North India Statesman
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News India Live, Digital Desk: Shares of banking sector giant PSU bank, ‘Bank of India’ have made a mark on Dalal Street today. Due to buying in huge volumes, the stock has crossed its highest level in one year. In the last one year, this stock has closed almost from its low level (₹ 92.74). 87% Has given excellent returns of up to Rs., which is many times better than Sensex.
3 big reasons behind the rise (The Big Triggers)
Great Q3 results: Bank of India has recently presented its results for the third quarter of financial year 2026 (Q3FY26). Net profit of the bank increased by 7% on annual basis. ₹2,705 crore It is done.
Historical reforms in NPA: There has been tremendous improvement in the asset quality of the bank. Gross NPA (GNPA) reduced 2.26% It has remained at 3.69%, which was 3.69% a year ago. This is the biggest factor in increasing the confidence of investors.
Strong Loan Growth: There has been a growth of more than 15% in the domestic advances of the bank, especially in the retail and MSME sector, the performance of the bank has been excellent.
Analyst’s opinion: Will prices increase further?
Market experts believe that BOI’s stock is still at its peak. Book Value (₹190) It is trading below Rs. 50,000, which means it still has ‘upside potential’ left.
Latest Target: Many brokerage houses have bought this stock. ₹185 to ₹190 A short-term target has been given.
Technical View: The stock remains above all its major moving averages (5, 20, 50, 100 and 200 DMA), confirming its ‘bullish’ trend.
Tips for investors
According to market experts, existing investors ‘Hold’ It is being advised to do so. However, it may be safer for new investors to buy on any dips, as a psychological resistance can be seen near ₹175.
