Global deposits stood at Rs 9,27,271 crore as on 31st March 2026, up 13.56% compared with Rs 816,541 crore as on 31st March 2025. Domestic CASA rose 7.30% YoY to Rs 300,765 crore as on 31st March 2026. CASA ratio fell to 37.64% as aon 31st March 2026 as against 40.2% as on 31st March 2025.
Global advances stood at Rs 7,40,314 crore as on 31st Match 2026, up 15.82% compared with Rs 666,047 crore as on 31st March 2025.
The scrip shed 0.39% to end at Rs 139.75 on the BSE.