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Bank of Baroda Gains 4%; BSE BANKEX Index Up 2.0%
Mon, 25 Nov 9:38

Bank of Baroda Gains 4%; BSE BANKEX Index Up 2.0%Image source: peterschreiber.media/www.istockphoto.com

Bank of Baroda share price has zoomed 4% and is presently trading at Rs 245.5.

Meanwhile, the BSE BANKEX index is at 59,445.5 (up 2.0%).

Among the top gainers in the BSE BANKEX index today are SBI (up 2.6%) and IDFC FIRST BANK (up 2.5%).

Over the last one year, Bank of Baroda has moved up from Rs 195.8 to Rs 245.5, registering a gain of Rs 49.7 (up 25.4%).

On the other hand, the BSE BANKEX index has moved up from 49,253.5 to 59,445.5, registering a gain of 20.7% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 49.2%), Federal Bank (up 43.7%) and ICICI Bank (up 41.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,415.9 (up 1.6%).

The top gainers among the BSE Sensex today are L&T (up 3.6%) and MUNDRA PORT & SEZ (up 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,287.0 (up 1.6%). Bharat Electronics and Shriram Transport are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,930.8 to 80,415.9, registering a gain of 14,485.1 points (up 22.0%).

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 6.4.


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