Bank Of India Stock Tumbles Nearly 7% After Multiple Large Trades
The buyers and sellers for trades involving 0.3% equity were not known immediately.
![<div class="paragraphs"><p>Close view of Bank of India, BOI signage, logo at bank's exterior. (Source: Vijay Sartape/BQ Prime)</p></div>](https://media.assettype.com/bloombergquint%2F2023-07%2F83651050-b7c3-4a76-9ad3-4d6ed7b6a6c4%2FClose_view_of_BOI_signage__logo_at_bank_s_exterior___Source_Vijay_Sartape_BQ_Prime__Bank_of_India___.jpeg?rect=45%2C0%2C1426%2C802&auto=format%2Ccompress&w=200)
Shares of Bank of India tumbled nearly 7% after multiple large trades on Wednesday.
The company saw 0.3% equity change hands in multiple large trades at Rs 109.80 apiece, according to Bloomberg data. The buyers and sellers were not known immediately.
![Bank Of India Stock Tumbles Nearly 7% After Multiple Large Trades](https://media.assettype.com/bloombergquint%2F2023-12%2F88faf243-830d-4161-92ec-636928782e18%2FBANKINDIA.png?auto=format%2Ccompress)
On the NSE, BoI's stock fell as much as 6.48% during the day to Rs 108.20 apiece, the lowest since Oct. 23 when it fell over 9%. The shares were trading 4.11% lower at Rs 110.95 apiece compared to a 0.42% advance in the benchmark Nifty 50 at 11:24 a.m.
The stock has risen 25.72% on a year-to-date basis. The total traded volume so far in the day stood at 18 times its 30-day average.
Four out of the five analysts tracking BoI maintain a 'buy' rating on the stock and one recommends 'hold', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 17.6%.