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Bank of Baroda gains after board OKs preferential allotment

Capital Market  |  Mumbai 

The announcement was made during trading hours today, 26 December 2012.

Meanwhile, the Sensex was up 161.93 points, or 0.84%, to 19,417.02.

On BSE, 32,000 shares were traded in the counter as against an average daily volume of 75,384 shares in the past one quarter.

The stock hit a high of Rs 860.95 and a low of Rs 847.55 so far during the day. The stock had hit a 52-week high of Rs 881 on 17 February 2012.

The stock had hit a 52-week low of Rs 606.25 on 6 September 2012.

The stock had outperformed the market over the past one month till 24 December 2012, rising 16.48% compared with the Sensex's 4.04% rise. The scrip had also outperformed the market in past one quarter, gaining 9.78% as against Sensex's 3.12% rise.

The large-cap state-run bank has an equity capital of Rs 413.86 crore. Face value per share is Rs 10.

Bank of Baroda's net profit rose 11.60% to Rs 1301.39 crore on 19.60% increase in total income to Rs 9550.86 crore in Q2 September 2012 over Q2 September 2011.

The Government of India (GoI) held 54.31% stake in as per the shareholding pattern as on 30 September 2012.

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First Published: Wed, December 26 2012. 23:32 IST