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Bank of Baroda Gains 3%; BSE BANKEX Index Up 0.4%
Mon, 29 Jul 15:6

Bank of Baroda Gains 3%; BSE BANKEX Index Up 0.4%Image source: phive2015/www.istockphoto.com

Bank of Baroda share price has zoomed 3% and is presently trading at Rs 256.3.

Meanwhile, the BSE BANKEX index is at 58,854.8 (up 0.4%).

Among the top gainers in the BSE BANKEX index today are Federal Bank (up 1.7%) and SBI (up 1.5%).

Kotak Bank (down 0.7%) and HDFC Bank (down 0.6%) are among the top losers today.

Over the last one year, Bank of Baroda has moved up from Rs 196.3 to Rs 256.3, registering a gain of Rs 60.0 (up 30.6%).

On the other hand, the BSE BANKEX index has moved up from 51,646.9 to 58,854.8, registering a gain of 14.0% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 51.9%), SBI (up 43.6%) and Bank of Baroda (up 30.6%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,354.3 .

The top gainers among the BSE Sensex today are L&T (up 2.7%) and SBI (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 24,807.4 (down 0.1%). Titan and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,354.3, registering a gain of 14,998.6 points (up 22.6%).

Bank of Baroda Financial Update...

Bank of Baroda net profit fell 1.8% YoY to Rs 50,160 million for the quarter ended March 2024, compared to a profit of Rs 51,101 million a year ago. Net sales rose 14.3% to Rs 310,722 million during the period as against Rs 271,963 million in January-March 2023.

For the year ended March 2024, Bank of Baroda reported 25.9% increase in net profit to Rs 187,674 million compared to net profit of Rs 149,052 million during FY23. Revenue of the company grew 25.3% to Rs 1,183,792 million during FY24.

The current Price to earnings ratio of Bank of Baroda, based on rolling 12 month earnings, stands at 7.2.

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