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Bank of Baroda drops after keeping MCLRs unchanged

Capital Market 

of Baroda dropped 1.09% to Rs 167.55 at 14:11 on after the said that it kept marginal cost of funds based lending rates across the various tenors at the exiting level from 7 December 2017 after the review.

The announcement was made during market hours today, 5 December 2017.

Meanwhile, the S&P Sensex was down 3.14 points, or 0.01% to 32,866.58.

On the BSE, 4.37 lakh shares were traded in the counter so far, compared with average daily volumes of 30.16 lakh shares in the past one quarter. The stock had hit a high of Rs 169.75 and a low of Rs 165.40 so far during the day. The stock had hit a 52-week high of Rs 206.60 on 26 October 2017. The stock had hit a 52-week low of Rs 133.60 on 23 October 2017.

The stock had outperformed the market over the past one month till 4 December 2017, falling 1.37% compared with the Sensex's 2.42% decline. The stock had also outperformed the market over the past one quarter, advancing 23.88% as against the Sensex's 3.68% rise. The scrip had, however, underperformed the market over the past one year, rising 5.22% as against the Sensex's 25.31% rise.

The large-cap has equity capital of Rs 460.83 crore. Face value per share is Rs 2.

The bank's Marginal Cost of Funds based Lending Rate (MCLR) for overnight loans will be 8.05%, the rate for one month will be 8.1% and for three months it will be 8.15%. The MCLR on 6-month loans will be 8.25% and for one-year loans the rate will be 8.3%, the said. MCLR on three-year loans will be 8.45% and for five-year loans the rate will be 8.6%.

of Baroda's net profit fell 35.6% to Rs 355.36 crore on 3.7% rise in total income to Rs 12490.39 crore in Q2 September 2017 over Q2 September 2016.

Government of India holds 59.24% stake in of Baroda as per the shareholding pattern as on 30 September 2017.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 05 2017. 14:23 IST