1. One can buy into the stock of bank of India as it has quality assets in form of lons rendered. It has declined its exposure in capital market and real estate.
2. One can say that it has shown improvement in all aspects related to banking and ensuring improvement in its operational efficiency. Bank of India has benefitted by virtue of its revaluation of assets, Superior credit growth and change in accounting policy.
3. The stock is trading at 5.7x 2009E earnings per share (EPS) and one can safely ascribe a target price of rs 365 for the stock with in a time span of one year.
2. One can say that it has shown improvement in all aspects related to banking and ensuring improvement in its operational efficiency. Bank of India has benefitted by virtue of its revaluation of assets, Superior credit growth and change in accounting policy.
3. The stock is trading at 5.7x 2009E earnings per share (EPS) and one can safely ascribe a target price of rs 365 for the stock with in a time span of one year.
