Strong Rally Amid Market Volatility
Despite a broadly negative session for the Sensex, which declined by 479.66 points to close at 82,572.88, Bank Of India demonstrated resilience by advancing 1.98% on the day. This outperformance is notable given the Sensex remains 4.34% shy of its own 52-week high of 86,159.02. The stock’s gain today also outpaced the public sector banking sector by 1.39%, highlighting its relative strength within the industry.
Bank Of India’s price has been on an upward trajectory for three consecutive trading days, delivering a cumulative return of 4.94% during this period. The stock is currently trading above all key moving averages – including the 5-day, 20-day, 50-day, 100-day, and 200-day averages – signalling sustained bullish momentum and technical strength.
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Exceptional One-Year Performance
Over the last 12 months, Bank Of India has delivered a remarkable return of 76.02%, vastly outperforming the Sensex’s 10.92% gain in the same period. The stock’s 52-week low was Rs.92.74, illustrating a near doubling in value over the year. This performance places the company among the top performers in the public sector banking sector and the broader mid-cap universe.
The company’s strong fundamentals underpin this price appreciation. Bank Of India has demonstrated a compound annual growth rate (CAGR) of 51.96% in net profits, reflecting consistent and healthy earnings expansion. The bank has also reported positive results for 18 consecutive quarters, reinforcing its steady operational and financial progress.
Robust Financial Metrics Support Valuation
Bank Of India’s gross non-performing asset (NPA) ratio stands at a low 2.26%, indicating prudent lending practices and effective asset quality management. Interest earned in the latest quarter reached a record high of Rs.18,927.13 crore, while profit before tax excluding other income (PBT less OI) grew by 45.5% to Rs.1,337.98 crore compared to the previous four-quarter average.
The bank’s return on assets (ROA) is 0.9%, complemented by a price-to-book value of 0.9, suggesting an attractive valuation relative to its peers. The price-to-earnings-to-growth (PEG) ratio is a modest 0.3, further highlighting the stock’s favourable valuation metrics amid strong earnings growth.
Institutional Confidence and Market Recognition
Institutional investors hold a significant 21% stake in Bank Of India, with their holdings increasing by 1.13% over the previous quarter. This level of institutional participation reflects confidence in the bank’s fundamentals and growth trajectory.
MarketsMojo assigns Bank Of India a Mojo Score of 81.0, upgrading its grade from Buy to Strong Buy as of 2 February 2026. The company ranks among the top 1% of all 4,000 stocks rated by MarketsMojo, positioned 6th in the mid-cap category and 24th across the entire market. These rankings underscore the bank’s strong fundamental and market standing.
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Market-Beating Returns Across Timeframes
Bank Of India’s market-beating performance extends beyond the last year. The stock has outperformed the BSE500 index over the last three years, one year, and three months, demonstrating consistent strength across multiple time horizons. This sustained outperformance is supported by the bank’s solid earnings growth, prudent risk management, and improving operational metrics.
The stock’s ability to maintain gains and reach new highs amid a fluctuating broader market environment highlights its resilience and underlying strength. The current price level of Rs.177.4 represents a significant milestone, reflecting both investor confidence and the bank’s improving financial health.
Summary of Key Metrics
To summarise, Bank Of India’s recent surge to a 52-week high is supported by:
- New 52-week high price of Rs.177.4
- 76.02% return over the past year versus Sensex’s 10.92%
- Gross NPA ratio at a low 2.26%
- Net profit CAGR of 51.96%
- Interest earned at Rs.18,927.13 crore in the latest quarter
- PBT less OI growth of 45.5%
- ROA of 0.9% and Price to Book of 0.9
- Institutional holdings at 21%, increased by 1.13% in the last quarter
- Mojo Score of 81.0 with a Strong Buy grade upgrade
These factors collectively illustrate the bank’s strong fundamentals and the market’s recognition of its growth trajectory, culminating in the recent price milestone.
Broader Market Context
While Bank Of India has demonstrated strong gains, the broader market has experienced some pressure. The Sensex opened 242.12 points lower and closed down 0.87% for the day. The index is currently trading below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating a mixed technical picture for the broader market. Against this backdrop, Bank Of India’s outperformance is particularly noteworthy.
Conclusion
Bank Of India’s ascent to a new 52-week high of Rs.177.4 marks a significant achievement for the stock, reflecting strong earnings growth, sound asset quality, and sustained investor confidence. The stock’s performance over the past year and recent days highlights its momentum and resilience amid a challenging market environment. Supported by solid fundamentals and institutional backing, Bank Of India continues to stand out within the public sector banking sector.
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