Bank of India rebounds from 52-week low

Meanwhile, the S&P BSE Sensex was up 225.08 points or 1.17% at 19,402.84.

On BSE, 2.71 lakh shares were traded in the counter as against average daily volume of 1.44 lakh shares in the past one quarter.

The stock was volatile. The stock rose as much as 2.72% at the day's high of Rs 226.35 so far during the day. The stock lost as much as 2.17% at the day's low of Rs 215.55 so far during the day, which is also 52-week low for the counter. The stock had hit a 52-week high of Rs 392.20 on 18 January 2013.

The stock underperformed the market over the past one month till 3 July 2013, sliding 24.23% compared with the Sensex's 2.21% fall. The scrip had also underperformed the market in past one quarter, declining 28.13% as against Sensex's 2% rise.

The large-cap state-run bank has equity capital of Rs 595.90 crore. Face value per share is Rs 10.

Bank of India's net profit declined 20.6% to Rs 756.57 crore on 5.6% growth in total income to Rs 9265.55 crore in Q4 March 2013 over Q4 March 2012.

The Government of India holds 64.11% stake in Bank of India (as per the shareholding pattern as on 31 March 2013).

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