Bank Of India Share Price Target From 2024 to 2030

Bearing in mind that it is very important to provide potential readability to the audience, I would like to share a note on the Bank of India (BOI) 's (a.k.a BOI) share price target from 2024 to 2030. BOI, as a public sector bank with its roots deeply entrenched in the past, has shown the ability to stabilize the economy after a downturn. The research will meticulously investigate the fundamental figures, and the bank's share price may be influenced by the sentiment of the market, and external factors that might happen in the next couple of years.

Current Financial Overview of Bank Of India Share Price

According to the latest data, the opening price of the bank's shares is 116.00 INR, with its highest and lowest prices being 119.50 INR and 117.70 INR respectively. The bank's market capitalization is almost 52.36K crore INR. The bank's P/E ratio of 7.26 tells us that it is undervalued in comparison to the earnings which in turn is the reason value investors are interested in the bank. Moreover, the dividend yield of 2.43% provides a constant income stream for the shareholders.

• MARKET CAP: ₹52.36KCr


• OPEN: ₹116.00


• HIGH: ₹116.39


• LOW: ₹114.00


• P/E RATIO: 7.26


• DIVIDEND YIELD: 2.43%


• 52 WEEK HIGH: ₹157.95


• 52 WEEK LOW: ₹85.10

The bank has performed well over the course of the year, increasing its share price by 32.12 from 116.00 INR to 116.39 INR. This rise indicates the bank's strengthened financial status and the confidence of the market. Nevertheless, an important point to note is that during the last month the share price dropped by 5.95% which reflects the stock's inherent volatility.

Shareholding Pattern Of Bank Of India Share Price

The percentage of the different categories of investors in the company can be used as a measure to analyze the shareholding pattern. As of June 2024, the promoters are holding a whopping 73.38% of the bank, which is a constant figure for several quarters. This means that they are confident of the bank's future and that is why they are unchanged in their long-term positions within the bank.

• Promoters: 73.38%


• Other Domestic Institutions: 10.53%


• Retail And Others: 7.55%


• Mutual Funds: 4.93%


• Foreign Institutions: 3.61%

At the same time, the acquisitions of Foreign Institutional Investors (FII/FPI) showed that the shares of their holdings from 4.50% to 3.61% as the number of FII/FPI clients decreased from 238 to 234 within the same period. This might be the case since they are reacting to some macroeconomic factors or specific problems the bank is facing. Yet, the data also shows that mutual funds have obtained more shares rising for 4.83% to 4.93%, which is a decisive factor for the domestic institutional confidence in the future of BOI.

For the whole institutions, the downturn is from 20.34% to 19.07% which could be related to the cautiousness of these institutional investors. Southwest Holders of 7.55% that is quite a little although it is very important since they consist of a mix of speculative traders and long-term buyers.

Bank Of India Share Price Target Analysis (2024-2030)

Bank Of India 2024 Share Price Target: 160.27 INR

With 160.27 INR, the bank aims to achieve a share price of 160.27 INR in the year 2024. The bank's strong fundamentals and expected growth in earnings are the reasons that this goal is based on. The progress coinciding with the increase in asset quality, the rise of credit growth, and better management non-performing assets (NPAs) can be seen from the growth of the bank in the digital dimension, and the increase of customer base which in turn will be one of the reasons for the expected share price.

Bank Of India 2025 Share Price Target: 173.47 INR

The Bank Of India Share Price of 2025 is slightly above the previous year at 173.47 INR. This slight increase means, in all likelihood, the management may feel that they have to assess and make changes if needed as the economy is not very strong. Through 2025, BOI's strategies like the expansion of its rural banking services and the improvement of the digital services are expected to lead to the steady growth of the bank.

Bank Of India 2026 Share Price Target: 179.09 INR

It is expected that in 2026, the Bank Of India Share Price is going to dip to 179.09 INR. One reason could be the worsening or dynamical nature of the customer-related asset. There are other potential challenges such as banks' competition and requirement for investment in the banking sector.

Bank Of India 2027 Share Price Target: 189 INR

For 2027, the potential decrease is expected which is 189 INR. This process can evolve from both the internal and the external factors, profit losses due to increased non-performing assets, higher provisioning requirements, and slower GDP growth are those inside the company while the government might cause bottlenecks in the sector so that public may get concerned about them. However, seeing the bright side, this stage might be good for those who are going to go long on BOI when it gets back on its feet.

Bank Of India 2028 Share Price Target: 208.21 INR

It is expected that there will be a big recovery in 2028 with 208.21 INR being the target of the Bank Of India Share Price. This significant increase indicates to the potential of bank to turn around from the failures that it used to face along with the increased asset quality, profitability, and successful execution of committed strategic initiatives. Even the investments in technology and customer service are predicted to be strong enough to not only retain but attracting a posse of new, more loyal customers from the gains realized. The improvement in overall the health of the economy is also believed to play a role in the bank's better performance.

Bank Of India 2029 Share Price Target: 427.70 INR

The jubilant trend will be maintained in the year 2029, and the Bank Of India Share Price will then ascend to the great altitude of 427.70 INR. This drastic increase could only come from a sentiment of the market that the stock is really poised for reapage from growing revenue through better ROE by operating in new markets. Once the bank manages to control NPLs and optimize its cost structures, it can be much easier to reach this level.

Bank Of India 2030 Share Price Target: 476.30 INR

By 2030, the share price of the Bank of India will equal to 476.30 INR. The target is based on the bank's relentless effort for financial soundness, better performance, and adaptability to the market changing dynamics. The expected growth of the Indian economy is likely to favor the bank, coupled with the successful growth strategies pursued by the bank such as innovation and customer-central service.

Earnings and Revenue Growth Prospects of Bank Of India Share Price

The growth rates of BOI's earnings and revenues are 14.8% and 12.2% per annum, respectively. The prediction is an indicator of the bank's ability to generate a higher profit and expand its business operations. The estimated growth in Earnings Per Share (EPS) at a lightning pace of 12.4% annual further states the bank's potential to enhance shareholder value.

The scenario of the Bank Return on Equity (ROE) for the upcoming three years is anticipated at a rate of 11.2%. Although this is a good sign that the business would be making a profit, it is encouraged to look at the comparison with the industry benchmarks. An ROE of 11.2% indicates that BOI is effectively finding profits with the money it has, which is a good indicator for the investors that the bank has a decent shot of winning.

Risks and Challenges For Bank Of India Share Price

While the Bank Of India Share Price targets for BOI from 2024 to 2030 provide a sunny outlook, it is essential to evaluate the risks and obstacles that could interfere with these predictions. The banking sector is a very sensitivity sector to the macroeconomic factors such as central bank interest rates, inflation, and government policies. Any negative happening in the fields mentioned would impact BOI's profits and, at the end of the day, the stock price.

Besides that, one of the keys to the future performances of the bank is how they effectively manage their NPAs. Moreover, potential threats like the sprouting of private sector banks and fintech companies as serious competitors cannot be overlooked as the bank has to always be in an improvement mode.

Conclusion

Bank of India is well positioned to experience a tremendous surge in its stock price come the next ten years. While volatility and materialized declines are significant parts of a dynamic market, the trajectory still is predominantly positive, which allows for the bank to continue blossoming due to its rock-solid fundamentals, strategic initiatives, and a favorable economic environment. Investors in search of a long-term investment opportunity can explore the possibility of acquiring the stock of BOI especially if the bank is able to make it through the hurdles and benefit from the arising prospects in the Indian banking sector.

Disclaimer: This article is written for informational purposes only, do not consider it as any investment advice.