Stock market analysts have maintained ‘buy’ rating on Bank Of India (BoI) with an intraday target of Rs 415.

According to them, interested traders can buy the stock around Rs 410-411 with a stop loss of Rs 404. If the stock market remains on positive track, the stock will hit Rs 421 in today’s session.

Shares of the bank, on Monday (Oct 12), closed at Rs 408.90 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 57.69 and 7.19 respectively. The share price has seen a 52-week high of Rs 414.35 and a low of Rs 179.60 on BSE.

BoI, on Oct 12, has signed up a MoU with TVS Motor Company in order to offer finance for those who plan to buy the TVS Flame SR 125 motorcycle.

Under the deal, the bank will play the role of favored financier and provide attractive loans to its customers.

A special scheme, which would match up with the festive season has also been announced.

According to the scheme, which is valid till Oct 20, clients can avail of an attractive 8.5% interest for TVS Flame SR 125 for 5-years with funding up to 90%.

BoI lifted Tier- II Capital via issue of Upper Tier-II Capital Bonds worth Rs 5 billion on August 28, 2009.

The coupon rate stood at 8.50 per cent annually and term is 15 years with a call Option after 10 years.