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Motilal Oswal has neutral call on Bank of Baroda with a target price of Rs 85. The current market price of Bank of Baroda is Rs 80.5. Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 41758.75 Crore). Financials For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 23762.09 Crore, up 7.66 % from last quarter Total Income of Rs 22070.52 Crore and up 5.19 % from last year same quarter Total Income of Rs 22589.84 Crore. The bank reported net profit after tax of Rs -740.79 Crore in latest quarter. Collection efficiency improves to 93%, but remains lower v/s other peers. On the asset quality front, GNPA/NNPA ratio improved v/s pro forma GNPA/NNPA as of De’20. Total restructuring stood ~1.3% of advances (INR94b), while SMA-1/2 stood at 3.9% of loans. The brokerage remains watchful of the impact of the second COVID wave on asset quality and estimate credit cost to stay elevated at 2.1 ....
Bank of Baroda reported a net loss of Rs 1,046 crore in the March 2021 quarter as against a profit of Rs 506.6 crore in the same quarter last year ....
Indian Bank (down 3.01 per cent) and Canara Bank (down 2.73 per cent) were the top losers in the index. The Nifty PSU Bank index was trading 2.48 per cent down at 2228.45 around 02:10PM. Benchmark NSE Nifty50 index was down 121.85 points at 14788.6, while the BSE Sensex was down 342.13 points at 50021.83. Among the 50 stocks in the Nifty index, 6 were trading in the green, while 44 were in the red. Shares of Vodafone Idea, PNB, ITC, YES Bank and Tata Power were among the most traded shares on the NSE. Shares of Orchid Pharma , Dalmia Bharat, Adani Power, General Ins Corp and Intellect Design hit their fresh 52 week high in today s trade, while B C Power Controls Ltd., Sanginita Chemicals Ltd., Jiya Eco Products Ltd., Tembo Global Industries Ltd., Deep Energy Resources Ltd. and Marine Electricals (India) Ltd. hit fresh 52 week low in trade. ....
Why Bank of Baroda shares surged over 4% intraday Bank of Baroda shares rallied as much as 4.44 per cent during the day s trade to hit intraday high of 86.90 after the lender said it has successfully closed the QIP issue BusinessToday.In | March 3, 2021 | Updated 14:45 IST Bank of Baroda share price rises over 4% on Wednesday Bank of Baroda share price gained over 4 per cent in intraday on Wednesday after the public sector lender said that it has successfully closed the qualified institutional placement (QIP) issue to raise up to Rs 4,500 crore. The Issue opened on February 25 and closed on March 02, 2021. Bank of Baroda shares opened higher at Rs 84.65 against previous close price of Rs 83.20. The stock rallied as much as 4.44 per cent during the day s trade so far to hit intraday high of 86.90. The PSU bank shares hit its 52-week high of Rs 99.80 on February 19, 2021, while it touched 52-week low on May 20, 2020. The market cap of the bank rose to Rs 39,852 ....