Investment analysts have recently updated their one-year forecast for Bank of India's stock price, indicating a potential uptick in value. The revised target for the bank's shares now stands at ₹125.46, marking a notable rise from the previous projection of ₹113.22 per share reported on October 31, 2023.
The bank has maintained a steady dividend yield of 1.92%, coupled with a conservative dividend payout ratio of 0.15, demonstrating its commitment to providing consistent investor returns without compromising financial stability.
In the realm of institutional ownership, there has been a slight decrease of 3.03%. However, in a positive turn, the total number of shares held by institutions has increased by 1.36%. This overall growth in institutional shares is reflected in the investment activities of major funds. Notable adjustments include:
- Vanguard Total International Stock Index Fund (VGTSX) and Vanguard Emerging Markets Stock Index Fund (VEIEX) each expanded their share count by over 2%.
- WisdomTree India Earnings Fund (EPI) saw an increase of nearly 4% in its shareholdings.
- Parametric Emerging Markets Institutional Fund (PEIFX) experienced a significant boost, with a 16.76% rise in shares held.
- DFA Emerging Markets Core Equity Portfolio (DFCEX) maintained its investment level, showing stability amidst the changes.
These movements within key funds reflect a growing confidence in Bank of India's stock, as investors adjust their positions to capitalize on the bank's performance and potential for future growth.
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