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Bank of India in demand

Bank of India gained for a third straight session today. The stock is quoting at Rs 36.45, up 3.55% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 1.36% on the day, quoting at 10114.7. The Sensex is at 34276.99, up 1.33%. Bank of India has gained around 8.16% in last one month.

Meanwhile, Nifty PSU Bank index of which Bank of India is a constituent, has gained around 2.58% in last one month and is currently quoting at 1221.85, up 4.62% on the day. The volume in the stock stood at 20.63 lakh shares today, compared to the daily average of 30.39 lakh shares in last one month.

The PE of the stock is 13.35 based on TTM earnings ending December 19.