Bank of Baroda up on growth prospects

DALAL STREET SPIKES

Shares of Bank of Baroda were up on Wednesday on buying support and ended at Rs 168.30, up 3.28 per cent. The scrip opened at Rs 165, went to an intra-day high of Rs 170.20. The volumes in the counter were of the order of 15.47 lakh shares on the BSE.

Dealers said that the stock price had actually recovered after witnessing a period of volatility in recent weeks. There was no specific reason for the rise in the stock, though there was a lot of buying in the counter.

However, delivery-based trades in the counter were rather low, dealers said. Analysts said that it is a good stock and investors were accumulating it for the inherent value in it. The bank's performance during the last fiscal has been good with a 25 per cent jump in net profit.