BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Religare downgrades Bank of India to sell
Religare revises target price on the stock to Rs 110 from Rs 175 earlier. Asset quality troubles continued for the public sector lender. Expect Bank of India's profitability to remain weak and return on equity subdued due to poor loan growth and higher credit cost.