Bank of India lost 9.34% to Rs 188.70 at 14:14 IST on BSE after net profit declined 27.08% to Rs 585.82 crore on 21.27% growth in total income to Rs 10866.29 crore in Q3 December 2013 over Q3 December 2012.
The Q3 result was announced during trading hours today, 30 January 2014.
Meanwhile, the S&P BSE Sensex was down 258.50 points or 1.25% at 20,388.80.
On BSE, so far 12.74 lakh shares were traded in the counter as against average daily volume of 7.21 lakh shares in the past one quarter.
The stock hit a high of Rs 205.60 and a low of Rs 187.70 so far during the day. The stock had hit a 52-week low of Rs 126.95 on 28 August 2013. The stock had hit a 52-week high of Rs 367.60 on 29 January 2013.
The stock had underperformed the market over the past one month till 29 January 2014, sliding 11.95% compared with the Sensex's 2.58% fall. The scrip had, however, outperformed the market in past one quarter, advancing 15.32% as against Sensex's 1.35% fall.
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The large-cap state-run bank has equity capital of Rs 642.26 crore. Face value per share is Rs 10.
Bank of India (BoI)'s ratio of gross non-performing assets (NPAs) to gross advances stood at 2.81% as on 31 December 2013 as against 2.93% as on 30 September 2013 and 3.08% as on 31 December 2012. The ratio of net NPAs to net advances stood at 1.75% as on 31 December 2013 as against 1.85% as on 30 September 2013 and 1.97% as on 31 December 2012.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 10.84% as on 31 December 2013 as against 10.77% as on 30 September 2013.
BoI's provisions and contingencies jumped 53.28% to Rs 1403.74 crore in Q3 December 2013 over Q3 December 2012. The bank's provision coverage ratio as on 31 December 2013 works out to 63.77%.
The Government of India (GoI) holds 66.7% stake in Bank of India (as per the shareholding pattern as on 31 December 2013).
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