Strong Price Momentum and Market Context
On 27 Feb 2026, Bank Of India’s share price touched Rs.178.45, marking its highest level in the past year. This represents a significant appreciation from its 52-week low of Rs.92.74, translating into a gain of approximately 92.4% over the period. The stock’s performance notably outpaces the broader Sensex index, which has recorded a modest 9.67% gain over the same timeframe.
Despite a slight dip of 0.51% on the day, the stock remains firmly above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates a strong upward trend and sustained investor confidence in the company’s fundamentals.
Sector and Market Environment
The broader market environment on the day saw the Sensex open flat but subsequently decline by 389.96 points to 81,830.52, a 0.51% drop. The index is currently trading below its 50-day moving average, although the 50-day average remains above the 200-day average, signalling a mixed but cautiously optimistic market backdrop. Within this context, Bank Of India’s outperformance highlights its resilience and sector leadership.
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Robust Financial Performance Underpinning the Rally
Bank Of India’s recent price surge is supported by a series of strong financial metrics. The company has demonstrated consistent profitability, declaring positive results for 18 consecutive quarters. Its net profit has grown at an impressive compound annual growth rate (CAGR) of 51.96%, reflecting sustained operational strength and effective lending practices.
In the latest quarter, the bank reported interest earned at a record high of Rs.18,927.13 crore, while profit before tax excluding other income stood at Rs.1,337.98 crore, marking a 45.5% increase compared to the previous four-quarter average. These figures underscore the bank’s ability to generate healthy earnings growth amid a competitive banking landscape.
Asset Quality and Valuation Metrics
Asset quality remains a key strength for Bank Of India, with the gross non-performing asset (NPA) ratio at a low 2.26%, among the best in the public sector banking segment. This low NPA ratio reflects prudent risk management and disciplined credit appraisal processes.
From a valuation perspective, the bank offers an attractive profile with a return on assets (ROA) of 0.9% and a price-to-book value of 1. This valuation is considered fair relative to its peers and historical averages, suggesting that the stock’s current price is supported by underlying fundamentals rather than speculative factors.
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 rise in institutional ownership indicates growing confidence from investors with extensive resources and analytical capabilities.
Additionally, the company has earned a strong Mojo Score of 81.0 and a Mojo Grade upgrade from Buy to Strong Buy as of 2 Feb 2026, reflecting enhanced market sentiment and fundamental strength. Bank Of India ranks among the top 1% of over 4,000 stocks rated by MarketsMojo, positioned 7th among mid-cap companies and 29th across the entire market, highlighting its standout status.
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Long-Term Growth and Market-Beating Returns
Over the past year, Bank Of India has delivered a remarkable total return of 82.40%, significantly outperforming the Sensex’s 9.67% gain. This outperformance extends beyond the one-year horizon, with the stock also surpassing the BSE500 index over the last three years and three months.
The company’s earnings growth of 26.2% over the past year, combined with a low PEG ratio of 0.3, further emphasises its strong growth trajectory relative to its valuation. These factors collectively contribute to the stock’s sustained upward momentum and its appeal within the public sector banking sector.
Recent Trading Activity and Trend Analysis
Following five consecutive days of gains, Bank Of India’s stock experienced a minor pullback today, aligning with sector performance. This slight correction after a strong rally is typical in trending markets and does not detract from the overall positive trend. The stock’s position above all major moving averages confirms the continuation of a bullish trend in the medium to long term.
Summary of Key Metrics
To summarise, Bank Of India’s key performance indicators include:
- New 52-week high price: Rs.178.45
- 52-week low price: Rs.92.74
- Gross NPA ratio: 2.26%
- Interest earned (latest quarter): Rs.18,927.13 crore
- Profit before tax excluding other income (latest quarter): Rs.1,337.98 crore (up 45.5%)
- Net profit CAGR: 51.96%
- Return on assets: 0.9%
- Price-to-book value: 1
- Institutional holdings: 21%, increased by 1.13% QoQ
- Mojo Score: 81.0 (Strong Buy, upgraded from Buy on 2 Feb 2026)
These metrics collectively illustrate the bank’s strong fundamentals, healthy growth, and market recognition, which have driven the stock to its current 52-week high.
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