Bank Of India Hits New 52-Week High of Rs.169.25 on 29 Jan 2026

Strong Rally and Market Context

Bank Of India’s stock has recorded a notable rally, gaining 6.08% over the past three consecutive trading days. Today’s advance of 0.75% further outpaced the sector’s performance by 0.9%, signalling continued investor confidence in the company’s fundamentals. The stock is currently trading above all key moving averages – including the 5-day, 20-day, 50-day, 100-day, and 200-day averages – indicating a sustained upward trend across multiple timeframes.

In contrast, the broader market experienced a downturn, with the Sensex falling 658.47 points (-0.77%) to 81,710.49 after a flat opening. Despite this, several indices such as NIFTY METAL, NIFTY PSU BANK, and NIFTY PSE reached new 52-week highs, highlighting pockets of strength within the market.

Bank Of India’s 52-week low stands at Rs.92.74, emphasising the stock’s remarkable recovery and growth trajectory over the past year.

Financial Performance and Quality Metrics

Bank Of India’s financials have demonstrated strong long-term growth, with net profits expanding at a compound annual growth rate (CAGR) of 51.96%. The company has reported positive results for 18 consecutive quarters, underscoring consistent operational strength. In the latest quarter, interest earned reached a record 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 maintains a low Gross Non-Performing Assets (NPA) ratio of 2.26%, reflecting prudent lending practices and asset quality. Return on Assets (ROA) stands at 0.9%, complemented by an attractive Price to Book Value ratio of 0.9, indicating fair valuation relative to peers.

Over the past year, Bank Of India’s profits have increased by 26.2%, while the stock price has surged 52.17%, significantly outperforming the Sensex’s 6.77% gain over the same period. The company’s PEG ratio of 0.3 further highlights the stock’s valuation relative to earnings growth.

Institutional Interest and Market Standing

Institutional investors hold a substantial 21% stake in Bank Of India, with their holdings increasing by 1.13% over the previous quarter. This level of institutional participation suggests confidence from investors with extensive analytical resources.

Bank Of India is ranked among the top 1% of companies rated by MarketsMojo across a universe of over 4,000 stocks. It holds the 10th position among Mid Cap companies and ranks 32nd across the entire market, reflecting its strong fundamental and market performance credentials.

The stock has consistently delivered market-beating returns not only over the past year but also across three-year and three-month timeframes, outperforming the BSE500 index.

Mojo Score and Rating Update

Bank Of India currently holds a Mojo Score of 78.0, with a Mojo Grade of Buy. This represents a slight downgrade from its previous Strong Buy rating, which was revised on 23 Oct 2025. The Market Cap Grade stands at 2, reflecting the company’s mid-cap status within the Public Sector Bank sector.

The stock’s recent price action and fundamental metrics continue to support its standing as a quality mid-cap banking stock with strong growth and valuation characteristics.

Technical and Market Indicators

The stock’s trading above all major moving averages signals robust technical momentum. This is particularly notable given the broader Sensex is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating a longer-term positive trend for the benchmark index.

Bank Of India’s ability to sustain gains and reach a new 52-week high amid a broadly negative market day highlights its relative strength and resilience within the banking sector.

Summary

Bank Of India’s achievement of a new 52-week high at Rs.169.25 marks a significant milestone in its ongoing rally. Supported by strong financial performance, low asset risk, and favourable technical indicators, the stock has demonstrated notable outperformance relative to both its sector and the broader market. Institutional interest and high rankings by MarketsMojo further underscore the company’s quality credentials.

This milestone reflects a combination of sustained earnings growth, prudent risk management, and positive market sentiment, positioning Bank Of India as a standout performer within the Public Sector Bank sector.

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