Intraday Performance and Price Movement
On 1 Feb 2026, Bank Of India (Stock ID: 793993), a key player in the public sector banking industry, experienced a notable intraday decline. The stock fell by 5.09% to Rs 155.65, marking its lowest level during the trading session. This drop was significantly steeper than the Sensex’s marginal decline of 0.05% on the same day, underscoring the stock’s relative weakness. The share price also underperformed its sector peers by 3.42%, indicating sector-specific pressures alongside broader market factors.
The stock has been on a downward trajectory for three consecutive days, cumulatively losing 6.33% over this period. Despite this short-term weakness, Bank Of India’s price remains above its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting that the longer-term trend retains some underlying strength. However, the stock is trading below its 5-day moving average, signalling immediate selling momentum and short-term caution among traders.
Market Context and Broader Indices
The broader market environment today was characterised by volatility and a shift from initial optimism to cautious selling. The Sensex opened 119.19 points higher but reversed course to close down by 127.40 points, settling at 82,261.57. This close places the index just 4.74% below its 52-week high of 86,159.02, indicating that while the market remains near recent peaks, it is experiencing some profit-taking and consolidation.
Technically, the Sensex is trading below its 50-day moving average, although the 50-day average itself remains above the 200-day moving average, reflecting a mixed technical picture. This backdrop of cautious market sentiment likely contributed to the pressure on Bank Of India’s shares, as investors weighed near-term risks against longer-term gains.
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Short-Term and Medium-Term Performance Trends
Examining Bank Of India’s recent performance reveals a mixed picture. Over the past week, the stock declined by 2.44%, contrasting with the Sensex’s 0.85% gain, highlighting the stock’s relative underperformance in the immediate term. However, over the last month and three months, Bank Of India has delivered robust returns of 9.65% and 12.06% respectively, outperforming the Sensex which declined by 2.89% and 2.58% over the same periods.
Year-to-date, the stock has gained 8.28%, while the Sensex has fallen 3.51%, further emphasising the stock’s resilience despite recent volatility. Over longer horizons, Bank Of India’s performance remains impressive, with a 39.66% return over one year and a remarkable 213.18% gain over five years, significantly outpacing the Sensex’s 7.13% and 77.66% returns respectively. These figures reflect the stock’s strong recovery and growth trajectory over time, even as it faces short-term pressures.
Mojo Score and Rating Update
Bank Of India currently holds a Mojo Score of 78.0, categorised as a Buy rating. This represents a downgrade from its previous Strong Buy grade, which was revised on 23 Oct 2025. The downgrade indicates a moderation in the stock’s momentum and quality metrics, aligning with the recent price weakness. The company’s market cap grade remains at 2, reflecting its mid-cap status within the public sector banking space.
The downgrade and current rating suggest that while the stock retains favourable attributes, investors should be mindful of the recent volatility and price pressure when assessing its near-term outlook.
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Sectoral and Industry Considerations
Bank Of India operates within the public sector banking industry, a segment that has experienced varied performance amid evolving economic conditions and regulatory developments. The stock’s underperformance relative to its sector today suggests that sector-specific factors may be influencing investor sentiment. These could include shifts in credit growth expectations, asset quality concerns, or changes in government policy impacting public sector banks.
Despite these pressures, Bank Of India’s share price remains above key longer-term moving averages, indicating that the broader trend has not been decisively broken. The divergence between short-term weakness and longer-term technical support highlights the nuanced market dynamics at play.
Summary of Price Pressure and Market Sentiment
In summary, Bank Of India’s intraday low of Rs 155.65 and 5.09% decline today reflect a combination of immediate selling pressure and cautious market sentiment. The stock’s three-day losing streak and underperformance relative to the Sensex and its sector underscore the challenges faced in the short term. Meanwhile, the broader market’s retreat from an initial positive opening to a modest close in the red adds to the cautious tone.
While the stock’s Mojo Score downgrade and recent price action suggest a tempering of momentum, the longer-term performance metrics and technical indicators provide a more balanced perspective on its position within the public sector banking space.
Technical Moving Averages and Trading Levels
Bank Of India’s share price today remained above its 20-day, 50-day, 100-day, and 200-day moving averages, which typically serve as support levels for investors monitoring trend strength. However, the price fell below the 5-day moving average, signalling short-term bearishness. This technical setup indicates that while the stock is experiencing immediate downward pressure, the medium- and long-term trends have not been decisively compromised.
Traders and market participants will likely monitor these moving averages closely in coming sessions to gauge whether the recent weakness extends or if support levels hold firm.
Comparative Performance Versus Sensex
Bank Of India’s performance today contrasts sharply with the Sensex, which declined by only 0.05%. Over the past week, the stock’s 2.44% loss contrasts with the Sensex’s 0.85% gain, highlighting the stock’s relative vulnerability in the short term. However, over one month and three months, Bank Of India has outperformed the Sensex by wide margins, with returns exceeding 9.6% and 12% respectively, compared to the Sensex’s negative returns in these periods.
This divergence between short-term weakness and medium-term strength illustrates the stock’s complex price dynamics amid fluctuating market conditions.
Conclusion
Bank Of India’s intraday low and 5.09% decline today reflect a period of price pressure amid a cautious market environment. The stock’s recent downgrade from Strong Buy to Buy and its relative underperformance over the past few days highlight the challenges faced in the near term. Nonetheless, the stock’s longer-term performance and technical positioning suggest that the current weakness is part of a broader, more nuanced market narrative rather than a fundamental shift.
Investors and market watchers will continue to observe the stock’s price action in relation to key moving averages and sector trends to better understand the evolving sentiment around this public sector banking stock.
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