24 February, 2026
Based on search results up to February 9, 2026, here is the analysis report regarding Bank of India's (BOI) share performance.
1. Recent Share Performance & Highs (As of Feb 2026)
- 52-Week High: The stock reached a 52-week high of ₹169.90 on January 29, 2026.
- Current Standing: As of February 6, 2026, the share was trading around ₹163–₹164.
- Trend: After a volatile period early in 2026, the stock has shown strength, holding above crucial moving averages (20, 50, 100, and 200-day), indicating a strong long-term trend.
- All-Time High Comparison: While the stock has seen a massive resurgence recently, it is operating well below historical peak levels from many years ago, indicating it is near a 52-week high rather than an all-time high of its entire history.
2. Key Growth Drivers & Financials (Q3 FY26)
- Business Growth: Bank of India's global business has crossed the ₹16 lakh crore milestone.
- Credit Growth: Global Advances increased by 13.63% YoY, while domestic advances grew by 15.16% YoY.
- Retail/SME Focus: Retail Advances grew by 20.64% YoY, Agriculture by 16.69%, and MSME by 15.77%, highlighting a robust, diversified loan portfolio.
- Asset Quality: Net Non-Performing Assets (NPAs) reduced significantly, reflecting improved credit quality.
- Profitability: The bank reported strong profit growth, supported by a 45.92% YoY surge in net profit in FY25, with continued momentum into early 2026.
3. Valuation & Market Sentiment (2026)
- Attractive Valuation: Bank of India is considered a value bet in the Public Sector Undertaking (PSU) banking space, trading at approximately 0.76–0.86 times its book value.
- Comparison to Peers: It is considered cheaper than larger competitors like the State Bank of India (SBI), which trades at a much higher price-to-book ratio.
- Outlook: The general sentiment is "Buy" or "Accumulate," with analysts targeting higher levels based on sustainable, improving returns.
- Risks: Margin pressures (Net Interest Margins - NIM) due to repo rate actions, although improved asset quality mitigates this risk.
4. Technical Analysis (February 2026)
- Support & Resistance: The immediate 52-week resistance is around ₹169–₹170. Support levels are emerging around ₹155–₹158.
- Volumes: High delivery volumes on 16 Jan 2026 (up 82% over 5-day average) suggest genuine institutional accumulation.
Conclusion
Bank of India is experiencing a strong, fundamentally-backed revival, trading near its 52-week high. It is being positioned as a "value-buy" for 2026, benefiting from robust credit growth, improved asset quality, and relatively low valuations compared to its PSU peers.