Bank of Baroda hits 52-week low as sticky loans rise in Q1

Bank of Baroda lost 5.62% to Rs 529.05 at 14:11 IST on BSE, as the bank's ratio of gross non-performing assets to gross advances increased to 2.99% as on 30 June 2013, from 2.4% as on 31 March 2013 and 1.84% as on 30 June 2012.

The result was announced during market hours today, 1 August 2013.

Meanwhile, the S&P BSE Sensex was down 21.35 points or 0.11% at 19,324.35

On BSE, 4.22 lakh shares were traded in the counter as against average daily volume of 1.46 lakh shares in the past one quarter.

The stock hit a 52-week low of Rs 525.20 in intraday trade today, 1 August 2013. The stock hit a high of Rs 571 so far during the day. The stock had hit a 52-week high of Rs 899.65 on 3 January 2013.

The stock had underperformed the market over the past one month till 31 July 2013, falling 2.43% compared with the Sensex's 0.26% fall. The scrip had also underperformed the market in past one quarter, sliding 19.77% as against Sensex's 0.81% decline.

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 rose 2.54% to Rs 1167.87 crore on 14.89% rise in total income to Rs 10717.49 crore in Q1 June 2013 over Q1 June 2012.

The bank's ratio of gross non-performing assets (NPA) to gross advances increased to 2.99% as on 30 June 2013, from 2.4% as on 31 March 2013 and 1.84% as on 30 June 2012. The ratio of net NPA to net advances increased to 1.69% as on 30 June 2013, from 1.28% as on 31 March 2013 and 0.65% as on 30 June 2012.

The Government of India holds 55.41% stake in Bank of Baroda (as per the shareholding pattern as on 30 June 2013).

Powered by Capital Market - Live News