Bank of India trades higher on the BSE

Bank of India is currently trading at Rs. 322.25, up by 0.35 points or 0.11% from its previous closing of Rs. 321.90 on the BSE. The scrip opened at Rs. 323.00 and has touched a high and low of Rs. 327.40 and Rs. 320.15 respectively. So far 303638 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 356.75 on 26-May-2014 and a 52 week low of Rs. 126.95 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 332.75 and Rs. 316.50 respectively. The current market cap of the company is Rs. 20944.20 crore. The promoters holding in the company stood at 66.70% while Institutions and Non-Institutions held 25.64% and 7.66% respectively. Bank of India, the state-run lender has got aggressive plan for expanding the branch network to over 5,450 from 4,655 by the end of current financial year. The bank will open recruitment for 1,000 Probationary Officers and 3,500 clerical personnel in the current fiscal. This will be done in order to build infrastructure and run the new branches. Of the new branches, Rajasthan will get about 45 new branches. The bank has posted a fall of 26.31% in its net profit at Rs 557.51 crore for the quarter ended March 31, 2014 as compared to Rs 756.57 crore for the same quarter in the previous year.  However, total income of the bank has increased by 21.67% at Rs 11274.09 crore for quarter under review as compared to Rs 9265.55 crore for the quarter ended March 31, 2013.