Bank Of India Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

The commercial bank Bank of India 29, which is owned by the state and has its headquarters in Mumbai, stands out. It caters to both retail and business customers with its various banking products and services. The bank likewise offers different administrations, for example, unfamiliar trade activities for organizations, dealer banking for NRIs, and so on. Asset recovery operations, high-tech agricultural financing, lease financing for small businesses, and other specialties are handled by specialized branches. One of India’s domestic banks is Bank Of India.

Bank Of India Share Price Target 2024-2030

The Bank of India ltd. is performs well because its share prices aren’t very high, but they keep going up every day. However, there are chances that the share prices and demand for shares will eventually go up, and the company’s performance in its core field will also improve in the future, which will have an impact on the company’s earnings and revenue. Notwithstanding, from the beyond couple of years the organization has been procuring a sensible benefit which prompts a sensible interest for shares in the stock trades.

Bank Of India Share Price Target Today Update

With a history that spans more than a century, the Bank of India (BOI) has been a prominent player in the Indian banking sector. BOI has adapted its strategies over the course of several monetary cycles as a public regional bank to remain relevant in an increasingly competitive economic landscape. For investors looking to determine the functionality trajectory of their investments in the financial institution, the evaluation of BOI’s percent fee intention from 2024 to 2030 is essential. This assessment will dive into key monetary measurements, market opinion, and outside components that could affect the monetary company’s extent rate over the resulting various years.

Current Financial of Bank Of India Share Price

According to the most recent records, BOI’s market capitalization was approximately 52.36 crore INR at its opening price of 116.00 INR, with a high of 119.50 INR and a low of 117.70 INR. The financial institution has a P/E ratio of 7.26, which suggests that the stock is significantly undervalued in comparison to its profits, which may be appealing to fee customers. Additionally, shareholders benefit from an ordinary earnings pass thanks to the dividend yield of 2.43 percent.

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Bank Of India Business Profile

The amount of the bank’s advances as of FY24 is Rs. 5.85 Lakh Cr, and its total business, including deposits and advances, is Rs. 13.24 lakh crore, which makes it India’s sixth-largest nationalized bank. The activities of the bank are comprised of three divisions: Treasury Operations, Wholesale Banking Operations, and Retail Banking Operations. Among the services that the bank offers are investing in monetary securities, business property speculation funds, safe keeping deposits, buying and selling gold bars, and lending plastic cards.

International Business

In addition to establishing 21 foreign branches, a representative office, four overseas subsidiaries, one joint venture (JV), and an IFSC banking unit, the organization expanded its international footprint. It has operations abroad in fifteen countries and five continents, including the Cayman Islands, the United Kingdom (UK), France, Belgium, Tanzania, and Kenya, among others. This will account for approximately 15% of the bank’s total business mix by FY24.

New Products

The bank introduced the new products “BOI Star Rooftop Solar Panel Finance” and “BOI Star Family Savings Account” in that fiscal year 2024. Individuals could borrow up to Rs. 10 lakhs, while registered housing societies could borrow up to Rs. 1 crore. For all of your banking, investment, and payment requirements, the Bank’s BOI Mobile Omni Neo app offers more than 300 features. It added a new data center and improved intrabank networks to its digital infrastructure for FY24.

Outlook

The bank is extending an increment of around 13% in its homegrown credit and around 12% in the event of homegrown stores for FY25, with accentuation on the CASA and retail term stores. Its strategy calls for collecting low-cost funds, increasing high-yielding advances like RAM (Retail, Agriculture, and MSME), maintaining a NIM of 3% by FY25, and increasing Mid-Corporate Advances.

Earnings & Revenue Growth Prospects

BOI’s profits and earnings are expected to rise by 14.8% and 12.2% annually, respectively. The organization’s capacity to increase profits and expand its business operations can be seen in this forecast. The normal development in Profit Per Offer (EPS) with the valuable asset of 12.4% with regards to annum further highlights the money related business undertaking’s capacity to improve investor rate. The financial business’ Profit from Value (ROE) is guage to be at 11.2% with regards to annum over the ensuing 3 years.

Risks & Challenges For Bank Of India Share Price

Although the Bank of India’s share price goals for BOI from 2024 to 2030 offer a positive outlook, it is essential to keep in mind the risks and challenges that could affect these projections. The banking industry is particularly affected by macroeconomic factors like hobby costs, inflation, and government regulations. BOI’s profitability and, consequently, its percentage rate will be affected by any negative changes in these regions.

Bank Of India Fundamentals & Quarterly Results

Market Cap	₹ 54,928 Cr.
Current Price	₹ 121
High / Low	₹ 158 / 85.2
Stock P/E	7.98
Book Value	₹ 155
Dividend Yield	2.31 %
ROCE	5.69 %
ROE	9.98 %
Face Value	₹ 10.0
FCF Prev Ann	₹ -7,569 Cr.
Debt to Equity	11.6
Debt Preceding Year	₹ 7,37,209 Cr.
Reserves	₹ 66,028 Cr.
Quick Ratio	3.44
Current Ratio	3.44
Free Cash Flow	₹ -5,264 Cr.

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Bank Of India Quarterly Results

Quarter	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Revenue	10,043	11,545	12,796	13,548	14,442	15,062	15,319	16,250	17,046
Interest	5,915	6,433	7,144	7,948	8,467	9,256	9,792	10,242	10,693
Expenses +	4,409	5,313	5,291	6,590	4,579	4,546	4,190	6,041	5,269
Financing Profit	-281	-201	360	-990	1,396	1,260	1,337	-33	1,084
Financing Margin %	-3%	-2%	3%	-7%	10%	8%	9%	-0%	6%
Other Income +	1,165	1,456	1,422	3,168	1,484	1,717	1,202	1,830	1,338
Depreciation	0	0	0	0	0	0	0	0	0
Profit Before Tax	884	1,255	1,782	2,178	2,880	2,977	2,539	1,797	2,422
Tax %	34%	40%	35%	36%	48%	50%	25%	17%	28%
Net Profit +	659	853	915	1,413	1,562	1,499	1,931	1,574	1,890
EPS in Rs	1.60	2.08	2.23	3.44	3.81	3.65	4.24	3.46	4.15
Gross NPA %
Net NPA %

CAGR Report

Metric	10 Years	5 Years	3 Years	TTM/1 Year
Compounded Sales Growth	5%	8%	14%	22%
Compounded Profit Growth	8%	26%	48%	45%
Stock Price CAGR	-8%	13%	24%	38%
Return on Equity	-1%	5%	8%	10%

Bank Of India Shareholding Pattern

Metric	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
Promoters	83.09%	87.05%	89.10%	89.10%	81.41%	81.41%	73.38%	73.38%
FIIs	1.19%	0.70%	0.40%	0.48%	0.72%	2.67%	4.52%	3.61%
DIIs	11.67%	7.32%	5.82%	5.11%	11.07%	10.36%	15.82%	15.46%
Public	4.04%	4.93%	4.68%	5.31%	6.80%	5.57%	6.27%	7.55%
No. of Shareholders	2,65,374	3,14,114	3,33,382	4,10,305	5,12,552	4,77,568	6,17,238	7,05,599

Bank Of India Share Price Target 2024-2030 Forecast

Year	Initial Target	Mid-Year Target	Year-End Target
2024	₹154.71	₹196.83	₹222.1
2025	₹227	₹214	₹256
2026	₹261	₹245	₹294
2027	₹300	₹282	₹336
2028	₹343	₹323	₹385
2029	₹393	₹369	₹440
2030	₹449	₹421	₹503

BANK OF INDIA Share Price Target 2025

Month	Target
January	₹227
February	₹232
March	₹237
April	₹229
May	₹221
June	₹214
July	₹223
August	₹232
September	₹241
October	₹246
November	₹251
December	₹256

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BANK OF INDIA Share Price Target 2026

Month	Target
January	₹261
February	₹266
March	₹271
April	₹262
May	₹253
June	₹245
July	₹255
August	₹265
September	₹276
October	₹282
November	₹288
December	₹294

BANK OF INDIA Share Price Target 2027

Month	Target
January	₹300
February	₹306
March	₹312
April	₹302
May	₹292
June	₹282
July	₹293
August	₹305
September	₹317
October	₹323
November	₹329
December	₹336

BANK OF INDIA Share Price Target 2028

Month	Target
January	₹343
February	₹350
March	₹357
April	₹345
May	₹334
June	₹323
July	₹336
August	₹349
September	₹363
October	₹370
November	₹377
December	₹385

BANK OF INDIA Share Price Target 2029

Month	Target
January	₹393
February	₹401
March	₹409
April	₹395
May	₹382
June	₹369
July	₹384
August	₹399
September	₹415
October	₹423
November	₹431
December	₹440

BANK OF INDIA Share Price Target 2030

Month	Target
January	₹449
February	₹458
March	₹467
April	₹451
May	₹436
June	₹421
July	₹438
August	₹456
September	₹474
October	₹483
November	₹493
December	₹503

Final Words

The Bank of India is poised for significant expansion over the next ten years, with its percent fee expected to reach new heights by the year 2030. While there are times of expected instability and capacity declines, the general direction is great, pushed through the utilization of the monetary organization’s solid fundamentals, vital commitments, and good money related circumstances. If the bank is able to successfully navigate the challenging conditions earlier and capitalize on developing opportunities within the Indian banking sector, investors looking for long-term growth opportunities may also find BOI’s stock to be an appealing choice.