The Bank of India is one of the major banks in the country and its share price has been a topic of interest for many investors. With the bank’s recent announcement of acquiring the remaining ownership interest in Commercial Indo Bank LLC, located in Moscow, the BOI share price target for the next decade has become even more important to consider.
In this article, we will be exploring the BOI share price target for the period 2023 to 2030 and examining whether it is a good auto stock to buy. This information will provide valuable insights for investors who are looking to invest in the Bank of India and make informed decisions about their financial future.
About Bank of India
The Bank of India is a leading bank in India and has been in operation since 1906. It offers banking services to both corporate and individual customers, including deposits, loans, remittances, investments, and other financial products. The bank has a network of more than 5000 branches and offices across India, with a presence in all major cities. Its services are also available through digital channels, such as mobile banking, internet banking, and automated teller machines (ATMs).
Also, The BOI is part of the State Bank of India Group. It is well-established in the financial system and highly esteemed for its banking and finance knowledge. The Bank of India is devoted to delivering quality services and products to its customers and guaranteeing a secure banking experience. Moreover, it is devoted to promoting responsible banking and financial inclusion, particularly for rural and low-income populations.
Stock history of BOI
The stock history of Bank of India (BOI) dates back to 1906 when it was established as a public sector bank. BOI is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
In the early 2000s, the share price of BOI was relatively stable, trading within a range of Rs. 40 to Rs. 70. In 2005, the share price of BOI started to rise, and by 2006 it had reached its all-time high of Rs. 308.
In 2010, the share price of BOI fell sharply, and by 2012 it had reached its all-time low of Rs. 38. Since then, it has gradually recovered and in March 2021, it was trading at Rs. 70. Over the last decade, the stock has been relatively volatile, with sharp rises and falls in the share price.
Currently, the stocks of BOI are trading at Rs. 83.65.
Latest news about BOI
- Bank of India launches a new fixed deposit tenure offering the highest interest rate at 7.25%.
- The Managing Director of BoI anticipates engaging in a business worth USD 4 billion from GIFT City within the next three years.
- In the first quarter results, State-owned Bank of India (BOI) announced a significant increase in net profit to Rs 1,551 crore, nearly tripling from the previous year’s figure, driven by a reduction in non-performing assets.
- For the fiscal year 2023, Bank of India disburses a dividend amounting to Rs 668 crore to the government.
How to buy BOI shares?
To buy BOI shares, you will need to open a demat account with a broker and have sufficient funds in your bank account. Once you have the funds and the demat account set up, you can place buy orders through your broker. When the order is executed, the shares will be credited to your demat account. You can then hold the shares in your demat account or sell them when the price is right.
You can also buy shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of BOI: 2023 to 2030
Share Price Target 2023 of BOI is ₹114.47
| When | Maximum Price | Minimum Price |
| August 2023 | ₹92.92 | ₹71.47 |
| September 2023 | ₹97.56 | ₹75.05 |
| October 2023 | ₹92.92 | ₹71.47 |
| November 2023 | ₹102.21 | ₹78.62 |
| December 2023 | ₹114.47 | ₹88.06 |
The table represents the BOI share price prediction for 2023 and it shows a bullish trend with an uptrend in the share price. The year starts off with a minimum price of ₹92.92 in August 2023 and gradually increases to reach the maximum price of ₹114.47 in December 2023. This represents a growth percentage of 84.47% from the minimum price in August 2023 to the maximum price in December 2023.
This upward trend in the share price indicates a positive outlook for the Bank of India in 2023 and investors can expect a good return on their investment. The uptrend in the share price can be attributed to the bank’s recent acquisition of the remaining ownership interest in Commercial Indo Bank LLC, located in Moscow, which is expected to have a positive impact on the bank’s financial performance.
Overall, the BOI share price prediction for 2023 suggests a positive growth outlook for investors.
Share Price Target 2024 of BOI is ₹160.27
| When | Maximum Price | Minimum Price |
| January 2024 | ₹120.50 | ₹92.69 |
| February 2024 | ₹135.39 | ₹112.83 |
| March 2024 | ₹142.52 | ₹115.87 |
| April 2024 | ₹129.56 | ₹99.66 |
| May 2024 | ₹107.97 | ₹83.05 |
| June 2024 | ₹129.56 | ₹99.66 |
| July 2024 | ₹110.13 | ₹85.37 |
| August 2024 | ₹121.14 | ₹96.14 |
| September 2024 | ₹127.20 | ₹97.84 |
| October 2024 | ₹149.64 | ₹115.11 |
| November 2024 | ₹157.13 | ₹120.87 |
| December 2024 | ₹160.27 | ₹123.28 |
The table shows a continued bullish trend in the share price. The year starts off with a minimum price of ₹92.69 in January 2024 and reaches its maximum price of ₹160.27 in December 2024. This represents a growth percentage of 72.77% from the minimum price in January 2024 to the maximum price in December 2024.
The maximum and minimum share price targets for 2024 are ₹160.27 and ₹92.69, respectively. The continued uptrend in the share price highlights the positive outlook for the Bank of India in 2024 and investors can expect good returns on their investments.
Share Price Target 2025 of BOI is ₹194.41
| When | Maximum Price | Minimum Price |
| January 2025 | ₹163.47 | ₹125.75 |
| February 2025 | ₹172.08 | ₹132.37 |
| March 2025 | ₹180.68 | ₹138.99 |
| April 2025 | ₹161.32 | ₹124.09 |
| May 2025 | ₹146.66 | ₹112.81 |
| June 2025 | ₹161.32 | ₹124.09 |
| July 2025 | ₹153.64 | ₹118.18 |
| August 2025 | ₹160.04 | ₹123.11 |
| September 2025 | ₹168.04 | ₹129.26 |
| October 2025 | ₹178.13 | ₹137.02 |
| November 2025 | ₹190.60 | ₹146.61 |
| December 2025 | ₹194.41 | ₹149.54 |
BOI per share price could reach ₹194.41 by the end of 2025. The table represents the BOI share price target for 2025 and it shows a continued bullish trend in the share price. The year starts off with a minimum price of ₹125.75 in January 2025 and reaches its maximum price of ₹194.41 in December 2025. This represents a growth percentage of 54.39% from the minimum price in January 2025 to the maximum price in December 2025. The maximum and minimum share price targets for 2025 are ₹194.41 and ₹125.75, respectively.
BOI Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹136.09 | ₹95.26 |
| 2027 | ₹115.67 | ₹80.97 |
| 2028 | ₹208.21 | ₹145.75 |
| 2029 | ₹427.70 | ₹299.39 |
| 2030 | ₹476.30 | ₹333.41 |
The BOI share price target for 2026 to 2030 shows a fluctuating trend with both highs and lows. In 2026, the maximum price is ₹136.09 and the minimum price is ₹95.26, representing a growth of 42.46% from the minimum to the maximum price.
The year 2027 shows a dip in the share price with a maximum price of ₹115.67 and a minimum price of ₹80.97, which is a decrease of 21.47% from the previous year’s maximum price. However, the year 2028 sees a sudden surge in the share price with a maximum price of ₹208.21 and a minimum price of ₹145.75, representing a growth of 57.67% from the minimum to the maximum price.
This trend continues in 2029 with a maximum price of ₹427.70 and a minimum price of ₹299.39, a growth of 64.17% from the minimum to the maximum price. Finally, in 2030, the BOI share price target reaches its highest point with a maximum price of ₹476.30 and a minimum price of ₹333.41, representing a growth of 43.15% from the minimum to the maximum price.
The BOI share price target for 2026 to 2030 highlights the unpredictability of the stock market and the need for investors to carefully consider their investment decisions. However, the overall trend suggests good growth opportunities for those who choose to invest in the Bank of India.
Financial Condition of BOI: Last 5 years
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenue(Rs crore) | 41,005 | 42,591 | 40,854 | 38,281 | 47,932 |
| Interest(Rs crore) | 27,207 | 27,191 | 26,421 | 24,083 | 27,441 |
| Expenses(Rs crore) | 26,874 | 26,386 | 17,672 | 16,263 | 21,177 |
| Financing Profit(Rs crore) | -13,076 | -10,987 | -3,239 | -2,065 | -686 |
| Financing Margin % | -32% | -26% | -8% | -5% | -1% |
| Other Income(Rs crore) | 4,862 | 6,687 | 6,778 | 8,092 | 7,168 |
| Depreciation(Rs crore) | 373 | 392 | 380 | 372 | 427 |
| Profit Before Tax(Rs crore) | -8,587 | -4,692 | 3,160 | 5,655 | 6,056 |
| Tax % | 37% | 35% | 34% | 38% | 37% |
| Net Profit(Rs crore) | -5,426 | -3,051 | 2,081 | 3,487 | 3,839 |
| EPS in Rs | -19.67 | -9.31 | 6.36 | 8.51 | 9.35 |
| Dividend Payout % | 0% | 0% | 0% | 24% | 21% |
- Revenue Patterns: The bank experienced fluctuating revenue figures, culminating in a peak of INR 47,932 crore in 2023.
- Interest Stability: Interest expenses remained relatively steady, indicating consistency in this financial aspect.
- Operational Challenges: Negative financing profits were observed in 2019 and 2020, suggesting operational hurdles that impacted profitability.
- Recovery and Margin Improvement: The bank rebounded with a notable improvement in the financing margin, reaching -1% in 2023, indicating a recovery from previous challenges.
- Diverse Income Streams: Supplementary income sources played a pivotal role, with other income amounting to INR 8,092 crore in 2022.
- Strategic Tax Management: The bank maintained a stable tax rate of 37%, showcasing careful financial planning.
- Profitability Resurgence: Despite obstacles, Bank of India displayed a resurgence in net profit, achieving INR 3,839 crore in 2023.
- EPS Rebound: Earnings per share (EPS) exhibited a noteworthy rebound, rising from a low of -19.67 in 2019 to INR 9.35 in 2023.
- Dynamic Dividend Payout: The bank responded adeptly to financial shifts with dividend payout percentage fluctuations ranging from 0% to 24%.
- Adaptability and Renewed Profitability: Bank of India’s financial journey highlights its capacity to navigate challenges and leverage opportunities, culminating in a trajectory of renewed profitability.
Collectively, Bank of India’s financial narrative underscores its capacity to navigate challenges while capitalizing on opportunities, driving renewed profitability.
FAQS
Will the share price of BOI increase in 2023?
It is anticipated that BOI per share price will increase to ₹114.47 by the end of 2023.
What is the share price target of BOI for 2025?
The share price of BOI could reach around ₹194.41 by the end of 2025.
What is the share price target of BOI for 2030?
The per share price of BOI might reach around ₹476.30 by the end of 2030.
Can BOI touch 100 INR in 2023?
Yes, according to our analysis, BOI can touch 100 INR by the end of 2023.
What is BOI current market value?
As of January 2023, the BOI stock price is ₹83.65, with a market capitalisation of 341.21 billion INR.
Also read:
Ambuja Cements Share Price Target: 2023 to 2030.
Wipro Share Price Target: 2023 to 2030.
ICICI Bank Share Price Target: 2023 to 2030.
Points To Keep In Notice While Investing In Bank Of India Shares:
– Stock trades at a valuation of 0.60 times its book value.
– Positive projections suggest a promising upcoming quarter for the company.
– Company’s profit growth has demonstrated a robust compound annual growth rate (CAGR) of 21.2% over the past five years.
– Interest coverage ratio remains low for the company.
– Sales growth over the last five years has been disappointing, standing at 4.58%.
– Return on equity (ROE) is notably low at 5.61% over the past three years.
– Contingent liabilities amount to a significant Rs. 4,08,307 crore.
– There are indications that the company may be capitalizing the interest cost.
Conclusion
Bank of India’s financial journey, as depicted by the provided data, reveals a mixed performance over the past five years. Despite challenges like negative financing profits and fluctuating revenue, the bank demonstrated resilience through improved financing margins and supplementary income streams. However, concerns persist with a low interest coverage ratio and a staggeringly low return on equity (ROE) of 5.61% over the last three years. The bank’s ability to maintain a 21.2% compound annual growth rate (CAGR) in profit growth is noteworthy, as is the concerning 4.58% sales growth. With significant contingent liabilities amounting to Rs. 4,08,307 crore, prudent strategies are vital for capitalizing on opportunities and overcoming challenges amidst positive quarter expectations and a relatively low stock valuation.
In conclusion, BOIs’ share price target has been set at 2023 to 2030, with an expectation that it will remain relatively stable during this time frame. This is due to the company’s strong fundamentals, sound management, and experienced leadership, which have enabled it to achieve consistent growth even in the face of economic uncertainties. BOI is expected to continue to perform well, and its share price is likely to remain strong in the years to come.
Hello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.
