Meanwhile, the BSE Sensex was up 51.62 points, or 0.26%, to 19,794.14.
On BSE, 39,000 shares were traded in the counter compared with average volume of 1.41 lakh shares over the past two weeks.
The stock hit a high of Rs 371.30 and a low of Rs 366.70 so far during the day.
The board of Bank of India has approved the raising of Tier-I capital of the bank by issue fresh equity shares to the Government of India (promoters) or to other investors, on preferential basis or otherwise, subject to necessary approvals.
Bank of India's net profit fell 38.5% to Rs 301.85 crore on 15.2% growth in total income to Rs 8899.55 crore in Q2 September 2012 over Q2 September 2011.
The Government of India (GoI) holds 62.72% stake in Bank of India as per the shareholding pattern as on 30 September 2012
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