Bank of Baroda falls on weak Q4 outcome

The result was announced during market hours today, 13 May 2013.

Meanwhile, the S&P BSE Sensex was down 95.97 points or 0.48% at 20,026.35.

On BSE, 1.12 lakh shares were traded in the counter as against average daily volume of 94,566 shares in the past one quarter.

The stock hit a high of Rs 708.60 and a low of Rs 682.90 so far during the day. The stock had hit a 52-week high of Rs 899.65 on 3 January 2013. The stock had hit a 52-week low of Rs 606.25 on 6 September 2012.

The stock outperformed the market over the past one month till 11 May 2013, gaining 8.72% compared with the Sensex's 8.52% rise. The scrip, however, underperformed the market in past one quarter, declining 7.95% as against Sensex's 3.4% gain.

The large-cap state-run bank has equity capital of Rs 423.99 crore. Face value per share is Rs 10.

Bank of Baroda's net profit fell 10.51% to Rs 4480.72 crore on 17.32% growth in total income to Rs 38827.28 crore in the year ended 31 March 2013 over the year ended 31 March 2012.

On a consolidated basis, the state-run bank's net profit fell 8.47% to Rs 4804.23 crore on 18.4% growth in total income to Rs 40952.68 crore in the year ended 31 March 2013 over the year ended 31 March 2012.

Bank of Baroda's board of directors at its meeting held today, 13 May 2013, recommended a dividend of Rs 21.50 per share for the year ended 31 March 2013. The dividend payment date is 8 July 2013, the bank said.

The Government of India holds 55.41% stake in Bank of Baroda (as per the shareholding pattern as on 31 March 2013).

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