Bank of Baroda recovers after 5-day 8.5% slide

Bank of Baroda rose 1.73% to Rs 647.85 at 14:44 IST on BSE, with the stock recovering on bargain hunting after 5-day 8.53% slide.

Meanwhile, the S&P BSE Sensex was up 182.70 points or 1% at 18,409.18.

On BSE, 1.20 lakh shares were traded in the counter as against average daily volume of 1.11 lakh shares in the past one quarter.

The stock hit a high of Rs 652.40 and a low of Rs 632.10 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 had underperformed the market over the past one month till 9 April 2013, sliding 13% compared with the Sensex's 7.4% fall. The scrip had also underperformed the market in past one quarter, declining 26.85% as against Sensex's 7.32% fall.

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

Shares of Bank of Baroda had declined 8.53% in five trading sessions to settle at Rs 636.85 on Tuesday, 9 April 2013, from a recent high of Rs 696.25 on 2 April 2013.

Bank of Baroda's net profit fell 21.6% to Rs 1011.62 crore on 9.8% growth in total income to Rs 9685.51 crore in Q3 December 2012 over Q3 December 2011.

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

Powered by Capital Market - Live News