Bank of India Shows Strong Trading Activity and Outperforms Sector Metrics

Bank of India has emerged as one of the most active equities today, with a total traded volume of 5,218,056 shares and a total traded value of approximately Rs 62.54 crore. The stock opened at Rs 117.55, slightly above its previous close of Rs 117.49, and reached an intraday high of Rs 121.17, reflecting a 2.53% increase during the trading session. The last traded price stands at Rs 121.09.
In terms of performance, Bank of India has outperformed its sector by 1.12% and has shown a consecutive gain over the last two days, accumulating a total return of 6.66% in this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Investor participation has also seen a notable rise, with a delivery volume of 603,000 shares on September 10, marking a significant increase of 270.49% compared to the 5-day average. The stock boasts a high dividend yield of 3.4% at its current price and demonstrates sufficient liquidity for trades up to Rs 1.12 crore, based on 2% of the 5-day average traded value. Overall, Bank of India is exhibiting robust performance metrics in the public sector banking industry.