One of India’s oldest and most reputable banks, Bank of India (BOI), has a lengthy history that dates back more than a century. BOI has consistently been a well-liked option among investors thanks to its robust client base and sound financial situation. The banking industry in India is anticipated to experience tremendous expansion over the coming years, and BOI is well-positioned to benefit from this growth.
The share price target for the Bank of India for the years 2023 to 2030 will be discussed in this article. For investors who are thinking about investing in BOI, we will examine the variables that could have an impact on the bank’s share price at this time.
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BOI SHARE PRICE TARGET 2023
| BOI SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| March 2023 | ₹75.05 | ₹57.73 |
| April 2023 | ₹82.56 | ₹63.50 |
| May 2023 | ₹68.80 | ₹52.92 |
| June 2023 | ₹82.56 | ₹63.50 |
| July 2023 | ₹99.07 | ₹76.20 |
| August 2023 | ₹108.97 | ₹83.83 |
| September 2023 | ₹114.42 | ₹88.02 |
| October 2023 | ₹108.97 | ₹83.83 |
| November 2023 | ₹119.87 | ₹92.21 |
| December 2023 | ₹134.25 | ₹103.27 |
Bank of India (BOI) is expected to have a bullish uptrend in 2023, according to the share price prediction. The bank’s share price is forecast to experience steady growth throughout the year, with a growth percentage ranging from 10% to 30%. The highest maximum price predicted is ₹134.25 in December 2023, which is a significant increase from the minimum price of ₹57.73 in March 2023. The trend line shows a positive slope, indicating a sustained uptrend in BOI’s share price.
Investors may be interested in taking advantage of this predicted growth trend and consider investing in BOI in 2023. However, it is important to conduct proper research and analysis before making any investment decisions. The growth of the banking sector in India and BOI’s solid financial position are factors that could potentially contribute to the bank’s share price growth in the upcoming year.
BOI SHARE PRICE TARGET 2024
| BOI SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹141.32 | 1037.03 |
| February 2024 | ₹158.79 | ₹132.32 |
| March 2024 | ₹167.14 | ₹135.89 |
| April 2024 | ₹151.95 | ₹116.88 |
| May 2024 | ₹126.62 | ₹97.40 |
| June 2024 | ₹151.95 | ₹116.88 |
| July 2024 | ₹129.16 | ₹100.12 |
| August 2024 | ₹142.07 | ₹112.76 |
| September 2024 | ₹149.18 | ₹114.75 |
| October 2024 | ₹175.50 | ₹135.00 |
| November 2024 | ₹184.28 | ₹141.75 |
| December 2024 | ₹187.96 | ₹144.59 |
Bank of India’s share price target for the year 2024 looks promising. The trend shows a gradual increase in the bank’s share price throughout the year, with the maximum share price predicted to be ₹187.96 in December 2024, and the minimum share price expected to be ₹97.40 in May 2024. The predicted growth percentage ranges from 10% to 50%, indicating a positive trend for BOI’s share price in the upcoming year.
The growth of the Indian economy and the banking sector could be contributing factors to BOI’s share price growth. Furthermore, the bank’s consistent financial performance and a strong customer base could be favourable for investors considering investing in BOI in 2024. However, it is important to note that the share price prediction table is based on data-driven estimates, and market fluctuations could also affect the actual share price.
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BOI SHARE PRICE TARGET 2025
| BOI SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹191.72 | ₹147.48 |
| February 2025 | ₹201.81 | ₹155.24 |
| March 2025 | ₹211.90 | ₹163.00 |
| April 2025 | ₹189.20 | ₹145.54 |
| May 2025 | ₹172.00 | ₹132.31 |
| June 2025 | ₹189.20 | ₹145.54 |
| July 2025 | ₹180.19 | ₹138.61 |
| August 2025 | ₹187.70 | ₹144.38 |
| September 2025 | ₹197.08 | ₹151.60 |
| October 2025 | ₹208.91 | ₹160.70 |
| November 2025 | ₹223.53 | ₹171.95 |
| December 2025 | ₹228.00 | ₹175.39 |
There is a gradual increase in the bank’s share price throughout the year, with the maximum share price predicted to be ₹228.00 in December 2025, and the minimum share price expected to be ₹132.31 in May 2025. The predicted growth percentage ranges from 10% to 50%, indicating a positive trend for BOI’s share price in the upcoming year.
Several factors could contribute to the growth of BOI’s share price in 2025, including the bank’s financial performance, macroeconomic factors, and policy changes. The Indian economy’s growth and stability could also be contributing factors for BOI’s growth, as it is one of the major players in the Indian banking sector.
BOI SHARE PRICE TARGET 2026 TO 2030
| BOI SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹159.60 | ₹111.72 |
| 2027 | ₹135.66 | ₹94.96 |
| 2028 | ₹244.19 | ₹170.93 |
| 2029 | ₹501.60 | ₹351.12 |
| 2030 | ₹558.60 | ₹391.02 |
Looking at the data for Bank of India’s share price prediction for the years 2026 to 2030, we can see a mix of ups and downs. In 2026, the share price is expected to range between ₹159.60 to ₹111.72. The year 2027 also shows a decline in share prices, with a range between ₹135.66 to ₹94.96. However, there is a significant increase in share prices predicted for the year 2028, with a maximum price of ₹244.19 and a minimum price of ₹170.93. The trend continues with a substantial increase in share prices predicted for the year 2029, with a range between ₹501.60 to ₹351.12. Finally, for the year 2030, the share price is predicted to be in the range of ₹558.60 to ₹391.02.
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FINANCIAL STRENGTH OF BOI (2018 TO 2022)
| ANNUAL | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
| Total Income | 46,291.46 | 48,350.00 | 49,399.66 | 46,268.85 | 44,158.69 |
| Total Income Growth (%) | -4.26 | -2.12 | 6.77 | 4.78 | -4.84 |
| Provisions & Contingencies | 6,631.80 | 8,723.91 | 14,525.21 | 13,692.11 | 13,287.55 |
| Provisions & Contingencies Growth (%) | -23.98 | -39.94 | 6.08 | 3.04 | 16.38 |
| Profit after Tax (PAT) | 3,492.57 | 2,082.75 | -3,051.04 | -5,426.57 | -5,961.31 |
| PAT Growth (%) | 54.91 | – | – | – | – |
| Net Interest Margin (%) | 1.91 | 1.96 | 2.32 | 2.18 | 1.72 |
| Net Profit Margin (%) | 9.12 | 5.09 | -7.16 | -13.23 | -15.55 |
| Basic EPS (₹) | 9.07 | 6.36 | -9.39 | -29.14 | -51.83 |
Looking at Bank of India’s financial statement of the last five years, the company’s growth has been mixed. The total income of the bank has shown a fluctuating trend over the years, with a peak of ₹49,399.66 crore in FY 2020, and a decline to ₹46,291.46 crore in FY 2022. The company’s provisions and contingencies also show a similar trend, with a peak of ₹14,525.21 crore in FY 2020 and a decrease to ₹6,631.80 crore in FY 2022. The bank’s net interest margin, which measures the difference between the interest income generated and the amount of interest paid out by the bank, also shows a fluctuating trend. The bank’s net profit margin, which measures the company’s ability to generate profits from its revenue, was negative in FY 2018, FY 2019, and FY 2020. However, the bank’s PAT has seen an impressive growth rate of 54.91% in FY 2022, reaching ₹3,492.57 crore. The basic earnings per share (EPS) has also shown improvement, with an increase from ₹-51.83 in FY 2018 to ₹9.07 in FY 2022. Overall, Bank of India’s financial statement shows mixed growth, with certain aspects of the company’s financial performance improving while others have declined.
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FAQ’s
What is the maximum share price target of Bank of India in 2026?
The maximum share price target of Bank of India in 2026 is Rs. 159.60
What is the maximum share price target of Bank of India in 2027?
The maximum share price target of Bank of India in 2027 is Rs. 135.66
What is the maximum share price target of Bank of India in 2028?
The maximum share price target of Bank of India in 2028 is Rs. 244.19
What is the maximum share price target of Bank of India in 2029?
The maximum share price target of Bank of India in 2029 is Rs. 501.60
What is the maximum share price target of Bank of India in 2030?
The maximum share price target of Bank of India in 2030 is Rs. 558.60
BOI SHARE PRICE TARGET BY EXPERTS
- Motilal Oswal Financial Services recommends purchasing State Bank of India, with a target price of Rs 725.
CONCLUSION: BANK OF INDIA SHARE PRICE TARGET
Based on the bank’s financial statements for the last five years, it is clear that both revenue growth and profit growth have been uneven for the institution. For the past two years, the bank’s overall revenue has decreased while provisions and contingencies have soared. Nevertheless, when compared to the prior year, the bank’s PAT showed an exceptional growth rate of 54.91%. The bank’s basic earnings and net interest margin have both slightly improved.
It is challenging to determine whether Bank of India’s shares are a solid investment given its overall record. Over time, the bank’s income and profit growth have fluctuated, and it has encountered difficulties.
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