Bank of India dropped for a fifth straight session today. The stock is quoting at Rs 71.25, down 5.32% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.78% on the day, quoting at 17021. The Sensex is at 57784.35, down 0.78%.Bank of India has eased around 8.89% in last one month.Meanwhile, Nifty Pharma index of which Bank of India is a constituent, has eased around 5.54% in last one month and is currently quoting at 3746.55, down 2.2% on the day. The volume in the stock stood at 113.4 lakh shares today, compared to the daily average of 140.73 lakh shares in last one month.

The PE of the stock is 9.41 based on TTM earnings ending December 22.

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Shares of the PSU lender lost 11.41% in five trading sessions from its recent closing high of Rs 81.16 on 6 March 2023.

On the BSE, 6.37 lakh shares were traded in the counter so far compared with average daily volumes of 18.33 lakh shares in the past two weeks. The stock hit a high of Rs 75.17 and a low of Rs 70.9 so far during the day.

The stock hit a 52-week high of Rs 103.5 on 15 December 2022. The stock hit a 52-week low of Rs 40.4 on 20 June 2022.

The stock had underperformed the market over the past one month, declining 7.52% compared with 4.87% decline in the Sensex.

The scrip had also underperformed the market in past three months, sliding 27.74% as against Sensex's 7.37% rise.

However, the counter had outperformed the market in past one year, jumping 47.19% as against 2.78% increase in the Sensex.

On the technical front, the stock's daily RSI (relative strength index) stood at 39.980. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading below its 50-day and 100-day simple moving average (SMA) placed at 82.19 and 80.43 respectively. These levels will act as crucial ressitance zones in near term.

Bank of India is a public sector bank. The Government of India held 81.41% stake in the bank as on 31 December 2022.

The state-run bank's net profit increased 12% to Rs 1,151 crore on 26.3% rise in total income to Rs 14,159.60 in Q3 FY23 over Q3 FY22.

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Bank of India rose for a third straight session today. The stock is quoting at Rs 75.55, up 2.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.37% on the day, quoting at 17386.65. The Sensex is at 59129.15, down 0.47%. Bank of India has dropped around 5.27% in last one month.

Meanwhile, Nifty Pharma index of which Bank of India is a constituent, has dropped around 2.92% in last one month and is currently quoting at 3767.2, up 0.21% on the day. The volume in the stock stood at 101.77 lakh shares today, compared to the daily average of 115.19 lakh shares in last one month.

The PE of the stock is 9.26 based on TTM earnings ending December 22.

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Bank of India has revised its Marginal Cost of Fund based Lending Rates with effect from 01 March 2023 as under:

Overnight - 7.50%
One month - 7.95%
Three month - 8%
Six month - 8.25%
One year - 8.50%
Three year - 8.70%

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