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Bank of Baroda Gains 4%; BSE BANKEX Index Up 1.2%
Mon, 28 Oct 9:58

Bank of Baroda Gains 4%; BSE BANKEX Index Up 1.2%Image source: StarLineArts/www.istockphoto.com

Bank of Baroda share price has zoomed 4% and is presently trading at Rs 247.6.

Meanwhile, the BSE BANKEX index is at 58,688.0 (up 1.2%).

Among the top gainers in the BSE BANKEX index today are ICICI Bank (up 2.9%) and SBI (up 1.9%).

IDFC FIRST BANK (down 4.8%) and Axis Bank (down 0.5%) are among the top losers today.

Over the last one year, Bank of Baroda has moved up from Rs 194.9 to Rs 247.6, registering a gain of Rs 52.8 (up 27.1%).

On the other hand, the BSE BANKEX index has moved up from 48,173.3 to 58,688.0, registering a gain of 21.8% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 43.0%), ICICI Bank (up 41.0%) and Federal Bank (up 32.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,640.5 (up 0.3%).

The top gainers among the BSE Sensex today are ICICI Bank (up 2.9%) and SBI (up 1.9%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 24,257.1 (up 0.3%). Shriram Transport and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,640.5, registering a gain of 15,591.4 points (up 24.3%).

Bank of Baroda Financial Update...

Bank of Baroda net profit grew 25.6% YoY to Rs 54,550 million for the quarter ended September 2024, compared to a profit of Rs 43,431 million a year ago. Net sales rose 9.0% to Rs 318,869 million during the period as against Rs 292,628 million in July-September 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 6.5.

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