Buy Bank Of India With Short Term Target Of Rs 464

Bank of India
Technical analyst Simi Bhaumik has maintained 'buy' rating on Bank of India routine with a short-term target of Rs 464.

The analyst thought with the aim of the routine can be purchased with a bring to a halt loss of Rs 449.

The routine of the company, on December 21, congested by the side of Rs 451.60 on the Bombay Stock Exchange (BSE).

The share charge has seen a 52-week prohibitive of Rs 588 and a low of Rs 310.05 on BSE.

Current EPS & P/E ratio stood by the side of 41.42 and 10.92 correspondingly.

For the quarter ended September 2010, Bank of India (BOI) declared a growth in standalone get profit.

During July-Sep episode, the company's profit surged 1.90 time to Rs 6,167.80 million as compared to Rs 3,233.40 million throughout the corresponding quarter prior time.

The company's calculate takings has zoomed to Rs 57,400.50 million throughout the quarter as contrary to Rs 51,649.60 million in place of the same episode of carry on time.

Set up in the time 1906, Bank of India owns 3101 divisions in the terrain allotment on all states/UT's comprising 141 specialized divisions.

Bank of India appeared with its basic shared circulation in the time 1997 and be an enthusiast of on QIP in February 2008.