Bank of India Share Price in 1998: Chart, Monthly Trends, & Analysis
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How did Bank of India shares perform in 1998?
Let's find out!
Bank of India share price in 1998 was ₹22.7 Its price on 1st January 1998 was ₹40.1, and by 31st December 1998 it moved to ₹22.7, giving a negative return of -43.4% for the year.
Bank of India Share Open, High, Low, and Close prices for the Year 1998 are as follows:
| Open | High | Low | Close |
|---|---|---|---|
| ₹40.1 | ₹63.85 | ₹19.39 | ₹22.7 |
| 1st Jan 1998 | Occured in Apr 1998 | Occured in Dec 1998 | 31st Dec 1998 |
This page will help you understand how Bank of India performed in 1998. Let's get started.
For complete insights into Bank of India’s incredible stock price performance and growth, see: Bank of India Historical Share Price Data from its IPO to 2024
Table: Bank of India Share Monthly Close, Low, High Prices for 1998
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| Month | Bank of India | Change% | ↑High - ↓Low |
|---|---|---|---|
| Jan | ₹35.65 | - | ↑ ₹42.9 ↓ ₹32 |
| Feb | ₹39.15 | 9.8% | ↑ ₹39.5 ↓ ₹34.5 |
| Mar | ₹42.15 | 7.6% | ↑ ₹47.45 ↓ ₹37.25 |
| Apr | ₹47.4 | 12.4% | ↑ ₹63.85 ↓ ₹42.5 |
| May | ₹43.8 | -7.6% | ↑ ₹50.85 ↓ ₹39.75 |
| Jun | ₹32.95 | -24.8% | ↑ ₹44.9 ↓ ₹30.75 |
| Jul | ₹31.55 | -4.3% | ↑ ₹35.25 ↓ ₹30.05 |
| Aug | ₹27.45 | -13% | ↑ ₹31.4 ↓ ₹27.1 |
| Sep | ₹26.45 | -3.7% | ↑ ₹31.7 ↓ ₹26 |
| Oct | ₹21.35 | -19.3% | ↑ ₹26.85 ↓ ₹20.39 |
| Nov | ₹21.1 | -1.2% | ↑ ₹23.5 ↓ ₹20.1 |
| Dec | ₹22.7 | 7.5% | ↑ ₹24.8 ↓ ₹19.39 |
Chart: CandleStick and Line Chart Showing Monthly Prices
[Click on line name to show/hide a line]
What if You invested ₹10,000 in Bank of India in 1998?
In 1998, the opening price of Bank of India share was ₹40.10. Today, the price stands at ₹103, reflecting a growth of 156.85%. If we applying the same growth to your investment of ₹10,000 then, your investment of ₹10,000 in 1998 would have become ₹25,685.78 by 2024. This represents a CAGR of 3.69%.
You might also like to check: Bank of India Stock Price in 1997 or Bank of India Stock Price in 1999
References:
Stock prices on stockpricearchive.com are gathered from reliable sources only. We take prices from stock exchanges only, majorly from BSE and NSE.
Disclaimer: Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice.
