Bank of India robust FY 2008 numbers

Bank of India rose 4.22% to Rs 353.30 at 13:44 IST on BSE on reporting 76.87% rise in net profit to Rs 1959.84 crore on 38.26% rise in total income to Rs 14528.41 crore, on a consolidated basis, in the year ended March 2008 over year ended March 2007

The stock hit a high of Rs 356.90 and a low of Rs 341.15 so far during the day. The stock had a 52-week high of Rs 466 on 17 January 2008 and the stock hit a 52-week low of Rs 181.80 on 13 June 2007.

The bank’s current equity is Rs 525.17 crore. Face value per share is Rs 10.

The current price of Rs 353.30 discounts its Q4 March 2008 annualised EPS of Rs 57.58, by a PE multiple of 6.13.

The bank's principal activities are the provision of banking services. The services of the group include acceptance of deposits, provision of loans, financing rehabilitation, treasury and investment management services to consumers and industries.

Union government holds 64.47% stake in the bank.