Bank of India falls 6% as investors book profit amid margin squeeze
Mon, Feb 5, 2024 2:58 PM

Bank of India falls 6% as investors book profit amid margin squeeze

A Flip by Avya Verma
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Bank of India's stock fell 7% despite strong Q3 results, likely due to profit taking and margin compression in the banking sector. Analysts have a "buy" call on the stock with a target price of Rs 165. Recovery from stressed loans and improvement in CASA could drive future earnings. Bank of India's MD said their annualized NIM is at 2.95% and they are working to maintain it.

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