Buy Bank of India With Stop Loss Of Rs 410

Buy Bank of India With Stop Loss Of Rs 410Technical analyst Sudarshan Sukhani has maintained 'buy' rating on Bank of India Limited stock to attain a target of Rs 435.

According to analyst, the investors can buy the stock with a stop loss of Rs 410.

The stock of the bank, May 02, closed at Rs 421.65 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 45.54 and 9.09 respectively.

The share price has seen a 52-week high of Rs 588 and a low of Rs 316 on BSE.

BoI has declared the results for the fourth quarter ended March 2011

The bank registered an increase of 15.5% in its net profit, which stood at Rs 493.6 crore for the fourth quarter ended March 2011.

Bank's overall income surged to Rs 7,130 crore in January-March period of FY11 as compared to Rs 5,248.2 crore during the same period of 2010.

BoI declared a dividend of 70% or Rs 7 a share for the year 2010-11.

For the complete fiscal year ended March 31, 2011, the bank registered a decline of 43% in its net profit, which stood at Rs 2,488.7 crore as against Rs 1,741 crore in the last fiscal.

BoI's overall income during 2010-11 increased to Rs 24,393.5 crore.

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Anil ManghnaniRajat BoseVijay BhambwaniAmbareesh BaligaPrakash GabaSudarshan SukhaniAshwani GujralAshu Madan

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