Stormy rise in Bank of India, shares crossed ₹ 173, upper circuit like atmosphere at 52-week high

News India Live, Digital Desk: Shares of the banking sector’s leading PSU bank, ‘Bank of India’ have made a mark on Dalal Street today. Due to buying in huge volumes, the stock has crossed its highest level in one year. In the last one year, this stock has given excellent returns of about 87% from its low level (₹92.74), which is many times better than the Sensex. 3 Big Triggers behind the rise. Excellent Q3 results: Bank of India has recently presented the results of the third quarter of the financial year 2026 (Q3FY26). The net profit of the bank has increased by 7% on an annual basis to ₹ 2,705 crore. Historic improvement in NPA: There has been a tremendous improvement in the asset quality of the bank. Gross NPA (GNPA) has declined to 2.26%, which was 3.69% a year ago. This is the biggest factor increasing the confidence of investors. Strong Loan Growth: The bank’s domestic advances have registered a growth of more than 15%, especially in the retail and MSME sector. The performance of the bank has been excellent. Analyst’s opinion: Will the price increase further? Market experts believe that BOI’s stock is still trading below its book value (₹ 190), which means That it still has ‘upside potential’ left.Fresh Target: Multiple brokerage houses have given short-term targets of ₹185 to ₹190 for the stock.Technical View: The stock remains above all its major moving averages (5, 20, 50, 100 and 200 DMA), confirming its ‘bullish’ trend.For Investors According to market experts, existing investors are being advised to ‘hold’. However, it may be safer for new investors to buy on any dips, as a psychological resistance can be seen near ₹175.