A strong eye for chances that can produce substantial returns over the long run is necessary for stock market investing. Buying stock in BANK OF INDIA, one of the top public sector banks in India, is one such chance. BANK OF INDIA, which has a history spanning more than a century, has a significant presence in the banking sector and has been offering financial services to millions of people all throughout India. It makes sense for an investor to be interested in the company’s potential for future growth and its anticipated share price.
In this article, we will examine the projected share price for BANK OF INDIA for the years 2023 to 2030.
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BANK OF INDIA IN RECENT NEWS
- Bank of India plans to raise capital up to Rs 6,500 crore in the fiscal year 2023-24.
- The board of Bank of India will convene a meeting today to deliberate on the fundraising plan worth Rs 6,500 crore.
BANK OF INDIA SHARE PRICE TARGET 2023
|BANK OF INDIA SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
In June 2023, the maximum share price for BANK OF INDIA is ₹78.95, and the minimum share price is ₹60.73. This suggests that the share price may experience some fluctuations within this range during this month. However, July 2023 shows a significant increase in the share price target, with a maximum of ₹94.74 and a minimum of ₹72.88. August and September 2023 also show a similar upward trend, with the maximum share price target reaching ₹109.42 in September 2023. The share price targets for October, November, and December 2023 remain within the range of ₹80.16 to ₹128.39, with a maximum share price of ₹128.39 observed in December 2023.
BOI SHARE PRICE TARGET 2024
|BANK OF INDIA SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
In January 2024, the maximum share price target is ₹135.15, while the minimum is ₹1037.03. However, it should be noted that the minimum share price target seems unusually high and could be due to a data error. In February and March 2024, the share price target is expected to remain within the range of ₹126.54 to ₹159.85. April and May 2024 show a decrease in the share price target, with the minimum price target reaching ₹93.15 in May. However, June 2024 shows a similar share price target to that of April, indicating a possible recovery. In July and August 2024, the share price target is expected to remain within the range of ₹95.75 to ₹135.87. September 2024 shows a slight increase in the maximum share price target, reaching ₹142.66. The share price targets for October, November, and December 2024 are expected to remain within the range of ₹129.11 to ₹179.75, with the maximum share price target observed in December 2024.
BANK OF INDIA (BOI) SHARE PRICE TARGET 2025
|BANK OF INDIA SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
The share price is expected to continue its upward trend from the previous years. The maximum price target for January 2025 is ₹183.35, while the minimum price target is ₹141.04. This suggests a potential increase of 29.9% from the minimum target to the maximum target. In February, the maximum price target is ₹193.00, and the minimum price target is ₹148.46. The share price is expected to rise further in March, with the maximum price target of ₹202.65 and the minimum price target of ₹155.88.
As we move into the second half of the year, the share price is expected to maintain its upward momentum. The maximum price target for November is ₹213.77, while the minimum price target is ₹164.44. In December, the maximum price target is ₹218.04, and the minimum price target is ₹167.73. This indicates a potential increase of 30% from the minimum target to the maximum target.
BOI SHARE PRICE TARGET 2026 TO 2030
|BANK OF INDIA SHARE PRICE TARGET 2026 TO 2030||Maximum Price||Minimum Price|
Bank of India’s share price is set to experience a fair amount of volatility in the coming years. The maximum price for 2026 is expected to be ₹152.63, while the minimum price could dip down to ₹106.84. In 2027, the maximum price is projected to be ₹129.74, with the minimum price potentially reaching ₹90.82.
However, things start to look up in 2028, with the maximum price expected to be ₹233.53 and the minimum price hovering around ₹163.47. By 2029, the maximum price is predicted to shoot up to ₹479.70, with the minimum price expected to be ₹335.79.
Finally, in 2030, the maximum price is expected to be ₹534.21, with the minimum price projected to be ₹373.95. Overall, it seems that Bank of India’s share price could be quite volatile in the coming years, but there is also the potential for significant growth, particularly in 2029 and 2030.
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FINANCIAL STRENGTH OF BANK OF INDIA (2019 TO 2023)
|Year||Mar 2019||Mar 2020||Mar 2021||Mar 2022||Mar 2023|
|Financing Margin %||-32%||-26%||-8%||-5%||-1%|
|Profit before tax||-8,587||-4,692||3,160||5,655||6,056|
|Dividend Payout %||0%||0%||0%||24%||21%|
Looking at the financial statement of BANK OF INDIA. Revenue fluctuated over these years, starting at Rs. 41,005 crores in March 2019 and reaching a peak of Rs. 47,932 crores in March 2023. However, the bank experienced a decrease in interest income, declining from Rs. 27,207 crores in March 2019 to Rs. 24,083 crores in March 2022, before slightly recovering to Rs. 27,441 crores in March 2023.
The bank also witnessed a decrease in expenses from Rs. 26,874 crores in March 2019 to Rs. 16,263 crores in March 2022, followed by a slight increase to Rs. 21,177 crores in March 2023. The financing profit, representing the bank’s overall profitability, showed a negative trend, with losses decreasing over the years, from Rs. 13,076 crores in March 2019 to Rs. 686 crores in March 2023. The other income, comprising non-interest revenue, showed some fluctuations but remained relatively stable.
The bank’s profit before tax experienced a significant turnaround, moving from a loss of Rs. 8,587 crores in March 2019 to a profit of Rs. 6,056 crores in March 2023. The net profit also witnessed a positive shift, changing from a loss of Rs. 5,426 crores in March 2019 to a profit of Rs. 3,839 crores in March 2023.
Overall, the financials of Bank of India indicate a recovery and improvement in profitability over the analyzed period.
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What is the net profit margin of BANK OF INDIA?
The net profit margin of BANK OF INDIA in FY 2023 is 8.01%.
What is the basic EPS of BANK OF INDIA?
The basic EPS (Earnings Per Share) of Bank of India in FY 2023 was Rs. 9.35.
How much was the total income of BANK OF INDIA in FY 2023?
The total income of Bank of India in FY 2023 (March 2022 to March 2023) was Rs. 47,932 crores.
What was the PAT growth percentage of BANK OF INDIA in FY 2023?
The PAT growth percentage of BANK OF INDIA in FY 2023 was 10.10%%, which has significantly increased from the previous year.
Has the revenue growth of BANK OF INDIA been consistent over the past five years?
Revenue figures for each year from FY 2019 to FY 2023:
- Mar 2019: Rs. 41,005 crores
- Mar 2020: Rs. 42,591 crores
- Mar 2021: Rs. 40,854 crores
- Mar 2022: Rs. 38,281 crores
- Mar 2023: Rs. 47,932 crores
By analyzing the revenue figures, it appears that the revenue growth of Bank of India has not been consistent over the past five years. There have been fluctuations in revenue from year to year, indicating varying levels of growth.
In FY 2020, there was a modest increase in revenue compared to the previous year. However, in FY 2021, the revenue declined, followed by a further decrease in FY 2022.
However, there was a notable recovery and significant growth in FY 2023, where the revenue increased substantially compared to the previous year.
What was Bank of India’s share price target for 2025?
Bank of India’s minimum and maximum share price target for 2025 is Rs.126.53 and Rs. 218.04 respectively.
What was Bank of India’s share price target for 2030?
Bank of India’s minimum and maximum share price target for 2030 is Rs. 373.95 and Rs. 534.21 respectively.
Bank of India has shown signs of improving profitability, as evidenced by the positive net profit figures in recent years. The bank managed to turn losses into profits, with notable growth in net profit from FY 2021 to FY 2023.
Although the specific net profit margins for the earlier years are not provided, the available data suggests a net profit margin of approximately 8.01% in FY 2023. This figure indicates the bank’s ability to generate profit relative to its revenue.
Bank of India has demonstrated some control over expenses, as seen by the decrease in expenses from FY 2019 to FY 2022. However, expenses increased slightly in FY 2023, which could be an area to monitor for the bank.
Bank of India’s results for FY 2022 and FY 2023 showed some progress, with a 4.26% drop in total income and a 54.91% increase in profit after taxes. Despite this encouraging development, the business continues to struggle with provisions and contingencies that have significantly decreased over the last five years.
Before choosing to purchase shares in BANK in INDIA, investors should assess the risks and potential in light of these aspects. It is advisable to do a comprehensive review of the business’ financial data as well as market trends, rivalry, and macroeconomic issues.
Disclaimer: I hold Bank of India shares. However, this post is no way influenced based on my current holding.