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Bank of Baroda Plunges 6%; BSE BANKEX Index Down 1.0%
Thu, 21 Nov 10:59

Bank of Baroda Plunges 6%; BSE BANKEX Index Down 1.0%Image source: ipopba/www.istockphoto.com

Bank of Baroda share price has plunged 6% and is presently trading at Rs 223.1.

Meanwhile, the BSE BANKEX index is at 57,025.8 (down 1.0%).

Among the top losers in the BSE BANKEX index today are SBI (down 4.0%) and IDFC FIRST BANK (down 3.4%).

Kotak Bank (up 0.1%) and Axis Bank (up 0.1%) are among the top gainers today.

Over the last one year, Bank of Baroda has moved up from Rs 197.7 to Rs 223.1, registering a gain of Rs 25.4 (up 12.8%).

On the other hand, the BSE BANKEX index has moved up from 49,172.2 to 57,025.8, registering a gain of 16.0% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 39.9%), SBI (up 36.6%) and ICICI Bank (up 34.8%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 77,056.3 (down 0.7%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 20.0%) and SBI (down 4.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,333.8 (down 0.8%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 77,056.3, registering a gain of 11,401.2 points (up 17.4%).

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 5.8.


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