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Bank of Baroda Plunges 3%; BSE BANKEX Index Down 0.3%
Mon, 8 Jul 10:1

Bank of Baroda Plunges 3%; BSE BANKEX Index Down 0.3%Image source: Kameleon007 /www.istockphoto.com

Bank of Baroda share price has plunged 3% and is presently trading at Rs 266.4.

Meanwhile, the BSE BANKEX index is at 60,125.6 (down 0.3%).

Among the top losers in the BSE BANKEX index today are AU SMALL FINANCE BANK (down 1.7%) and Kotak Bank (down 0.7%).

Federal Bank (up 0.4%) is among the top gainers today.

Over the last one year, Bank of Baroda has moved up from Rs 202.4 to Rs 266.4, registering a gain of Rs 64.1 (up 31.7%).

On the other hand, the BSE BANKEX index has moved up from 51,050.2 to 60,125.6, registering a gain of 17.8% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 45.7%), Federal Bank (up 41.5%) and Axis Bank (up 32.1%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,811.4 (down 0.2%).

The top losers among the BSE Sensex today are Titan (down 4.1%) and Asian Paints (down 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,274.4 (down 0.2%). Titan and Divis Laboratories are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,479.1 to 79,811.4, registering a gain of 14,332.4 points (up 21.9%).

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 7.5.

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