Key Events This Week
16 Feb: Stock opens at Rs.165.55, gaining 2.25%
17 Feb: New 52-week high of Rs.171 reached; sharp open interest surge
18 Feb: Fresh 52-week high of Rs.172.5; continued open interest rise
19 Feb: New 52-week high at Rs.173.4 despite slight daily dip
20 Feb: Week closes at Rs.171.80, up 1.63% on the day
16 February 2026: Strong Opening Gains Amid Positive Market Sentiment
Bank Of India commenced the week on a positive note, closing at Rs.165.55, up 2.25% from the previous Friday’s close of Rs.161.90. This gain outpaced the Sensex’s 0.70% rise to 36,787.89 points. The stock’s volume of 502,863 shares indicated healthy investor interest. The strong start set the tone for the week’s upward trajectory, supported by improving fundamentals and sector tailwinds.
17 February 2026: New 52-Week High and Surge in Derivatives Activity
On 17 February, Bank Of India’s shares surged to a new 52-week high of Rs.171, marking a 2.87% gain on the day and outperforming the Sensex’s 0.32% increase. This milestone reflected sustained momentum, with the stock trading comfortably above all key moving averages. The derivatives market saw a sharp open interest increase of 14.41%, rising by 2,554 contracts to 20,279, alongside a daily volume of 23,300 contracts. This surge signalled strong bullish positioning by traders, reinforcing confidence in the stock’s upward trend.
18 February 2026: Continued Rally to Rs.172.5 and Further Open Interest Growth
Bank Of India extended its gains to Rs.172.5 on 18 February, achieving another 52-week high with a 1.29% daily increase. Despite the Sensex declining by 0.3%, the stock’s resilience highlighted its relative strength within the public sector banking space. Open interest in derivatives further expanded by 10.61% to 22,975 contracts, accompanied by a daily volume of 19,662 contracts. Delivery volumes surged to 50.05 lakh shares, a 64.25% increase over the five-day average, indicating strong investor accumulation.
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19 February 2026: New 52-Week High at Rs.173.4 Despite Minor Pullback
The stock reached its highest level of the week at Rs.173.4 on 19 February, marking an 86.9% appreciation from its 52-week low of Rs.92.74. Although the stock dipped 2.00% intraday to close at Rs.169.05, this minor pullback is typical in strong trending stocks as investors take partial profits. The Sensex fell 1.45% on the day, underscoring Bank Of India’s relative outperformance. The stock remained above all key moving averages, maintaining its strong technical positioning.
20 February 2026: Week Closes Strong at Rs.171.80
Bank Of India ended the week on a positive note, gaining 1.63% to close at Rs.171.80. The Sensex also recovered, rising 0.41% to 36,674.32 points. The stock’s weekly gain of 6.11% significantly outpaced the Sensex’s 0.39% rise, reflecting strong investor confidence and sustained momentum. Volume remained steady at 312,045 shares, supporting the price strength.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-16 | Rs.165.55 | +2.25% | 36,787.89 | +0.70% |
| 2026-02-17 | Rs.170.30 | +2.87% | 36,904.38 | +0.32% |
| 2026-02-18 | Rs.172.50 | +1.29% | 37,062.35 | +0.43% |
| 2026-02-19 | Rs.169.05 | -2.00% | 36,523.88 | -1.45% |
| 2026-02-20 | Rs.171.80 | +1.63% | 36,674.32 | +0.41% |
Key Takeaways from the Week
Strong Price Momentum: Bank Of India’s 6.11% weekly gain significantly outperformed the Sensex’s 0.39%, driven by multiple new 52-week highs and sustained buying interest.
Robust Derivatives Activity: Sharp increases in open interest and volume in futures and options segments indicate strong bullish positioning and fresh long bets by traders.
Solid Fundamentals: The bank maintains a low gross NPA ratio of 2.26%, a net profit CAGR of 51.96%, and record quarterly interest earned of Rs.18,927.13 crore, supporting the price rally.
Institutional Confidence: Institutional holdings stand at 21%, having increased by 1.13% over the previous quarter, reflecting strong market trust in the bank’s prospects.
Technical Strength: The stock consistently traded above all key moving averages, signalling a strong uptrend despite minor intraday pullbacks.
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Conclusion
Bank Of India’s performance during the week of 16–20 February 2026 highlights a compelling combination of strong price appreciation, robust derivatives market activity, and solid fundamental underpinnings. The stock’s multiple new 52-week highs and sustained institutional accumulation underscore growing market confidence. Despite some volatility in the broader market, Bank Of India’s relative strength and technical positioning remain favourable. The upgraded Mojo Grade to Strong Buy with a high Mojo Score of 81.0 further validates the positive outlook. Investors observing this mid-cap public sector bank will note its consistent earnings growth, attractive valuation metrics, and resilient price momentum as key factors shaping its recent rally.
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