Bank of India Surges with 14.39 Million Shares Traded Today

Bank of India has emerged as one of the most active equities today, with a total traded volume of 14,392,893 shares and a total traded value of approximately Rs 183.93 crores. The stock opened at Rs 124.51 and reached an intraday high of Rs 129.95, reflecting a gain of 5.56% during the trading session. Currently, the last traded price stands at Rs 129.52, which is just 0.57% shy of its 52-week high of Rs 130.24.
In terms of performance, Bank of India has outperformed its sector by 2.59%, while the public banking sector overall has seen a gain of 2.68%. Notably, the stock has reversed its trend after two consecutive days of decline, indicating a potential shift in momentum. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong position in the market.

Additionally, the stock boasts a high dividend yield of 3.24% at the current price, and liquidity remains robust, with a delivery volume of 35.62 lakh shares on October 17, reflecting a 3.12% increase against the 5-day average delivery volume. Overall, Bank of India is demonstrating significant activity and resilience in the current market landscape.