Multibagger stock of the month Aug 2023 ,by Shivam luhareeya

 Hello readers and Grow furthers subscribers...it's been a long time we never recommended any stock for Value investing ,but wait have you ever think why we always use "value investing " word instead of just investing or trading. Because grow further value your money and we always try to give that money justifying value ,since we started our grow further channel we recommended 7-8 stock combined YouTube channel and in our blog , I hope you not missed any single recommendation from our side because most of the stock were currently standing at double and triple price after our recommandation, but don't worry if you missed previous oppertunity then grow further again came with new stock recommandation 

And our multibagger stock for Aug 23 is ,Bank of india

Stock name :- BANK OF INDIA 

About Company :-

Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks.

Beginning with one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalized banks.

The Bank has over 5100+ branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 69 Zonal Offices and 13 NBG Offices. There are 45 branches/ offices abroad which includes 23 own branches, 1 representative office and 4 Subsidiaries(20 branches) and 1 joint venture

• BANK OF INDIA currently traded at 86₹ 

Face value of of Stock is 10rs and Book value is around 127rs.

Bank of India (BOI) is a part of the Nifty Bank, Bank of India (BOI) traded at P/E ratio of 6.84 and the Nifty Bank traded at P/E of 17.10, So the Company's P/E is less than INDEX P/E, this is a sign of cheap valuation.

Price-To-Earnings ratio (7.8x) is below the Indian market (26.3x)

Earnings are forecast to grow 15.68% per year

REVENUE GROWTH:-

PROFIT GROWTH:-

Year high of Bank of India (BOI) is 103.50 and the Year low is 45.85 Although the year high/low ratio yet not stable below 2 but other indicators attract me to recommend this stock.

Net sale per share of Bank of India is 116.78 so, in net sale per share term, this stock is a value buy

If we see 3 years avg price of bank india which is around 62rs and currently stock trading above it's 3 years avg price ,which is positive sign.

BOI is a dividend-paying company for the last 2 Years it pay 2 rupees par share dividend.

 Promoters of BOI is the government of India and the government hold 81.41% of shares and no any share pledged by promoters. 

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